We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Islamic Banking and capitalism - Research Paper Example

Comments (0)
These include the development of new financial instruments such as sub-prime loans, hedge funds and others. On a second level, the development of the Internet has had a profound impact with…
Download full paper
Islamic Banking and capitalism
Read TextPreview

Extract of sample
Islamic Banking and capitalism

Download file to see previous pages... First, globalization is commonly seen as an integration of developed and less-developed countries leading to a homogenization of sorts. For instance, the emergence of a middle-class in China and India is often mentioned as an example of globalization homogenizing the world, as is the global reach of brands such as Nike and Ford.
Globalization has also lead to the increasing mobility of the population. This in turn, has sometimes not created homogenization, but differentiation. An example of this would be the development of Islamic finance—financial organizations that are based on Islamic principles rather than capitalist or Western financial models. Analysts generally identify the first of these as “a savings bank based on profit-sharing in the Egyptian town of Mit Ghamr in 1963.” (Ariff, 1988, p. 42) Many significant Islamic financial institutions then developed in the 1970s such as the Dubai Islamic Bank, the Faisal Islamic Bank of Sudan and the Baharain Islamic Bank.
More recently, with the widespread immigration of Muslims to the United States banks such as the Devon Bank in Chicago have developed. Its website describes it in this way: “Devon Bank offers Islamic financing services designed to avoid conventional interest common in traditional banking products.” (http://www.devonbank.com/Islamic/) The emergence of Islamic financial services corporations is an example of globalization leading to leading to more differentiation rather than homogenization.
Throughout the world, and particularly in the United States, it is a new and a different development for there to be financial institutions that offer financial services based on Sharia law (and of course compliant with the legal requirements of their host countries. Devon Bank makes this plain on its homepage: “Our products are created to meet your needs by a staff versed in both U.S. and Islamic legal requirements, and then submitted ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Differences between Islamic Financing Methods and Conventional Financing Methods
The research presents a thorough analysis of the basic difference between Islamic and conventional financing methods through literature analysis and effective research methods. The primary research collected from respondents helped in understanding their views and opinions on Islamic and conventional financing methods.
29 Pages(7250 words)Research Paper
Academic Capitalism
Introduction In the present times, most of the universities are observed to be focused towards involving themselves in ‘market-like’ activities which are often referred as academic capitalism. The colleges as well as universities have been involving themselves in activities through which they can earn revenues through their core educational, research as well as service functions.
12 Pages(3000 words)Research Paper
Islamic Banking Operations and Instruments
This means that banking operations, as all business activities, can be related to the local culture, even if such perspective cannot be fully understood in the context of modern markets. The above view is verified through the following fact: Banks and financial institutions based on Islamic law have been already well established globally even this phenomenon would not be expected in the past.
30 Pages(7500 words)Research Paper
In countries that do not have an Islamic Legal system, disputes related to Islamic financial transactions can lead to outcomes t
Civil law conceptually formulates the general principles by distinguishing substantive rules from the procedural rules; proceeds from abstractions and that are subordinate to the highest rank of a region or a country, and shaped by history it thus incorporates individual variations (Orucu, 6).
4 Pages(1000 words)Research Paper
Muslim Australians in Islamic Banking
The author has under taken a survey with a sample of 300 Muslim Australians who were asked to answer a questionnaire with questions relating to Islamic banking and the respondents' willingness to purchase profit-and-loss sharing Islamic banking products. As the paper progresses, the author gives a brief history and overview of the Islamic financing system, explaining very clearly, the different terminologies used and the concept behind it.
5 Pages(1250 words)Research Paper
Islamic Art
The research essay "Islamic Art" gives a profound analysis of islamic architecture. This paper undertakes a profound analysis of the processes by which the Selimiye Mosque was built, the driving forces that underpinned its construction, the technological advancements that were required for its implementation.
9 Pages(2250 words)Research Paper
Islamic finance
The Islam population across different parts of the globe encouraged the popularity of financial transactions based on the principle of Sharia in Islam
10 Pages(2500 words)Research Paper
Stability between Islamic and Conventional Banking In Relation To Customer Confidence
Besides, it has been also observed that during economic downfall IFIs do not lose their stability rather they have grown rapidly as can be evidenced from the global financial crisis. Moreover, IFIs have also maintained the risk factors efficiently.
9 Pages(2250 words)Research Paper
Islamic finance is structured in a manner that ensures mutual benefits between debtors and creditors. Investment in the Islamic finance is based on the stock market and the real estate. Sukuk have emerged as the most
8 Pages(2000 words)Research Paper
Islamic finance
Secular Islamic modernists and historians view Islamic banking as a recent situation whereas revivalists view it as old as religion as its principles were derived from the Quran. Early
2 Pages(500 words)Research Paper
Let us find you another Research Paper on topic Islamic Banking and capitalism for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us