Pregled bibliografske jedinice broj: 1220992
The Core Principles of Islamic Banking
The Core Principles of Islamic Banking // IRASA International Scientific Conference SCIENCE, EDUCATION, TECHNOLOGY AND INNOVATION SETI IV 2022 Book of Abstracts / Ristić, Vladica ; Maksin, Marija ; Bošković, Jelena (ur.).
Beograd: IRASA – International Research Academy of Science and Art, 2022. str. 72-72 (predavanje, međunarodna recenzija, sažetak, stručni)
CROSBI ID: 1220992 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
The Core Principles of Islamic Banking
Autori
Fotova Čiković, Katerina
Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, stručni
Izvornik
IRASA International Scientific Conference SCIENCE, EDUCATION, TECHNOLOGY AND INNOVATION SETI IV 2022 Book of Abstracts
/ Ristić, Vladica ; Maksin, Marija ; Bošković, Jelena - Beograd : IRASA – International Research Academy of Science and Art, 2022, 72-72
ISBN
978-86-81512-06-7
Skup
International Scientific Conference Science, Education, Technology and Innovation (SETI IV 2022)
Mjesto i datum
Beograd, Srbija, 30.09.2022. - 01.10.2022
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Islamic banking ; banking ; shariah ; conventional banking
Sažetak
Islamic banking has been introduced five decades ago and in 2020, it has reached over 2.5 trillion USD in total assets. Even though it is still considered to be regional in terms of market share and size, it is assumed that it currently accounts for around 6% of the global banking market. It has one key characteristic that distinguishes it from conventional banking, and that is the principle of non-payment of interest (Shariá). In Islam, giving and taking interest are strictly forbidden. The way Islamic Banking and Finance (IBF) work is that the Islamic banks engage in a different kind of financial intermediation, i.e. they do not charge interest for loans, but rather participate in the profit sharing (profit-and-loss sharing - PLS paradigm). Therefore, the risks of Islamic banking are considered to be higher than those of conventional banks. The aim of this paper is to present and provide a theoretical background to the characteristics, risks and core principles of Islamic banking, and to investigate to what extent Islamic Banking differs from conventional banking. Moreover, this paper will give insights into the historical development of the Islamic banking industry and represents an incentive to other scholars to look into this issue and research area in their future work.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
