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Introducing Islamic Banks into Coventional Banking Systems

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Author Info
Juan Sole
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.

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Publisher Info
Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/175.

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Length: 26 pages
Date of creation: 23 Jul 2007
Date of revision:
Handle: RePEc:imf:imfwpa:07/175

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Related research
Keywords: Working Paper Islamic banking Bank supervision Financial systems Financial institutions

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References listed on IDEAS
Please 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.:
  1. Luca Errico & Mitra Farahbaksh, 1998. "Islamic Banking - Issues in Prudential Regulations and Supervision," IMF Working Papers 98/30, International Monetary Fund.
  2. David Marston & Ghiath Shabsigh & Vasudevan Sundararajan, 1998. "Monetary Operations and Government Debt Management Under Islamic Banking," IMF Working Papers 98/144, International Monetary Fund.
  3. 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. [Downloadable!]
  4. Nadeem Ul Haque & Abbas Mirakhor, 1998. "The Design of Instruments for Government Finance in an Islamic Economy," IMF Working Papers 98/54, International Monetary Fund.
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This page was last updated on 2008-6-22.


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