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THE ISLAMIC FINANCIAL INDUSTRY AND MODERN CHALLENGES
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THE ISLAMIC FINANCIAL INDUSTRY AND MODERN CHALLENGES
Annotation
PII
S0321-50750000616-3-1
Publication type
Article
Status
Published
Authors
Alexander O. Filonik 
Edition
Issue №8
Pages
31-37
Abstract
The Islamic financial industry has officially come into being since the beginning of the 70th of the last century. Since that time this sector has managed to create a rather ample niche for its activity in regional finances and entered the world of global investments as well. The Islamic capital got a favourable opportunity to draw attention of the foreign partners and is aimed now at further expansion.This initiative must increase the number of banks and their “windows” in parallel with making both circulation of capital and accumulation of assets more expedite. The more so that this problem has become very important now as there are some points inside the industry that are not closely adjusted to new requirements while other innovations are not met by the Islamic banks in a proper way. Meanwhile their staying behind conventional banks due to the lack of new mechanisms, products and instruments and their relatively weak capability to offer them to the clients may hurtfully hit image of the whole industry and hamper its doing well.
Keywords
The Islamic banking, The Islamic financial industry, financial business, assets, conventional banks, micro-financing, challenges
Date of publication
01.08.2016
Number of purchasers
1
Views
1225
Readers community rating
0.0 (0 votes)
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Additional sources and materials

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 2. Excellence in Islamic business //Business Islamica. Vol. 7, issue 8, DubaiMedia City 2013, p. 18.  
 3. Al-Bayan. 29.10.2014.  
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 5. Bocharova L.S. K voprosu o mikrofinansirovanii v arabskikh stranakh // Lomonosovskie chteniya. Tezisy dokladov nauchnoj konferentsii MGU. M., 2011, s. 144.  
 6. Mukherjee Aparajita. How much of career mapping in Qatar is universally applicable? // Theedge,Qatar's business magazine. Vol. 6, № 4, issue 54, April 2014, p. 61.  
 7. Al-Bayan. 29.10.2014.

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