The emergence of Islamic banking: development, trends, and challenges

Islamic banks have emerged over the last four decades and witnessed remarkable growth in terms of numbers of new Islamic banks being established all over the world.This expansion is paralleled to an equal high growth in Islamic banking education.There exist various colleges and universities offerin...

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Main Author: Waemustafa, Waeibrorheem
Format: Article
Language:English
Published: International Organization of Scientific Research (IOSR) 2013
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/15269/1/I0726771.pdf
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author Waemustafa, Waeibrorheem
author_facet Waemustafa, Waeibrorheem
author_sort Waemustafa, Waeibrorheem
collection UUM
description Islamic banks have emerged over the last four decades and witnessed remarkable growth in terms of numbers of new Islamic banks being established all over the world.This expansion is paralleled to an equal high growth in Islamic banking education.There exist various colleges and universities offering courses related to Islamic banking and finance.This paper maps the growth and development of Islamic banking industry from 1963 to the 21st century both in terms of education, trend and challenges.This study could provide a systematic documentation of the rapid growth in the Islamic banking industry and able to attract new participants.However, the rapid development in the global financial markets poses various challenges to Islamic banking in the present era. These issues and challenges need to be addressed very carefully in order to sustain the rapid growth it experienced before.This paper highlights the various developments, issues and challenges confronting the Islamic banking to offer recommendations for further improvement.
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spelling uum-152692016-04-19T03:35:25Z https://repo.uum.edu.my/id/eprint/15269/ The emergence of Islamic banking: development, trends, and challenges Waemustafa, Waeibrorheem HG Finance Islamic banks have emerged over the last four decades and witnessed remarkable growth in terms of numbers of new Islamic banks being established all over the world.This expansion is paralleled to an equal high growth in Islamic banking education.There exist various colleges and universities offering courses related to Islamic banking and finance.This paper maps the growth and development of Islamic banking industry from 1963 to the 21st century both in terms of education, trend and challenges.This study could provide a systematic documentation of the rapid growth in the Islamic banking industry and able to attract new participants.However, the rapid development in the global financial markets poses various challenges to Islamic banking in the present era. These issues and challenges need to be addressed very carefully in order to sustain the rapid growth it experienced before.This paper highlights the various developments, issues and challenges confronting the Islamic banking to offer recommendations for further improvement. International Organization of Scientific Research (IOSR) 2013 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15269/1/I0726771.pdf Waemustafa, Waeibrorheem (2013) The emergence of Islamic banking: development, trends, and challenges. IOSR Journal of Business and Management (IOSRJBM), 7 (2). pp. 67-71. ISSN 2278-487X http://doi.org/10.9790/487X-0726771 doi:10.9790/487X-0726771 doi:10.9790/487X-0726771
spellingShingle HG Finance
Waemustafa, Waeibrorheem
The emergence of Islamic banking: development, trends, and challenges
title The emergence of Islamic banking: development, trends, and challenges
title_full The emergence of Islamic banking: development, trends, and challenges
title_fullStr The emergence of Islamic banking: development, trends, and challenges
title_full_unstemmed The emergence of Islamic banking: development, trends, and challenges
title_short The emergence of Islamic banking: development, trends, and challenges
title_sort emergence of islamic banking development trends and challenges
topic HG Finance
url https://repo.uum.edu.my/id/eprint/15269/1/I0726771.pdf
work_keys_str_mv AT waemustafawaeibrorheem theemergenceofislamicbankingdevelopmenttrendsandchallenges
AT waemustafawaeibrorheem emergenceofislamicbankingdevelopmenttrendsandchallenges