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Introducing Islamic Banks into Coventional Banking Systems

Author/Editor: Sole, Juan
Authorized for Distribution: July 1, 2007
Electronic Access: Free Full Text (PDF file size is 457KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: 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.
 
Series: Working Paper No. 07/175
Subject(s): Working Paper | Islamic banking | Bank supervision | Financial systems | Financial institutions
Author's keyword(s): Islamic Banking and Finance | Supervision
 
English  
    Published:   July 1, 2007        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA2007175   Pages:   26
    Price:   US$18.00 (Academic Rate: US$18.00)
       
     
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