Does Islamic Banking Lead to More Efficiency?

In this book, the author has addressed and analysed the key factors affecting efficiency including profitability, cost, stability, risk and growth of Islamic Banking. The study also analysed the major challenges facing the Islamic Banking sector including legal, regulatory, competition, product, complaint and marketing oriented issues. The study illustrates that, even though Islamic Banking is facing some serious internal and external challenges, but it is still performing efficiently and can survive and compete with conventional counterpart banks. The study has identified some of the key challenges and maintained that overall Islamic banking industry is suffering. For example, the unavailability of (trained and expert staff, inter-bank money market, correspondence banks for foreign remittances, international accounting standards, international operational standards and international sharia auditing) as well as liquidity fund management problem, lack of marketing and customer awareness, lack of products standardization, nonexistence of empathy of opinion between different school of thoughts, non-unified Sharia complaint and finally double taxation.

Autorentext

Safeer Ahmad Danish nasceu em 1983 no Afeganistão, estudou Direito na Universidade de Nangarhar, fez um mestrado em Gestão de Recursos Humanos/Direito do Trabalho na NIBM, Índia, e um mestrado europeu em Direito e Economia na Universidade de Hamburgo, Alemanha, e na Universidade de Bolonha, Itália. Tem mais de sete anos de experiência em organizações nacionais e internacionais no sector bancário e financeiro.