Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxviiy2017i1p573-577.html
   My bibliography  Save this article

A Split in The Middle East Financial System

Author

Listed:
  • Oprea Raluca Ioana

    (“Lucian Blaga†University of Sibiu, Romania)

Abstract
In the Middle East, it has been proven that religious and cultural particularities can have adecisive impact on the economic environment. In this way, has developed Islamic financial system,a counterpart to the conventional one, that is based on the principles of Shari’ah. A niched systemaccording to addressability but also to the degree of geographical spreading, Islamic financialsystem increases with higher rates than the conventional one. Although the financial market in thiscase is closely related to real market. Islamic and conventional systems resilience is similar. TheMiddle East economy seems ready to host in parallel both types, certainty that is proven by theUnited Arab Emirates, a state that operates with a share of nearly 20% of Islamic finance, whichaims to become the regional financial hub in the future.

Suggested Citation

  • Oprea Raluca Ioana, 2017. "A Split in The Middle East Financial System," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 573-577, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:573-577
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/2017/Section-V/33.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Issam Tlemsani & Huda Al Suwaidi, 2016. "Comparative Analysis of Islamic and Conventional Banks in the UAE During the Financial Crisis," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(6), pages 298-306, June.
    2. Issam Tlemsani & Huda Al Suwaidi, 2016. "Comparative Analysis of Islamic and Conventional Banks in the UAE During the Financial Crisis," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(6), pages 298-309.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Achraf Haddad & Anis El Ammari & Abdelfettah Bouri, 2019. "Are Islamic banks really more solvent than conventional banks in a financially stable period?," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 9(11), pages 346-366, November.
    2. Lina Nugraha Rani & Eko Fajar Cahyono, 2018. "A Comparative Analysis between Islamic Banks and Conventional Banks in Indonesia Before and After Global Financial Crisis," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 64, pages 131-144, Desember.

    More about this item

    Keywords

    Conventional economics; globalization; Islamic economics; Middle East financial system; Islamic finance;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • G1 - Financial Economics - - General Financial Markets
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:573-577. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.