Insight into Prospects of Islamic Banking: from Past to Present

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 demonstra...

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Main Authors: Kļaviņš Kaspars, Abu Al-Haija Elias
Format: Article
Language:English
Published: Sciendo 2016-11-01
Series:Baltic Journal of Real Estate Economics and Construction Management
Subjects:
Online Access:https://doi.org/10.1515/bjreecm-2016-0005
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author Kļaviņš Kaspars
Abu Al-Haija Elias
author_facet Kļaviņš Kaspars
Abu Al-Haija Elias
author_sort Kļaviņš Kaspars
collection DOAJ
description 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.
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spelling doaj.art-a6bf1b3301334c72a9457b1d81a1df9b2022-12-21T23:56:02ZengSciendoBaltic Journal of Real Estate Economics and Construction Management2255-96712016-11-0141616810.1515/bjreecm-2016-0005Insight into Prospects of Islamic Banking: from Past to PresentKļaviņš Kaspars0Abu Al-Haija Elias1Riga Technical University, LatviaEmirates College of Technology, United Arab EmiratesIslamic 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.https://doi.org/10.1515/bjreecm-2016-0005alternativefinancial crisisribasocial security
spellingShingle Kļaviņš Kaspars
Abu Al-Haija Elias
Insight into Prospects of Islamic Banking: from Past to Present
Baltic Journal of Real Estate Economics and Construction Management
alternative
financial crisis
riba
social security
title Insight into Prospects of Islamic Banking: from Past to Present
title_full Insight into Prospects of Islamic Banking: from Past to Present
title_fullStr Insight into Prospects of Islamic Banking: from Past to Present
title_full_unstemmed Insight into Prospects of Islamic Banking: from Past to Present
title_short Insight into Prospects of Islamic Banking: from Past to Present
title_sort insight into prospects of islamic banking from past to present
topic alternative
financial crisis
riba
social security
url https://doi.org/10.1515/bjreecm-2016-0005
work_keys_str_mv AT klavinskaspars insightintoprospectsofislamicbankingfrompasttopresent
AT abualhaijaelias insightintoprospectsofislamicbankingfrompasttopresent