Update and internationalization of the Islamic banking activity

Authors

  • Mariana NEGRUŞ Prof. Ph.D. Faculty of Marketing and International Affaires Spiru Haret University

Keywords:

sharia-compliant assets, Islamic banking system, interest, profit distribution, Islamic bank.

Abstract

The context of the financial crisis started has triggered a flow of funds towards the Islamic financial market, which has turned itself into an alternative to the traditional banking structures.  The paper herein includes: stages in the evolution of the Islamic banks; the Islamic principles and how they referred to the international banking standards; the impact of the informational technology on the funds segregation and diversification of the Islamic financial products for non-Muslim customers. 

References

· Shelagh Hefferman (1996), Modern Banking in Theory and Practices, Edit. John Wiley, New York.

· Catherine Eagleton (2007), Jonathan Williams, Money. A History, The British Museum Press, London.

· Stephen Timwell, Joseph Di Vanna (nov. 2008), Islamic Financial Institutions, The Banker.

· Nabeel Shoaib (2008), The Case for Islamic Banking, „The Banker”, FT, Business, octomber, p. 16-17.

· Joseph Di Vanna (nov. 2008), Investion, Innovation and Implementation, „The Banker”, p. 10-11.

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Published

2011-03-30

How to Cite

NEGRUŞ, M. (2011). Update and internationalization of the Islamic banking activity. Annals of Spiru Haret University. Economic Series, 11(1), 17–24. Retrieved from https://anale.spiruharet.ro/economics/article/view/1112

Issue

Vol. 11 No. 1 (2011)

Section

ACADEMIA PAPERS