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Development of Islamic Finance in Europe and North America : Opportunities and Challenges

Year: 2016

Type: article

Abstract: The aim of this paper is to shade a light on the development of Islamic finance industry in the west. It is observed that Islamic finance industry in the west traced back to the late 1970s and the main reason behind the interest of western countries in Islamic finance is economical. However, there are regulatory, legal, knowledge and social obstacles facing Islamic finance industry in the west. These matters must be resolved to allow Islamic finance industry to flourish in western countries.

Source: International Journal of Islamic Economics and Finance Studies

DOI: 10.12816/0036633

Author: Ahmad Alharbi

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W2588290248

FWCI: 3.862

Cites:

Cited by: 25

Related to: 10