IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/22161_1.html
   My bibliography  Save this book chapter

The state of Islamic finance in Europe

In: Islamic Finance in Eurasia

Author

Listed:
  • Omar Rehan Baig
  • Aishath Muneeza
  • M. Kabir Hassan
  • Paolo Biancone

Abstract

The development of Islamic finance is not uniform across the European region. Certain countries have developed Islamic finance more than others. The purpose of this chapter is to explore the state of Islamic finance in some selected European countries (United Kingdom (UK), France, Germany, Luxembourg, Italy, Austria, Switzerland, Sweden, Belgium, Greece, Denmark, and Norway) by shedding light on its history and current developments. Upon analyzing and assessing the current state of Islamic finance in the selected European countries, it is found that the top tier had the most advanced development of Islamic finance in their regions and consisted of the UK and Luxembourg. The middle tier had some level of growth but has not seen significant progress compared to tier one. This tier consisted of France. The remaining nine countries analyzed (Germany, Italy, Austria, Switzerland, Sweden, Belgium, Greece, Denmark, and Norway) are in tier three, with little-to-no development of Islamic finance until now. It is anticipated that through this chapter, policymakers will be able to better comprehend the development of Islamic finance in their regions and how it can be further developed.

Suggested Citation

  • Omar Rehan Baig & Aishath Muneeza & M. Kabir Hassan & Paolo Biancone, 2024. "The state of Islamic finance in Europe," Chapters, in: M. K. Hassan & Paolo Biancone & Aishath Muneeza (ed.), Islamic Finance in Eurasia, chapter 1, pages 7-27, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22161_1
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781035308705.00009
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:22161_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.