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ISLAMIC BANKING SYSTEM. THE CASE OF THE KINGDOM OF SAUDI ARABIA

Mirela Nichita (), Meral Kagitci and Marcel Vulpoi ()
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Marcel Vulpoi: Bucharest University of Economic Studies

Romanian Economic Business Review, 2013, vol. 8, issue 3.1, 211-226

Abstract: As know already for the past 15 years, despite of the global financial crisis Saudi Arabia is one of the world's fastest growing banking markets. This can only mean that the commercial banks that are operating in this environment have an advantage due to their position within the Kingdom of Saudi Arabia and are likely to be more efficient in the near future then their European counterparts As it was expected, due to their atypical growth during the financial turmoil, many researches have been done in this context on a regular basis, to outline the factors contributing to this unusual situation. These researches now represent the basis for governments, economists and other users in fetching the information on the current and future scenario of the banking sector of this country. We have focused on this issue in order to evaluate the different factors affecting its growth, and to know their impact on the economy of the Kingdom, and how the future is envisaged based on the current growth patterns of the industry.

Keywords: Islamic banking; interest risk; profitability; banking control regulation (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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