Islamic banking and finance: between ideals and realities. Journal of Economics and Management, 15 (2). pp. 1-19. ISSN 2462-1420 (2007)
Abstract
Islamic banking and finance as an industry is growing at an unprecedented rate. Currently, there are about 270 Islamic banks worldwide with a market capitalization in excess of US$13 billion. The assets of Islamic banks worldwide are estimated at more than US$265billion and financial investments are above US$400 billion. Islamic bank deposits are estimated at over US$202 billion worldwide with an average growth of between 10 and 20 percent. Furthermore, Islamic bonds are currently estimated at around US$30 billion. In addition, Islamic equity funds are estimated at more than US$3.3 billion worldwide with a growth of more than 25 percent over seven years and the global Takaful premium is estimated at around US$2 billion.
| Item Type: | Article |
|---|---|
| Keywords: | Islamic banking, Islamic finance, Profit and loss sharing |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Customer Services By Niche > Islamic Banking > Banks and Banking > Finance By Niche > Islamic Banking > Banks and Banking > Religious Aspects |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 21 Jun 2023 07:19 |
| Last Modified: | 21 Jun 2023 07:19 |
| Related URLs: |
Actions (login required)
 |
View Item |