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The development of offshore financial centres for Islamic finance in the Gulf Cooperation Council: competitive positions and challenges

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dc.contributor.authorBeebee Salma Sairally
dc.contributor.authorShabana Hasan
dc.contributor.authorMarjan Muhammad
dc.date.accessioned2021-10-28T03:50:52Z
dc.date.available2021-10-28T03:50:52Z
dc.date.issued2015
dc.description.abstractWealth in the Gulf Cooperation Council (GCC) has mostly been fuelled by oil and gas revenues. These petrodollar flows have been increasing over the long term particularly with the rising oil prices. Based on average crude oil prices of USD 70 per barrel, it is estimated that the amount of oil revenue profits of the six GCC states - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) - will tripple over the next 14 years (Farrell, 2005). How the GCC deploys this increasing wealth is of high interest to the world. Historically, the GCC has relied on the financial markets of the United States and Europe to manage their investments.en_US
dc.identifier.citationSairally, Beebee Salma and Muhammad, Marjan and Hasan, Shabana. (2015). The development of offshore financial centres for Islamic finance in the Gulf Cooperation Council: competitive positions and challenges. In Mehmet Asutay & Abdullah Q. Turkistani (Eds.), Islamic finance: political economy, values and innovation (pp. 133-166). Berlin, Germany: Gerlach Press.en_US
dc.identifier.isbn9783940924148
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3465
dc.languageEnglish
dc.language.isoenen_US
dc.publisherGerlach Pressen_US
dc.rights2015. Gerlach Press
dc.sourceSEDONA
dc.subjectOffshore Financial Centres (OFCs)en_US
dc.subjectIslamic financeen_US
dc.subjectGulf Cooperation Council (GCC)en_US
dc.subjectIslamic financial servicesen_US
dc.titleThe development of offshore financial centres for Islamic finance in the Gulf Cooperation Council: competitive positions and challengesen_US
dc.typeChapter in Booken_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
relation.isAuthorOfPublication5967275c-e645-49ce-9855-350b32e2dc77
relation.isAuthorOfPublication5967275c-e645-49ce-9855-350b32e2dc77
relation.isAuthorOfPublication5967275c-e645-49ce-9855-350b32e2dc77
relation.isAuthorOfPublication.latestForDiscovery5967275c-e645-49ce-9855-350b32e2dc77
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