Book Review: Thirty Years of Islamic Banking: History, Performance and Prospects, by: MUNAWAR IQBAL and PHILIP MOLYNEUX, Reviewed by: ABDELKADER CHACHI مراجعة علمية لكتاب: ثلاثون عاما من الأعمال المصرفية الإسلامية: التاريخ والأداء والتوقعات - تأليف: منور إقبال ، فيليب مولينيو - مراجعة: عبدالقادر شاشي

Abdelkader Chachi ()
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Abdelkader Chachi: Islamic Economics Research Centre , King Abdulaziz University, Jeddah, Saudi Arabia.

No 290, Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics. from King Abdulaziz University, Islamic Economics Institute.

Abstract: Thirty years ago, Islamic banking was unheard of. It was considered as, mentioned by the authors, as wishful thinking (p.ix). It is only in the early 1970s, and especially after the launch of the First International Conference on Islamic Economics organized by King Abdulaziz University in Makkah, Saudi Arabia and the establishment of the first commercial Islamic Bank, Dubai Islamic Bank (DIB) in the United Arab Emirates followed by the establishment of the international Islamic Development Bank (IDB) in Jeddah, Saudi Arabia and the many private and semi-private commercial Islamic banks that were established after that in Egypt, Sudan, Kuwait, Bahrain, etc. that Islamic banking established itself not only as a feasible and viable alternative of financial intermediation but also as an efficient and productive way of undertaking financial intermediation between surplus and deficit economic units.

Pages: 0 pages
Date: 2006-01
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Published in the Journal of King Abdulaziz University: Islamic Economics, Volume: 19, Issue: 1

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Persistent link: https://EconPapers.repec.org/RePEc:abd:jkaubr:290

DOI: 10.4197/islec.19-1.3

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