Islamic Banking and Finance in Africa

Amin Karimu (), Samuel Salia (), Abdul-Jalil Ibrahim () and Imhotep Alagidede ()
Additional contact information
Amin Karimu: University of Cape Town
Samuel Salia: De Montfort University
Abdul-Jalil Ibrahim: Hamad Bin Khalifa University

Chapter Chapter 13 in The Economics of Banking and Finance in Africa, 2022, pp 431-451 from Palgrave Macmillan

Abstract: Abstract This chapter presents a general overview of Islamic banking and finance as an important alternative to conventional banking and finance, due to the experiences of recent financial crisis. There is increasing evidence of some significant difference between the two banking models, particularly their performance under shocks. It is established in the literature that Islamic banking and finance models have higher asset quality and are better capitalized than conventional banking ones, but also less cost-effective. This, among other things, suggests the potential for a diversified banking model for the world. It provides the possibility to leverage on the strength of the two banking and finance models to better accommodate impacts of shocks on the global financial system. The chapter explores the principles and models of Islamic banking and finance, gives an overview of Islamic banking and finance in Africa and discusses the opportunities and challenges of Islamic banking.

Keywords: Islamic Finance; Islamic Banking; Africa (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-031-04162-4_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031041624

DOI: 10.1007/978-3-031-04162-4_13

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().