Innovation is needed in Islamic banking. [Newspaper] (2020)
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Abstract
Transformation away from debt to risk-sharing finance is needed if the IBF industry is to rejuvenate itself and survive long term. THE days when Islamic banking and finance (IBF) as a sector grew exponentially at rates exceeding 20% seem to be long gone.According to the Islamic Financial Services Board’s (IFSB) latest report for 2019, Islamic banking globally grew at a pathetic 0.9% while Takaful at 4.3% (2018). Two recent reports on the global prospects for sukuk by Standard & Poor’s (S&P) Ratings Services and Moody’s Investors Service point to a decline in issuance volume this year.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Islamic banking, Sukuk, Debt-based banking, Risk-sharing finance, Maqasid shariah |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Finance By Niche > Islamic Banking > Banks and Banking > Government Policy By Niche > Islamic Banking > Banks and Banking > Research |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 24 Nov 2023 08:44 |
| Last Modified: | 24 Nov 2023 08:44 |
| Related URLs: |
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