Title: Islamic Finance: Prospects and Significance
Abstract:This paper provides a brief overview of the development, nature, and prospects for Islamic finance. Islamic finance refers to banking, finance, investment, and insurance services that are structured s...This paper provides a brief overview of the development, nature, and prospects for Islamic finance. Islamic finance refers to banking, finance, investment, and insurance services that are structured so as to comply with Islamic law. Initially Islamic finance was limited to retail and commercial banking services. The industry has grown to include a range of investment vehicles as well as religiously approved insurance. Islamic banks now exist in more than sixty countries, and the industry is estimated to be worth over one-trillion dollars.Read More
Publication Year: 2015
Publication Date: 2015-01-29
Language: en
Type: article
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Cited By Count: 3
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