Compatibility Between Objectives and Achievements

Fayaz Ahmad Lone
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Fayaz Ahmad Lone: Prince Sattam Bin Abdulaziz University

Chapter 6 in Islamic Banks and Financial Institutions, 2016, pp 143-156 from Palgrave Macmillan

Abstract: Abstract The information and data collected on the research problem under study through a questionnaire-based survey of the stakeholders in the business of Islamic finance has been presented in the previous chapter. The data were analysed and through the application of statistical tools and a number of conclusions were outlined. The logical inferences drawn have been used to testify the hypothesis formulated for this study. In this chapter we will bring together some important findings and draw some final conclusions. This chapter will also include a number of recommendation as to how it should be possible to improve and strengthen the Riba-free system of Islamic finance and also to overcome the incongruities that currently exist in terms of the compatibility of the objectives and achievements of Islamic finance. A number of suggestions have also been made that will enable Islamic finance to keep pace with the rapid changes taking place worldwide in the financial sector with regard to products and services and the increased use of technology tools in conducting transactions under conditions of Islamic finance.

Keywords: Central Bank; Financial Institution; Banking System; United Arab Emirate; Social Objective (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-51566-7_6

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DOI: 10.1057/9781137515667_6

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