Macroeconomic Instability, Financial Repression and Islamic Banking in Sudan
This article examines the practice, problems and potential of Islamic banking inSudan. The study demonstrates an unprecedented decline in both financial and real variables. It argues that the activities of Islamic banks in the country are constrained by the macroeconomic environment in general and repressive monetary and credit policy in particular. The paper concludes that when such constraints are removed only then the Islamic banking system may make a meaningful contribution to financial and economic growth in Sudan.
Volume (Year): 6 (1998)
Issue (Month): 2 (December)
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References listed on IDEAS
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- Valerie R. Bencivenga & Bruce D. Smith, 1991.
"Financial Intermediation and Endogenous Growth,"
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- Adam B. Elhiraika, 1996. "Risk-Sharing And The Supply Of Agricultural Credit: A Case Study Of Islamic Finance In Sudan," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1-4), pages 390-402.
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- Demirguc-Kunt, Asli & Levine, Ross, 1995. "Stock market development and financial intermediaries : stylized facts," Policy Research Working Paper Series 1462, The World Bank.
- Abbas Mirakhor & Mohsin S. Khan, 1991. "Islamic Banking," IMF Working Papers 91/88, International Monetary Fund.
- Khan, Mohsin S & Mirakhor, Abbas, 1990. "Islamic Banking: Experiences in the Islamic Republic of Iran and in Pakistan," Economic Development and Cultural Change, University of Chicago Press, vol. 38(2), pages 353-375, January. Full references (including those not matched with items on IDEAS)
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