You must have Credits on your Balance to download this sample
Current performance of Islamic bank around the world
Finance & Accounting
Pages 25 (6275 words)
Current performance of Islamic bank around the world After the financial crisis that has been experienced by the traditional banking industry, focus of everyone has been shifted towards Islamic banks (Willison, 2009). With the growing success of Islamic banks, number of Islamic countries have been considering to shift their banking sector to Islamic banking sector and the policies and regulations would be governed by Islamic teachings (Johnes, Izzeldin, and Pappas, 2009).
In some countries like Pakistan, there are banks that are operating in accordance with the Islamic laws and at the same time there are some banks that are practicing conventional banking and at the same time some of their branches are offering Islamic banking services. Not only there has been an increasing trend of Muslim majority countries practicing Islamic banking products but certain Western countries including United Kingdom, United States and Australia have been also observing an increasing trend in regard to the Islamic banking. Although the industry of Islamic banking is still growing and an emerging industry, but in different parts of the world this industry has been achieving very high profits unlike United Kingdom. However in countries like Pakistan, Bangladesh, Bahrain this industry has been growing. In Pakistan, Islamic banks have reported a profit of 5.7 PKR which is approximately 59% of the total market share in the year 2011 (The News, 2012).). ...
Not exactly what you need?