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Islamic Banking System. The Case Of The Kingdom Of Saudi Arabia

Author

Listed:
  • Mirela Nichita

    (Bucharest University of Economic Studies)

  • Meral Kagitci

    (Bucharest University of Economic Studies)

  • Marcel Vulpoi

    (Bucharest University of Economic Studies)

Abstract

As know already for the past 15 years, despite of the global financial crisis Saudi Arabia is one of the world's fastest growing banking markets. This can only mean that the commercial banks that are operating in this environment have an advantage due to their position within the Kingdom of Saudi Arabia and are likely to be more efficient in the near future then their European counterparts As it was expected, due to their atypical growth during the financial turmoil, many researches have been done in this context on a regular basis, to outline the factors contributing to this unusual situation. These researches now represent the basis for governments, economists and other users in fetching the information on the current and future scenario of the banking sector of this country. We have focused on this issue in order to evaluate the different factors affecting its growth, and to know their impact on the economy of the Kingdom, and how the future is envisaged based on the current growth patterns of the industry.

Suggested Citation

  • Mirela Nichita & Meral Kagitci & Marcel Vulpoi, 2013. "Islamic Banking System. The Case Of The Kingdom Of Saudi Arabia," Romanian Economic Business Review, Romanian-American University, vol. 8(3.1), pages 211-226, September.
    • Handle: RePEc:rau:journl:v:8:y:2013:i:3.1:p:211-226
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    References listed on IDEAS

    as
    1. Pryor, Frederic L., 2007. "The Economic Impact of Islam on Developing Countries," World Development, Elsevier, vol. 35(11), pages 1815-1835, November.
    2. Ahmad, Ziauddin, 1994. "Islamic Banking: State Of The Art," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 2, pages 1-33.
    3. Munawar Iqbal & David T. Llewellyn (ed.), 2002. "Islamic Banking and Finance," Books, Edward Elgar Publishing, number 2499.
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    Cited by:

    1. Wesal M. Aldarabseh, 2019. "The Interest in Islamic Finance Contracts in Saudi Arabia as Viewed by Google Trends," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(9), pages 1-12, September.

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