Chapter Opportunities and barriers to the development of Islamic banking in the global economy
Islam is one of the largest religion in the world, from which the genesis of Islamic banking derives. The main set of the rules and norms that define all aspects of Muslim life is Sharia. Islamic financial institutions operate according to the principles of Shariah. The purpose of this article is t...
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| Materiálatiipa: | Online |
| Giella: | polskagiella |
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Wydawnictwo Uniwersytetu Łódzkiego
2025
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| Liŋkkat: | ONIX_20250307_9788382208146_1463 |
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| _version_ | 1869516349822205952 |
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| author | Melon, Patrycja |
| author_browse | Melon, Patrycja |
| author_facet | Melon, Patrycja |
| author_sort | Melon, Patrycja |
| collection | Directory of Open Access Books |
| description | Islam is one of the largest religion in the world, from which the genesis of Islamic banking derives. The main set of the rules and norms that define all aspects of Muslim life is Sharia. Islamic financial institutions operate according to the principles of Shariah. The purpose of this article is to characterize Islamic banking: foundations, financing methods and to define opportunities and threats associated with the development of Islamic banking in the global economy. Islamic banking is based on certain principles. The most important principle is the prohibition of riba, meaning the inability to collect interest on loans. Business entities are also not allowed to engage in speculative operations and anti-social investments. The article presents the main instruments of Islamic banking: mudaraba, musharaka and murabaha. Interest in Islamic banking has increased over the decade. However, it is still a small sector in the global economy. |
| format | Online |
| id | doab-20.500.12854ir-155813 |
| institution | Directory of Open Access Books |
| language | pol |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Wydawnictwo Uniwersytetu Łódzkiego |
| publisherStr | Wydawnictwo Uniwersytetu Łódzkiego |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1558132025-03-07T14:38:25Z Chapter Opportunities and barriers to the development of Islamic banking in the global economy Melon, Patrycja Islam is one of the largest religion in the world, from which the genesis of Islamic banking derives. The main set of the rules and norms that define all aspects of Muslim life is Sharia. Islamic financial institutions operate according to the principles of Shariah. The purpose of this article is to characterize Islamic banking: foundations, financing methods and to define opportunities and threats associated with the development of Islamic banking in the global economy. Islamic banking is based on certain principles. The most important principle is the prohibition of riba, meaning the inability to collect interest on loans. Business entities are also not allowed to engage in speculative operations and anti-social investments. The article presents the main instruments of Islamic banking: mudaraba, musharaka and murabaha. Interest in Islamic banking has increased over the decade. However, it is still a small sector in the global economy. 2025-03-07T14:38:23Z 2025-03-07T14:38:23Z 2022 chapter ONIX_20250307_9788382208146_1463 9788382208146 9788381428552 https://directory.doabooks.org/handle/20.500.12854/155813 pol image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://www.press.uni.lodz.pl/index.php/wul/catalog/book/664 Wydawnictwo Uniwersytetu Łódzkiego 10.18778/8142-855-2.14 Islam is one of the largest religion in the world, from which the genesis of Islamic banking derives. The main set of the rules and norms that define all aspects of Muslim life is Sharia. Islamic financial institutions operate according to the principles of Shariah. The purpose of this article is to characterize Islamic banking: foundations, financing methods and to define opportunities and threats associated with the development of Islamic banking in the global economy. Islamic banking is based on certain principles. The most important principle is the prohibition of riba, meaning the inability to collect interest on loans. Business entities are also not allowed to engage in speculative operations and anti-social investments. The article presents the main instruments of Islamic banking: mudaraba, musharaka and murabaha. Interest in Islamic banking has increased over the decade. However, it is still a small sector in the global economy. 10.18778/8142-855-2.14 83bfe9c9-323d-4283-b087-d859fd9af314 9788382208146 9788381428552 149-161 open access |
| spellingShingle | Melon, Patrycja Chapter Opportunities and barriers to the development of Islamic banking in the global economy |
| title | Chapter Opportunities and barriers to the development of Islamic banking in the global economy |
| title_full | Chapter Opportunities and barriers to the development of Islamic banking in the global economy |
| title_fullStr | Chapter Opportunities and barriers to the development of Islamic banking in the global economy |
| title_full_unstemmed | Chapter Opportunities and barriers to the development of Islamic banking in the global economy |
| title_short | Chapter Opportunities and barriers to the development of Islamic banking in the global economy |
| title_sort | chapter opportunities and barriers to the development of islamic banking in the global economy |
| url | ONIX_20250307_9788382208146_1463 |
| work_keys_str_mv | AT melonpatrycja chapteropportunitiesandbarrierstothedevelopmentofislamicbankingintheglobaleconomy |