Islamic Banking in the European Union Countries
Islamic Banking in the European Union Countries
Author(s): Iwona SobolSubject(s): National Economy, Supranational / Global Economy, Public Law, Islam studies, Government/Political systems, EU-Accession / EU-DEvelopment, Socio-Economic Research, Geopolitics
Published by: Exeley Inc.
Keywords: Islamic banking; non-interest banking; European Union; sharia; United Kingdom;
Summary/Abstract: In the 1970s Islamic financial system based on religious belief emerged in some of Muslim countries. The purpose of the Islamic financial system is just like in the case of the conventional one, to facilitate the smooth flow of funds between savers and investors. The aim of this paper is to analyse the opportunities and challenges for development of Islamic banking in the European Union countries.
Journal: European Integration Studies
- Issue Year: 9/2015
- Issue No: 1
- Page Range: 184-197
- Page Count: 14
- Language: English
