Major Islamic banking products and markets: a preliminary analysis
Mohamed Ariff and
Meysam Safari ()
Chapter 11 in Risk and Regulation of Islamic Banking, 2014, pp 179-205 from Edward Elgar Publishing
From a single product offering in 1963, the Islamic financial services industry has grown to an estimated $1.6 trillion in assets. Products must comply with profit and risk-sharing criteria and regulations preventing banks from venturing into activities with high risk and excessive uncertainty. This timely volume analyses these matters and considers the range of new products, discussing both conceptual and practical dimensions. It connects Islamic finance to the mainstream theoretical literature on financial intermediation while also exploring its differences. The expert contributors also examine why an ethical foundation is important and why the system requires well-thought-out regulations to ensure outcomes that protect the community’s well-being.
Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:15843_11
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