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Opportunities in emerging Islamic financial markets

Author

Listed:
  • H. ASKARI

    (The George Washington University)

  • Z. IQBAL

    (The George Washington University)

Abstract

There are more than one billion Muslims in the world and they account for roughly 5 per cent of the world's GNP. Some people estimate that Islamic banking will be responsible for managing up to 50 per cent of savings in the Islamic world within the next five to ten years. Recent developments in Islamic financial markets, including the participation of Western financial institutions, are surveyed.

Suggested Citation

  • H. Askari & Z. Iqbal, 1995. "Opportunities in emerging Islamic financial markets," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 48(194), pages 255-282.
    • Handle: RePEc:psl:bnlaqr:1995:32
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10494/10381
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    References listed on IDEAS

    as
    1. Mr. Abbas Mirakhor & Mr. Mohsin S. Khan, 1991. "Islamic Banking," IMF Working Papers 1991/088, International Monetary Fund.
    2. Abdelhamid Abdouli, 1991. "Access to Finance and Collaterals: Islamic Versus Western Banking فرص الحصول على التمويل وعلاقتها بالرهن والضمانات بين النظامين المصرفيين الإسلامي والغربي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 3(1), pages 55-62, January.
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    Cited by:

    1. Yochanan Shachmurove, 2001. "Dynamic Co-movements of Stock Indices: The Emerging Middle Eastern and the United States Markets," Penn CARESS Working Papers ddffc4204cf90a8523fb64134, Penn Economics Department.
    2. Carlo D'Ippoliti, 2014. "Introduction: welcoming a new editorial board," PSL Quarterly Review, Economia civile, vol. 67(268), pages 3-8.

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    More about this item

    Keywords

    Islamic banking; Islamic financial markets;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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