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UPDATE AND INTERNATIONALIZATION OF THE ISLAMIC BANKING ACTIVITY

Mariana NEGRUŞ ()
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Mariana NEGRUŞ: Faculty of Marketing and International Affaires

Annals of Spiru Haret University, Economic Series, 2011, vol. 2, issue 1, pages 17-26

Abstract: The context of the financial crisis started has triggered a flow of funds towards the Islamic financial market, which has turned itself into an alternative to the traditional banking structures. The paper herein includes: stages in the evolution of the Islamic banks; the Islamic principles and how they referred to the international banking standards; the impact of the informational technology on the funds segregation and diversification of the Islamic financial products for non-Muslim customers.

Keywords: sharia-compliant assets; Islamic banking system; interest; profit distribution; Islamic bank (search for similar items in EconPapers)
JEL-codes: G15 G21 O53 (search for similar items in EconPapers)
Date: 2011
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