Finance and development in muslim economies
| Autor: | M. Shahid Ebrahim, Philip Molyneux, Steven Ongena |
|---|---|
| Přispěvatelé: | University of Zurich, Shahid Ebrahim, M |
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Financial system 2002 Economics and Econometrics Capital accumulation Accounting 0502 economics and business Economics Financial services Muslim world 040101 forestry Finance 1402 Accounting 050208 finance business.industry 05 social sciences Islam 04 agricultural and veterinary sciences 10003 Department of Banking and Finance 330 Economics Economy 2003 Finance Financial transaction Capital (economics) Financial crisis 0401 agriculture forestry and fisheries Intermediation business |
| Zdroj: | Journal of financial services research, 2017, Vol.51(2), pp.165-167 [Peer Reviewed Journal] |
| Popis: | The recent trend in the Muslim world towards reinforcing their cultural (i.e., religious) values on their economic policies and institutions has resulted in a roughly $2 trillion Islamic financial services industry. This industry is quite resilient and growing at a large rate even at a time when conventional banks were failing in the recent financial crisis. Financial systems play a vital role in advancing intermediation by mitigating market frictions, facilitating efficient investment decisions, allocating scarce capital and conveying financial transactions. This, in turn, stimulates capital accumulation decisions and technological innovation that are crucial in delineating a nation’s long-term economic path. A conference was held in Bangor University, Gwynedd, North Wales on September 15, 2014, to critically examine the Islamic financial services industry under the aegis of Bangor University and the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank. The four high-quality papers presented at the conference are featured in this Special Issue of the Journal of Financial Services Research (JFSR). They are categorized into two groups. The first group comprises of a paper studying moral obligations and a firm’s engagement in ethical activities. The remaining three papers study the risk of Islamic banks vis-a-vis conventional banks. These are described below. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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