Publication:
Performance of Islamic banks and conventional banks
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Date
2011
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Abstract
In this chapter an attempt is made for the first time to assess the financial performance of Islamic banks and conventional banks by choosing a matched sample of banks to assess their financial performance across the world over a lenghty period. Islamic banking is based on replacing the pre-fixed-interest-based bank deposit-cum-lending activities with risk-sharing and profit-sharing principles advocated by Islam, which in turn appears to be consistent with the social norms of pre-modern societies prior to the rise of interest-based-fractioning banking in the last 200 years, which refers to the fractional-reserve banking from the close of the 18th century.
Keywords
Performance , Islamic banking , Conventional banking
Citation
Ariff, M., Badar, M. K., Ramadili Mohd, S. M., & Hassan, T. (2011). Performance of Islamic banks and conventional banks. In Mohamed Ariff & Munawar Iqbal (Eds.), The foundations of Islamic banking: theory, practice and education (pp. 127-152). Cheltenham, Glasgow: Edward Elgar Publishing Limited.
Publisher
Edward Elgar Publishing Limited
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