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An Overview of Islamic Banking and Finance in Asia

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  • Akbar Komijani
  • Farhad Taghizadeh-Hesary

Abstract

The Islamic finance industry has grown substantially in Asia over the last 2 decades. The Muslim populations in different Asian countries, especially in Southeast Asia, are increasing. Rapid Muslim population growth and improving living standards may enhance the popularity of Islamic finance as a keen alternative to conventional financing mechanisms. In addition, investors from the Middle East and Asia are increasingly seeking to invest in products that are in line with their religious beliefs.

Suggested Citation

  • Akbar Komijani & Farhad Taghizadeh-Hesary, 2018. "An Overview of Islamic Banking and Finance in Asia," Working Papers id:12880, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12880
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Andreas Jobst, 2007. "The Economics of Islamic Finance and Securitization," IMF Working Papers 2007/117, International Monetary Fund.
    2. Asian Development Bank Institute, 2017. "Asia Bond Monitor - September 2015," Working Papers id:11861, eSocialSciences.
    3. Mr. Alfred Kammer & Mr. Mohamed Norat & Mr. Marco A. Piñón-Farah & Mr. Ananthakrishnan Prasad & Mr. Christopher M Towe & Mr. Zeine Zeidane, 2015. "Islamic Finance: Opportunities, Challenges, and Policy Options," IMF Staff Discussion Notes 2015/005, International Monetary Fund.
    4. Robert C. Merton, 2005. "Theory of rational option pricing," World Scientific Book Chapters, in: Sudipto Bhattacharya & George M Constantinides (ed.), Theory Of Valuation, chapter 8, pages 229-288, World Scientific Publishing Co. Pte. Ltd..
    5. Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "Asia Bond Monitor September 2015," ADB Reports RPS157614-2, Asian Development Bank (ADB).
    6. Alfred Kammer & Mohamed Norat & Marco Pinon & Ananthakrishnan Prasad & Christopher M Towe & Zeine Zeidane, 2015. "Islamic Finance; Opportunities, Challenges, and Policy Options," IMF Staff Discussion Notes 15/5, International Monetary Fund.
    7. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
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    Cited by:

    1. Padellini, Mauro, 2022. "Cost coverage in subsistence production and in surplus production," MPRA Paper 113374, University Library of Munich, Germany.

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    More about this item

    Keywords

    Islamic banking; Islamic finance; Muslim finance; Muslim banking; sukuk; mudarabah;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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