Insight into Prospects of Islamic Banking: from Past to Present

Open access

Abstract

Islamic banking is one of the alternative financial models of the modern world, which is currently gaining more and more international recognition and reliability both in the East and West. The article reveals separate historical aspects of the genesis of Islamic banking in order to better demonstrate the potential of this financial system now and in the future. The purpose of the research is to highlight the ability of Islamic banking to integrate into the western-dominated economy and society.

References

  • Askari, H., Iqbal, Z., & Mirakhor, A. (2015). Introduction to Islamic Economics: Theory and Application. Singapore: John Wiley & Sons.

  • Augustin, B. D. (2016, May 23). Call for strong Islamic banking rules. Gulf News.

  • Fazlun, M. K., & O’Brien, J. (1992). Islam and Ecology. London: World Wide Fund of Nature.

  • Haron, S., & Nursofiza, W. (2009). Islamic Finance and Banking System. Kuala Lumpur: McGraw- Hill.

  • Hobsbawm, E. (2013). How to Change the World, Tales of Marx and Marxism. London: Abacus. Institute of Islamic Banking and Finance - AIMS UK. (2013). Retrieved from http://www.aims.education/islamic-banking-and-finance-institute/

  • Kassem, M. (2015). Islamic banking assets to reach $1 trillion milestone by end-2015. The National. Retrieved from http://www.thenational.ae/business/banking/islamic-banking-assets-to-reach-1-trillion-milestone-by-end-2015

  • Kļaviņš, K. (2015). The Importance of Islamic Civilization at the Crossroads of European Thinkers: 16th and 17th centuries. Scholarly Papers, 803, 66-78.

  • KT Bank AG (Germany) (n.d.). Retrieved from https://www.kt-bank.de/ueber-uns/kt-bank/

  • Luther, M. (1540). An die Pfarrherrn Wider den Wucher zu predigen. Vermanung D. Martini Luther. Wittemberg: Joseph Klug.

  • Massignon, L. (1963). Opera minora, I. Beirut: Dar Al-Maaref.

  • Montaldo, J. (2009). Lettreouverte aux bandits de la finance. Paris: Albin Michel.

  • Mustafa, H., & Kļaviņš, K. (2015). Muslim Population in Europe: Prospects for Integration. Scholarly Papers, 803, 79-86.

  • Sahm, W. (1912). Beschreibung der Reisen des Reinhold Lubenau, 1. Teil. Königsberg i. Pr.: Kommissions-Verlag von Ferd. Beyers Buchhandlung.

  • The New Testament: Matthew 6:12.

  • The Old Testament: Ezekiel 18:17; Leviticus 25:37.

  • The World Bank. (n.d.). Retrieved from http://data.worldbank.org/

Journal Information

Metrics

All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 31 31 18
PDF Downloads 6 6 3