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Book Review: Bankers Research Unit: Banking Structure and Sources of Finance in the Middle East, and Traute Wholers-Scharf: Arab and Islamic Banks: New Business Partners for Developing Countries, Reviewed by: Ausaf Ahmad مراجعة علمية لكتاب: وحدة أبحاث المصرفيين: الهيكل المصرفي ومصادر التمويل في الشرق الأوسط ، و تروت هولرز شرف: المصارف العربية والإسلامية: شركاء أعمال جدد للبلدان النامية - مراجعة: أوصاف أحمد

Author

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  • Ausaf Ahmad

    (Islamic Development Bank, Jeddah, Saudi Arabia)

Abstract

The past decade has witnessed significant developments in the banking structure of the Arab World. The emergence of OPEC, the increase in oil revenues and accumulation of large reserves, led not only to an overall boom of economic activity in the petroleum exporting countries but also necessitated development of various financial and banking institutions. There was a need of new institutions to meet the requirements of accelerated financial transactions and to achieve the integration of national financial systems with the international monetary system. The development of various national banking institutions in the Arab World and establishment of several consortium banks was a response to this new situation. --

Suggested Citation

  • Ausaf Ahmad, 1985. "Book Review: Bankers Research Unit: Banking Structure and Sources of Finance in the Middle East, and Traute Wholers-Scharf: Arab and Islamic Banks: New Business Partners for Developing Countries, Revi," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 3(1), pages 101-104, January.
    • Handle: RePEc:abd:crieja:v:3:y:1985:i:1:no:10:p:101-104
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