Will It Survive? Challenges Faced by Islamic Banking and Finance in Today's World

Will It Survive? Challenges Faced by Islamic Banking and Finance in Today's World. Journal Of Islamic Finance, 7 (1). pp. 58-67. ISSN 2289-2109 (2018)



Abstract

Despite the significant accomplishments made by Islamic banks over the past decades, there are still some notable issues from a marketing of financial services point of view that require attention in order to strengthen their market position relative to their conventional banking counterparts. Based on a review of extant literature this paper submits that with due recognition of the Islamic banks’ peculiar practical and regulatory milieu, financial products development in its entire ramifications is a sine qua non for continuous but sustainable growth of the Islamic banks. This should be complemented by developing a robust legal structure that enhances operational efficiency without infringing on growth potentials.

Item Type: Article
Keywords: Islamic banking, Islamic Finance, Islamic banks
Taxonomy: By Niche > Islamic Banking > Banks and Banking > Finance
Local Content Hub: Niche > Islamic Banking
Depositing User: Ilya Nur Fateen Othman
Date Deposited: 29 Nov 2024 09:22
Last Modified: 29 Nov 2024 09:22
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