Islamic Banking - An Analytical Study In Its Theoretical Perspective And Indicators To Overcome The Financial Crisis And Spread
Volume 37, Issue 120, Pages 183-200
AbstractIslamic banking is one of the main components of the global Islamic financial system and it is relatively new and cannot be compared to the traditional banking which has a large timing dimension and a wider geographical spread. However, Islamic banking began to develop in its operations and growth rates and spread and it emerged as a dominant industry has the ability to overcome global financial crises. One such crisis was the subprime mortgage crisis in 2008. In Iraq, the experience of Islamic banking, despite its modernity too, but it has evolved in terms of the size of assets and the number of banks. They represent 50% of the market share of Iraqi private banks. This paper in its theoretical framework researched Islamic banking according to its theoretical perspective, characteristics and challenges. The practical framework discussed the analysis of the ability of Islamic banking to overcome financial crises and its growth and spread locally, regionally and globally.ً .
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