An Analysis of Development on Global Islamic Banking Products and Services
Journal Title: International Journal of Social Science And Human Research - Year 2024, Vol 7, Issue 10
Abstract
Islamic banking, or, in its broader definition, Islamic finance, is a sector gradually developing as an application area of alternative finance. This study explains the basic principles of Islamic banking, historical development globally, and leading products and services. The primary aim of this paper is to analyze the distribution of products and services. The study includes 18 countries' product distribution and preferences. The results show that the sector prefers intensively less risky areas (murabahah, ijarah) despite the increasingly developing and diversified products and services. While this attitude increases the sector's resilience, it also shows that the methods (musharakah, mudarabah, etc.) by which resources are transferred to production and the real economy must be developed.
Authors and Affiliations
Tuğba Demirtaş
Standardized Lecturers at University in the Context of Industrial Revolution 4.0: Highlights and Points Needing Improvement
Industrial Revolution 4.0 has had a significant impact on our lives, which motivates the education sector to train human resources to adapt to society according to new trends. That is why universities always strive to im...
An Auto Regressive Distributed Lag (ARDL) Approach to Understanding the Impact of Agriculture, Industry, and the Service Sector on GDP in Bangladesh
The agriculture, industry, and service sectors are the three main sectors of Bangladesh's economy. Using the ARDL model, this study experimentally investigated the short-term and long-term effects of these three sectors...
The Leadership School Principal in the Implementation of Local Character Education
The purpose of this study is to describe the leadership of school principals in the implementation of local character education in Harapan Bangsa Kindergarten. This research uses a qualitative method. Data collection in...
The Impact of Internal Control Mechanisms on Fraud Detection and Prevention in Nigeria Deposit Money Banks
This study examined and assessed the impact of internal control mechanisms on fraud detection and prevention in Nigeria's deposit money banks. Specifically, the study evaluated the impact of control environment risk asse...
The Role of Work Placement and Scholarship Program on Employee Performance through Employee Job Satisfaction in APP Sinarmas Java Island Employee
Every company will try to improve the performance of employees so that company goals are achieved. The APPSinarmas Scholarship is one of the scholarships that provides comprehensive funding to create reliable human resou...