Globalization of Islamic Finance: Myth or Reality? - 0 views
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The paper addresses various aspects of the globalization of Islamic finance, among others, the issue of the rise of Islamic banking in the West, Islamic jurisprudence and finance, global standards and integration of Islamic finance, and obstacles facing Islamic finance’s integration and growth into the global financial system. One central question asked in this paper is whether the globalization of Islamic finance as a system is even possible
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Even though Islamic finance is growing fast and the absolute value of this sector is close to $1.2 trillion, that is still only about 2% of world GDP. Can Islamic Finance become a global universal alternative to conventional finance?
