Islamic Banking

Philip Molyneux () and Munawar Iqbal
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Munawar Iqbal: Islamic Research and Training Institute, Islamic Development Bank

Chapter 6 in Banking and Financial Systems in the Arab World, 2005, pp 146-173 from Palgrave Macmillan

Abstract: Abstract The Arab world has been the cradle of Islamic banking and there are now around one hundred Islamic banks and financial institutions working in the private sector. Islamic financial principles are nowadays a fast-growing feature of all Arab economies. As such, the aim of this chapter is to highlight the history and features of Islamic banking business and analyze its development.

Keywords: Mutual Fund; Arab World; Gulf Cooperation Council; Islamic Bank; International Account Standard (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-51212-2_6

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DOI: 10.1007/978-0-230-51212-2_6

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