Islamic finance a review of the literature
AbstractIn recent years, a number of Islamic banks have been created to cater to the growing demand, driven by globalization and the vast wealth of some Muslim states in the Middle East and Southeast Asia, and Islamic finance has moved from a niche position to become a mainstream component of the global banking system. Islamic banking refers to a financial system which is consistent with principles of Islamic law (or sharia) and guided by Islamic ethics. A large amount of research has been undertaken into this subject. This paper presents islamic financeâ€™s role in the new world order.
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Bibliographic InfoPaper provided by Department of Research, Ipag Business School in its series Working Papers with number 2014-093 Keywords : Islamic finance, Islamic banks..
Length: 21 pages
Date of creation: 12 Feb 2014
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-02-21 (All new papers)
- NEP-ARA-2014-02-21 (MENA - Middle East & North Africa)
- NEP-FMK-2014-02-21 (Financial Markets)
- NEP-HIS-2014-02-21 (Business, Economic & Financial History)
- NEP-HME-2014-02-21 (Heterodox Microeconomics)
- NEP-SEA-2014-02-21 (South East Asia)
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