Islamic Banking

Paper Summary:

This paper considers whether the move to the Islamic banking market is viable for financial institutions. Included is an examination of the differences between Islamic banking rules and western rules, the potential size of the market, examples of successful Islamic financial institutions and the factors that contribute to the success of these institutions. Success factors including corporate culture, marketing considerations as well as financial issues are also explored to determine whether this market is a viable one for western financial institutions.

Table of Contents
Chapter One
Introduction
Background
Statement of the Problem
Definition of Terms
Purpose of the Study
Significance of the Study
Scope of the Study
Limitations of the Study
Research Questions
Overview of the Study
Chapter Two
Review of Related Literature
Western Banking Systems
The Sharia and Financial Transactions
Islamic Financial Institutions
Analysis of the Islamic Financial Market
Western Financial Institutions in the Islamic Sector
External Considerations
Chapter Three
Methodology
Research Design and Approach
Population and Sample
Calculation and Tabulation of Data
Data Analysis Procedures
Reliability and Validity of the Data
Chapter Four
Analysis of the Data
Chapter Five
Summary, Conclusions and Recommendations
Summary
Conclusions
Recommendations
Works Cited

From the Paper:

"This way of using the language significantly distinguishes savings and loan associations from the activities that are undertaken by the commercial banks (Lawai, 1994; Bakar, 1999; Gambling, 1978). Credit unions also have various features that distinguish them in many ways from the more standard banks and from the savings and loan associations as well (Davidson, 1998). Concerning credit unions, it has been said that "like the savings associations, credit unions have traditionally been limited by statute to involvement in noncommercial deposit and consumer lending activities. However, while the savings associations have tended to expand their activities to the point where they may rival commercial banks in the offering of certain types of products and services in certain geographic markets, credit unions have to a greater extent maintained their original role. They specialize in providing more modest financial services to member/customers delineated in relatively narrow terms" (Maududi, 1975)."

More papers on Islamic Banking:

• Comparison Essay # 66663 : "Islamic Banking - Religion as an Excuse"
• Research Paper # 27951 : "Islamic Banking"
• Analytical Essay # 129040 : "Transformation into Islamic Banking"

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