IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-3-031-04162-4_13.html
   My bibliography  Save this book chapter

Islamic Banking and Finance in Africa

In: The Economics of Banking and Finance in Africa

Author

Listed:
  • Amin Karimu

    (University of Cape Town)

  • Samuel Salia

    (De Montfort University)

  • Abdul-Jalil Ibrahim

    (Hamad Bin Khalifa University)

  • Imhotep Paul Alagidede

    (University of the Witwatersrand)

Abstract

This chapter presents a general overview of Islamic banking and finance as an important alternative to conventional banking and finance, due to the experiences of recent financial crisis. There is increasing evidence of some significant difference between the two banking models, particularly their performance under shocks. It is established in the literature that Islamic banking and finance models have higher asset quality and are better capitalized than conventional banking ones, but also less cost-effective. This, among other things, suggests the potential for a diversified banking model for the world. It provides the possibility to leverage on the strength of the two banking and finance models to better accommodate impacts of shocks on the global financial system. The chapter explores the principles and models of Islamic banking and finance, gives an overview of Islamic banking and finance in Africa and discusses the opportunities and challenges of Islamic banking.

Suggested Citation

  • Amin Karimu & Samuel Salia & Abdul-Jalil Ibrahim & Imhotep Paul Alagidede, 2022. "Islamic Banking and Finance in Africa," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Joshua Yindenaba Abor & Charles Komla Delali Adjasi (ed.), The Economics of Banking and Finance in Africa, chapter 0, pages 431-451, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-031-04162-4_13
    DOI: 10.1007/978-3-031-04162-4_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-3-031-04162-4_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.