Islamic Banking and Finance
Mahmoud, Mahmoud (2017)
Haaga-Helia ammattikorkeakoulu
2017
Creative Commons Attribution 1.0 Suomi
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2017113018992
https://urn.fi/URN:NBN:fi:amk-2017113018992
Tiivistelmä
The objective of this research is to introduce the basics principles and concepts of Islamic banking and financial system, also understanding its appearance in non-Muslim countries in order to see the perspectives of Islamic banking in the western market. The main reason of choosing this an interesting topic to explained by rapid growth of Islamic financial institutions in both Muslim and western countries.
Islamic bonds “Sukuk” are considered the most important Islamic financial instruments when discussions come to Islamic finance in general. The main principle that differentiates the Islamic bonds from conventional bonds is that the Islamic bonds are mainly asset-based investment not just asset-backed investment.
This research include introduction of the Islamic Banking and finance system, and main types of contracts of Sharia-based banking and finance. Also examing the risks could be face the Islamic financial institutions in western countries. At this research focused on Islamic bonds (sukuk) which is very important in Islamic finance, because is get bigger than the other Islamic banking products, with an intersting coparison between convetional and Islamic bonds.
The results of this research show that, the Islamic financial institutions started to spread further in Europe and north America. With a big and an important transformation of financial institutions work compred last decade. It means financial authorities and conventional banks of western countries have to be prepared to imprtant innovation and be ready to face some obstacles. Although Islamic banks are more liquid and perform better in one efficienty ratio, conventional banks prevail with respect to profitability, solvency and credit risks.
Academic articales, e-books, web sources and presentions were used as sources to writing this an important research. All the sources are carefully chosen cause of plenty of irrelevant informations about Islamic banking and finance system field.
Islamic bonds “Sukuk” are considered the most important Islamic financial instruments when discussions come to Islamic finance in general. The main principle that differentiates the Islamic bonds from conventional bonds is that the Islamic bonds are mainly asset-based investment not just asset-backed investment.
This research include introduction of the Islamic Banking and finance system, and main types of contracts of Sharia-based banking and finance. Also examing the risks could be face the Islamic financial institutions in western countries. At this research focused on Islamic bonds (sukuk) which is very important in Islamic finance, because is get bigger than the other Islamic banking products, with an intersting coparison between convetional and Islamic bonds.
The results of this research show that, the Islamic financial institutions started to spread further in Europe and north America. With a big and an important transformation of financial institutions work compred last decade. It means financial authorities and conventional banks of western countries have to be prepared to imprtant innovation and be ready to face some obstacles. Although Islamic banks are more liquid and perform better in one efficienty ratio, conventional banks prevail with respect to profitability, solvency and credit risks.
Academic articales, e-books, web sources and presentions were used as sources to writing this an important research. All the sources are carefully chosen cause of plenty of irrelevant informations about Islamic banking and finance system field.