Volker Nienhaus: Profitability of Islamic PLS Banks Comparing with Interest Banks, Comments: M.N. Siddiqi فولكر نبنهاوس: ربحية البنوك الإسلامية في المصارف مقارنة مع البنوك ذات الاهتمام - تعليق: محمد نجاة الله صديقي

M.N. Siddiqi ()
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M.N. Siddiqi: International Centre for Research in Islamic Economics King Abdulaziz University, Jeddah, Saudi Arabia

Journal of Research in Islamic Economics, 1983, vol. 1, issue 1, 51-55

Abstract: Dr. Nienhaus notes that whereas the bulk of the literature on Islamic interest-free banking assumes an economy from which interest has been completely abolished, existing Islamic banks have actually to operate in an interest-based system in competition with interest-based banks. This being the case, the above-mentioned literature `hardly can help to describe and analyse the situation, problems and prospects' of these banks. Then he notes the `ambitious anticipations' of the advocates of Islamic banking who hope that "the Islamic banks will turn out to be so successful in economic terms, i.e., so profitable for capital owners as well as depositors and without any adverse (but a number of beneficial) effects for the funds demanding entrepreneurial partners of the banks, that (in the long run) everybody will turn away from interest banks and towards Islamic banks". --

Date: 1983
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