Islamic Finance in Europe

Mauro, Filippo di; Caristi, Pierluigi; Couderc, Stéphane; Maria, Angela Di; Ho, Lauren; Grewal, Baljeet Kaur; Masciantonio, Sergio; Ongena, Steven; Zaheer, Sajjad

doi:10.2139/ssrn.2251204

Cited by 18 publications

(12 citation statements)

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“…The efficiency of Islamic banks tends to be comparable with that of conventional banks. Many argue that despite differences between the business models of conventional banks and Islamic institutions, at least for the period before the recent global recession, the efficiency of both banking systems was not significantly different (di Mauro et al, 2013). However, the story seems to have changed during the financial crisis.…”

Section: A Efficiency and Profitabilitymentioning

confidence: 99%

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An Overview of Islamic Finance

2015

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Section: A Efficiency and Profitabilitymentioning

confidence: 99%

“…Using the results from a cross-country survey, Song and Oosthuizen (2014) show that, despite considerable progress on the legal and prudential framework of Islamic banking, 36 See Farooq and Zaheer (2015), di Mauro et al, (2013), Beck et al, (2013) and Hasan and Dridi (2011).…”

Section: A Financial Stabilitymentioning

confidence: 99%

An Overview of Islamic Finance

2015

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“…And it can be proven by their inability to stop the practice in its early stages. When governments of other countries needed to save their banks or nationalize them, it caused tremendous financial instability in the US, Europe, and other regions across the globe (Filippo di Mauro, 2013). This lead to a credit crisis that continues to this day; even healthy banks struggle to secure loans.…”

Section: A Subprime Mortgage Crisis Occurred During the Time Point Of...mentioning

confidence: 99%

Overcoming the Global Economic Crisis in The Perspective of Islamic Finance

Siregar,

Rifai,

Mariana

2023

al. kharaj. j. islam. econ. bus.

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This paper makes a connection between the global financial crisis and an Islamic financial model. The goal is to downplay the severity and frequency of the financial crisis by sharing risk among financial participants. This is accomplished through a system of shared credit creation. When purchasing real goods and services from people who have them and need to sell, people are given access to credit that they can use to buy what they need. Both sellers and buyers want to receive delivery of their purchased items, so the system creates economic growth through increased credit availability. Studying Islamic finance literature allows people to explore the possibilities and restrictions of inherited situations. This leads to new financial design solutions for the current financial crisis as well as future financial collapses. It also uses critical thinking and analysis to create new possibilities and constraints in situations. New financial systems should use a business model based on shared profits and losses. This was based on academic studies and doesn’t include any real-world testing. By incorporating Islamic financial principles into business practices, a new financial model could help finance businesses. This alternate system for the banking system could help control our financial system and encourage economic growth through more controlled credit expansion TRANSLATE with x EnglishArabicHebrewPolishBulgarianHindiPortugueseCatalanHmong DawRomanianChinese SimplifiedHungarianRussianChinese TraditionalIndonesianSlovakCzechItalianSlovenianDanishJapaneseSpanishDutchKlingonSwedishEnglishKoreanThaiEstonianLatvianTurkishFinnishLithuanianUkrainianFrenchMalayUrduGermanMalteseVietnameseGreekNorwegianWelshHaitian CreolePersian // TRANSLATE with COPY THE URL BELOW Back EMBED THE SNIPPET BELOW IN YOUR SITE Enable collaborative features and customize widget: Bing Webmaster PortalBack// This page is in English Translate to Indonesian AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBengaliBulgarianCatalanCroatianCzechDanishDutchEnglishEstonianFinnishFrenchGermanGreekGujaratiHaitian CreoleHebrewHindiHungarianIcelandicIndonesianItalianJapaneseKannadaKazakhKhmerKoreanKurdish (Kurmanji)LaoLatvianLithuanianMalagasyMalayMalayalamMalteseMaoriMarathiMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanSimplified ChineseSlovakSlovenianSpanishSwedishTamilTeluguThaiTraditional ChineseTurkishUkrainianUrduVietnameseWelsh Always translate English to IndonesianPRO Never translate English Never translate ejournal.iainpalopo.ac.id

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“…For some observers, establishing Islamic banking and finance in Indonesia was late compared to other Muslim or non-Muslim-majority countries, such as Britain. These countries have established the Islamic finance industry since the 1980s (Di Mauro et al, 2013).…”

Section: Labeling As a Strategymentioning

confidence: 99%

Genealogical Study on the Legitimacy Strategies in the Islamic Banking

Soediro

Kusumawardani²,

Farhan³

2022

muqtasid

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This study aimed to explore legitimacy strategies in Islamic financial institutions andunderstand the process and reason for their shifting over time. A reflective approach was used towards literature data sources and a thematic analysis of interview results. Islamic Banking and financial institutions were seeking a legitimacy strategy by adopting sharia compliance to distinguish them from conventional banks. This study examined the development of Indonesia's Islamic banking and assessed responses from participants with an Islamic banking background. The results showed that the legitimacy strategy of Islamic banking changes over time. Initially, it used labeling, but the stakeholders' pressures and demands have led Islamic banking to change its strategy. It has moved through integrating financial and non-financial performance to a sharia compliance strategy. This study contributes to understanding Islamic banking's legitimacy strategy that has developed over time. Additionally, it helps develop a better legitimacy strategy in line with the future philosophical and ideological basis of Islamicbanking.

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Islamic Finance in Europe

Cited by 18 publications

References 0 publications

An Overview of Islamic Finance

An Overview of Islamic Finance

Overcoming the Global Economic Crisis in The Perspective of Islamic Finance

Genealogical Study on the Legitimacy Strategies in the Islamic Banking

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