Balancing Islamic and Conventional Banking for Economic Growth [electronic resource] : Empirical Evidence from Emerging Economies /
USTAOĞLU, Murat.editor.
İNCEKARA, Ahmet.editor.
This Palgrave Pivot empirically analyzes the role of conventional and interest-free Islamic banking in the growth process of developing Islamic nations. After explaining the theoretical background of this dual banking system structure, the book then empirically analyzes growth in a variety of sectors - such as agriculture, manufacturing, and tourism - in the predominantly Muslim countries of Turkey, Malaysia, Indonesia, and Qatar. Finally, the book concludes with a detailed comparison of policy efficiency surrounding the dual bank structure, providing advice from more successful countries that can be applied to those still struggling to find a balance.
Includes index.
1. Introduction -- 2. Dual Banking Systems’ Dynamics and a Brief Development History of Islamic Finance in Select Emerging Islamic Economies -- 3. Financing Economic Growth in Emerging Economies: A Theoretical Approach -- 4.The Turkish Economy and Financing Growth by Dual Banking: Empirical Evidence -- 5. Financing Economic Growth by Dual Banking in Malaysia: Empirical Evidence -- 6. A Quantitative Reassessment of the Dual Banking-Growth Nexus in Indonesia: Comparative Analysis -- 7. Economic Development and Financing Growth in a Hydrocarbon Economy: Qatar -- 8. Findings and Conclusion. .
This Palgrave Pivot empirically analyzes the role of conventional and interest-free Islamic banking in the growth process of developing Islamic nations. After explaining the theoretical background of this dual banking system structure, the book then empirically analyzes growth in a variety of sectors - such as agriculture, manufacturing, and tourism - in the predominantly Muslim countries of Turkey, Malaysia, Indonesia, and Qatar. Finally, the book concludes with a detailed comparison of policy efficiency surrounding the dual bank structure, providing advice from more successful countries that can be applied to those still struggling to find a balance.
Finance, Public—Islamic countries.
Banks and banking.
Economic development projects—Finance.
Economic growth.
Islamic Finance.
Banking.
Development Finance.
Economic Growth.