Papers by Nurulaini Senan
Managerial Finance, Jan 1, 2008
... Iqbal, M. (2001), "Islamic and conventional banking system i... more ... Iqbal, M. (2001), "Islamic and conventional banking system in the nineties: a comparative study",Islamic Economic Studies, Vol. 8 No.2, pp.1-27. ... Kamali, MH (1996), "Islamic commercial law: ananalysis of futures", American Journal of Islamic Social Sciences, Vol. ...
MEDA Project, Jan 1, 2005
Over the last decade, Islamic banking has experienced global growth rates of 10-15 percent per an... more Over the last decade, Islamic banking has experienced global growth rates of 10-15 percent per annum, and has been moving into an increasing number of conventional financial systems at such a rapid pace that Islamic financial institutions are present today in over 51 countries. Despite this consistent growth, many supervisory authorities and finance practitioners remain unfamiliar with the process by which Islamic banks are introduced into a conventional system. This paper attempts to shed some light in this area by describing the main phases in the process, and by flagging some of the main challenges that countries will face as Islamic banking develops alongside conventional institutions.
International Journal of Social …, Jan 1, 2004
By 2003, there was a total of 176 Islamic banks around the globe with their total assets close to... more By 2003, there was a total of 176 Islamic banks around the globe with their total assets close to $147 billion. This article shows that this form of specialized banking may help in promoting growth in these developing economies. During the transition phase of a developing growth economy to a full fledged market based economy many structural changes are required in its financial institutions, especially since the role of a financial intermediary in supplying funds to growing new industries is crucial. At the same time, the potential for destabilization resulting from improper resource allocation, due to either faulty risk assessment or the design of the contract, could be significant. Also, this article examines the implementation of an Islamic banking system and how Islamic banks can provide liquidity and aid in the money creation process through offering transactions accounts with compensation for inflation to risk-avoiding depositors.
International Journal of Islamic Financial Services, Jan 1, 2002
Asian‐Pacific Economic Literature, Jan 1, 1988
Finance and Development, Jan 1, 2005
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Papers by Nurulaini Senan