Islamic banking development in GCC region on the examples of the Kingdom of Saudi Arabia and the United Arab Emirates

Iwona Sobol , Gabriela Mieczkowska

Abstract

The purpose of this chapter is to present and clarify routes of Islamic banking development in the Gulf region on the example of the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE). The countries’ Islamic banking market financial picture is presented against conventional banking development in the region. Further perspectives for development of the industry in the region are also indicated, including factors negatively influencing possible future growth. Although Gulf region is being perceived as the origin of whole Islamic finance industry, there are still some factors working against the development of Islamic banking there. The chapter presents also a short introduction to Islamic banking principles, giving theoretical setup onto further analysis.
Author Iwona Sobol (FE / IIB)
Iwona Sobol,,
- Institute of International Business
, Gabriela Mieczkowska
Gabriela Mieczkowska,,
-
Pages207-222
Publication size in sheets0.75
Book Gardocki Sylwester, Ożarowski Rafał, Ulatowski Rafał (eds.): The Islamic world in international relations, Studies in Politics, Security and Society, no. 24, 2019, Peter Lang Publishing Group, ISBN 978-3-631-78566-9, [978-3-631-78675-8, 978-3-631-78676-5, 978-3-631-78677-2], 290 p., DOI:10.3726/b15483
Keywords in English Islamic banking, GCC region, Saudi Arabia, United Arab Emirates, future of Islamic banking
Languageen angielski
Score (nominal)20
Score sourcepublisherList
ScoreMinisterial score = 20.0, 28-01-2020, MonographChapterAuthor
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