Introducing Islamic Banks into Coventional Banking Systems
Abstract
Over the last decade, Islamic banking has experienced global growth rates of 10-15 percent per annum, and has been moving into an increasing number of conventional financial systems at such a rapid pace that Islamic financial institutions are present today in over 51 countries. Despite this consistent growth, many supervisory authorities and finance practitioners remain unfamiliar with the process by which Islamic banks are introduced into a conventional system. This paper attempts to shed some light in this area by describing the main phases in the process, and by flagging some of the main challenges that countries will face as Islamic banking develops alongside conventional institutions.Download Info
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Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/175.Length: 34
Date of creation: 01 Jul 2007
Date of revision:
Handle: RePEc:imf:imfwpa:07/175
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Related research
Keywords: Bank supervision; Financial systems; Financial institutions;This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-16 (All new papers)
- NEP-BAN-2007-09-16 (Banking)
- NEP-FDG-2007-09-16 (Financial Development & Growth)
- NEP-HIS-2007-09-16 (Business, Economic & Financial History)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Luca Errico & Mitra Farahbaksh, 1998. "Islamic Banking - Issues in Prudential Regulations and Supervision," IMF Working Papers 98/30, International Monetary Fund.
- Bacha, Obiyathulla I., 1999. "Derivative Instruments and Islamic Finance: Some Thoughts for a Reconsideration," MPRA Paper 12752, University Library of Munich, Germany.
- International Monetary Fund, 1998. "The Design of Instruments for Government Finance in an Islamic Economy," IMF Working Papers 98/54, International Monetary Fund.
- International Monetary Fund, 1998. "Monetary Operations and Government Debt Management Under Islamic Banking," IMF Working Papers 98/144, International Monetary Fund.
- El-Hawary & Dahlia & Grais, Wafik & Iqbal, Zamir, 2004. "Regulating islamic financial institutions : The nature of the regulated," Policy Research Working Paper Series 3227, The World Bank.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Martin Čihák & Heiko Hesse, 2010.
"Islamic Banks and Financial Stability: An Empirical Analysis,"
Journal of Financial Services Research,
Springer, vol. 38(2), pages 95-113, December.
- Martin Cihák & Heiko Hesse, 2008. "Islamic Banks and Financial Stability: An Empirical Analysis," IMF Working Papers 08/16, International Monetary Fund.
- Thorsten Beck & Samuel Munzele Maimbo & Issa Faye & Thouraya Triki, 2011.
"Financing Africa : Through the Crisis and Beyond,"
World Bank Publications,
The World Bank, number 2355.
- Beck, T.H.L. & Munzele Maimbo, S. & Faye, I. & Triki, T., 2011. "Financing Africa: Through the crisis and beyond," Open Access publications from Tilburg University urn:nbn:nl:ui:12-4758568, Tilburg University.
- Omar Masood & Ghulam Shabbir Khan Niazi & Noryati Ahmad, 2011. "Empirical evidence on the risk management tools practised in Islamic and conventional banks," Qualitative Research in Financial Markets, Emerald Group Publishing, vol. 3(2), pages 105-116, June.
- Beck, Thorsten & Demirgüç-Kunt, Asli & Merrouche, Ouarda, 2013.
"Islamic vs. conventional banking: Business model, efficiency and stability,"
Journal of Banking & Finance,
Elsevier, vol. 37(2), pages 433-447.
- Beck, Thorsten & Demirguc-Kunt, Asli & Merrouche, Ouarda, 2010. "Islamic vs. conventional banking : business model, efficiency and stability," Policy Research Working Paper Series 5446, The World Bank.
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