The rise of Islamic banking system
Joint Authors
Source
Academic Journal of Legal and Political Research
Issue
Vol. 5, Issue 2 (30 Sep. 2021), pp.54-66, 13 p.
Publisher
Amar Telidji University of Laghouat Faculty of Law and Political Science
Publication Date
2021-09-30
Country of Publication
Algeria
No. of Pages
13
Main Subjects
Topics
Abstract EN
The Islamic Bank is seen as an alternative to Western banking models.
It is a system that provides services - mainly based on the operations of Murabaha, speculation and participation, and prohibits all types of usury - as it is the backbone of the widely accepted Islamic banking system and an attractive sector for Muslim and non - Muslim investors.
In theory, Islamic finance is resilient to shocks because of its focus on risk-sharing, risk reduction and strong engagement with real activities.
However, empirical evidence of the stability of Islamic banks has so far varied.
Although these banks face risks similar to those faced by traditional banks, they are also exposed to their own qualitative risks.
American Psychological Association (APA)
Hishur, Ahmad& Taitus, Fathi. 2021. The rise of Islamic banking system. Academic Journal of Legal and Political Research،Vol. 5, no. 2, pp.54-66.
https://search.emarefa.net/detail/BIM-1262910
Modern Language Association (MLA)
Hishur, Ahmad& Taitus, Fathi. The rise of Islamic banking system. Academic Journal of Legal and Political Research Vol. 5, no. 2 (Sep. 2021), pp.54-66.
https://search.emarefa.net/detail/BIM-1262910
American Medical Association (AMA)
Hishur, Ahmad& Taitus, Fathi. The rise of Islamic banking system. Academic Journal of Legal and Political Research. 2021. Vol. 5, no. 2, pp.54-66.
https://search.emarefa.net/detail/BIM-1262910
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1262910