Islamic Financial Markets (RLE Banking & Finance)

When it was originally published this volume was the first comprehensive survey of the experience of Islamic banking throughout the Muslim world in Turkey, Egypt, Kuwait, Jordan, Sudan, iran, Pakistan and Saudi Arabia. Drawing comparisons between the countries in economic terms, it shows that the success of Islamic banks to a large extent reflects the immediate political environment. The complete Islamization of the financial systems of the more fundamentalist countries of Iran and Pakistan is compared with the divide between conventional interest-based systems and the new Islamic banks in Kuwait, Turkey, Egypt, Sudan and Jordan. Islamic Financial Markets explores both international Islamic finance and the national markets in which Islamic banks operate, raising for the first time the issue of competition in Islamic banking. It also looks to the future, to retail development and wholesale possibilities which seem to be the next step forward in Islamic finance.

Auteur

Multivolume collection by leading authors in the field

Contenu

List of Tables. List of Figures. Introduction. 1. Retail development and wholesale possibilities 2. Competition in Islamic Banking 3. Turkey: Islamic banking in a Secularist Context 4. Egypt: An Evaluation of the major Islamic Banks 5. Sudan: The Role of the Faisal Islamic Bank 6. Jordan: The Experience of the Jordan Islamic Bank 7. Kuwait: Islamic Banking for a Consumer Society 8. Iran: The Impact of Islamization on the Financial System 9. Pakistan: Main participants and Final Financial Products of the Islamization process 10. Saudi Arabia: The Islamic Development Bank's Role as a Pan-Muslim Agency. Notes. Index.