TITLE

Now brewing: Islamic finance and takaful in China

AUTHOR(S)
Kirk, Jeffrey
PUB. DATE
October 2013
SOURCE
Journal of Islamic Banking & Finance;Oct-Dec2013, Vol. 30 Issue 4, p41
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
We may be witnessing the seeds of a possible lasting recovery to the global recession. This development presents unique opportunities and challenges to market players; opportunities as to the expansion of finance products and services and challenges in identifying future trends, most profitable sectors and the most effective deployment of capital and expertise. A financial sector which demands attention due to its growth and continuing appeal is Islamic finance. At present, there are more than 300 Islamic banking institutions and over 250 Shariah-compliant funds operating in over 50 countries. The number of such institutions and investment vehicles and the assets held and managed by them are continuing to grow on an almost daily basis. Assets invested in Islamic law-compliant structures are currently (conservatively) estimated as exceeding US$1 trillion globally. This figure is expected to rise, particularly in light of factors such as the recovery from the lingering effects of the global financial crisis, the increase in the flow of petro- dollars and the growth in the GDP of economies in Asia and Africa that have a healthy and expanding appetite for Islamic finance products and services. Indonesia and Malaysia are examples of such states, where GDP expanded by 6.1% and 2.9%, respectively, in the fourth quarter of 2012 over the previous quarter.
ACCESSION #
93667908

 

Related Articles

  • Global Financial Crisis: Islamic Banks versus Conventional Banks. Mossavar-Rahmani, Farhang; Maleki, Hamid // International Research Journal of Applied Finance;Nov2011, Vol. 2 Issue 11, p1434 

    Many studies have suggested that recent global economic crises have negatively impacted the conventional banking systems more than the Islamic banking system. One reason may be the structural differences between the two systems. In this study we briefly compare and contrast the function of both...

  • Islamic banking comes out of its niche. Williams, Jane // INSEAD Knowledge Publications;Nov2011, Vol. 5 Issue 3, p5 

    The article presents the position of Islamic banking amidst the global economic crisis. It describes Islamic banking principles which operate on a profit loss sharing system and which prohibit imposing interests, speculative investments and financing goods or services that are forbidden such as...

  • Interest-free Finances/Islamic Banking: A Contemporary Challenge for Ahlu-l-Kitab (Christians and Jews) and Muslims in Nigeria. Shittu, Huud // Journal of Islamic Banking & Finance;Apr-Jun2014, Vol. 31 Issue 2, p41 

    Interest-free banking has polarized citizenry in Nigeria on the basis of sentiment and ignorance over interest/usury and the policy of the Central Bank of Nigeria (CBN). On this background, this paper examines the challenge of interest-free finance/banking in Nigeria. In achieving this aim,...

  • Financement bancaire islamique : une solution éthique à la crise financière. Hamza, Hichem; Guermazi-Bouassida, Sana // Revue des Sciences de Gestion;2012, p161 

    Islamic finance revealed to be more resistant in the financial crises compared to the conventional one. This article aims to explain the financial system vulnerability and to explore Islamic bank resilience. In one hand, the ethical religious referring of Islamic finance appears to contribute in...

  • Comparative Analysis of Qatari Islamic Banks Performance versus Conventional Banks Before, During and After the Financial Crisis. Elsiefy, Elsayed // International Journal of Business & Commerce;Nov2013, Vol. 3 Issue 3, p11 

    The objective of this study is to provide an empirical assessment of the performance of Islamic banks (IBs) in Qatar in comparison with their conventional counterparts (CBs) over the period 2006-10 using financial ratio analysis. In our analysis we try to address two broad questions. First, have...

  • Promoting Islamic Finance. Hussain, Ishrat // Journal of Islamic Banking & Finance;Jul-Sep2014, Vol. 31 Issue 3, p11 

    Islamic Finance is becoming popular world-wide as it addresses the shortcomings of the conventional system that lead to the financial crises of 2008-2009. However, to make Islamic banking and finance a viable option, certain aspects thereat must be addressed which this article discusses.

  • An Empirical Analysis of the Flow of Islamic Banking and Economic Growth in Bahrain. Tabash, Mosab I.; Dhankar, Raj S. // International Journal of Management Sciences & Business Research;2014, Vol. 3 Issue 1, p96 

    Islamic banking and finance is one of the most rapidly growing segments of the global financial system and was expected to have a significant relationship and contribution towards the economic growth of any country. This paper explores empirically the relationship between the development of...

  • PERFORMANCE OF MARKET DISCIPLINE IN FINANCIAL CRISIS: THE CASE OF ISLAMIC AND LOCAL BANKS IN INDONESIA. Febrian, Erie; Mydin Meera, Ahamed Kameel // Journal of International Finance & Economics;2011, Vol. 11 Issue 1, p30 

    Local banks in Indonesia have less access to the domestic market than do national banks, and therefore are less capable for performing well in a downturn economy, despite the full support from the respective State Government. Meanwhile, Islamic bank's strong reliance on the performance of its...

  • Optimism returns to Islamic banks. Dudley, Dominic // MEED: Middle East Economic Digest;4/24/2009, Vol. 53 Issue 17, p18 

    The article discusses the growth of the Islamic banks. It is stated that despite the global recession the Islamic banks are growing. Islamic banking is part of the global financial industry and the impact of the credit crunch on these banks are indirect. Islamic banks were less exposed to...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics