Banking Efficiency: Basic Concepts, Forms, and Specificities of Islamic Finance

Monjia Khalfi and Foued Saâdaoui

Chapter 15 in Islamic Accounting and Finance:A Handbook, 2023, pp 431-460 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Islamic finance or Qur’anic finance is an ethical finance based on Sharia, prohibition of riba, prohibition of gharar and maysir, and sharing of losses and profits (3P) because it promotes investment in licit sectors. And, it prohibits investment in illicit sectors. These principles are the main pillars of Islamic banking governance. In this context and given the interest of Quranic finance in this chapter, we sought to highlight the theoretical foundations relating to the notion of efficiency in general and more particularly of its specificity on Islamic finance since the latter has occupied more and more a rather important place in scientific research. We then presented the different forms of banking efficiency. Finally, we presented Islamic banking governance, risk management within Islamic banks, and governance of these banks.

Keywords: Islamic Accounting; Islamic Finance; Islamic Banking; AAOIFI (search for similar items in EconPapers)
JEL-codes: G34 M41 (search for similar items in EconPapers)
Date: 2023
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