Islamic Banking

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Title: Islamic Banking

Essay Details:

Subject: Business

Author: Ernesto E

Date: July 1, 2012

Level: University

Grade: A

Length: 3 / 668

Essay text:

While the historical growth rate is by no means stellar, recent estimates of growth rates of between 15% to 20% have placed this industry among the fastest-growing in the world. However, the industry grows in an environment already saturated with numerous large incumbents whose interest rates currently dictate the Islamic banks’ rates of return. Other key issues include the desirability of Government protection, which has arguments both for and against; and the growing importance of adherence to Islamic principles, which while forging consensus amongst industry practitioners, also sets the industry on a collision course with the regulatory authorities...

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