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- W2275791818 abstract "There is a serious lack of empirical studies on Islamic banking. This paper attempts to fill that gap to some extent. Using data for the 1990-98 period, several hypotheses and about the practice of Islamic banking have been tested. The performance of Islamic banks has been evaluated using both trend and ratio analyses. For this purpose, some objective “benchmarks” for various ratios have been developed for the first time. The performance of Islamic banks has also been compared with a ‘control group’ of conventional banks. It has been found that in general Islamic banks have done fairly well during the period under study. 1. INTRODUCTION It has been quarter of a century since the first Islamic bank was established. During this period, the Islamic banking industry has witnessed a gradual and sustained expansion. In this respect, two distinct approaches have been followed. Firstly, Islamic banks and financial institutions were established in several parts of the World, including some non-Muslim countries, on private initiatives. The number of such banks and financial institutions is now more than one hundred. Secondly, attempts were initiated to convert the whole financial system to Islamic principles in some Muslim countries. These include Pakistan, Iran and Sudan. These experiments have also been in operation for 15-20 years. It is high time that both of these initiatives are assessed and evaluated. This study attempts to analyze the experience of the first group of banks. However, it must be pointed out that most of the conclusions apply to the second group of institutions also. In this study a number of hypotheses have been tested and a number of common perceptions evaluated against actual facts. Several of these have been found to be misconceived. It is hoped that this study will start an objective discussion about these to arrive at the truth." @default.
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- W2275791818 date "2001-01-01" @default.
- W2275791818 modified "2023-09-24" @default.
- W2275791818 title "ISLAMIC AND CONVENTIONAL BANKING IN THE NINETIES: A COMPARATIVE STUDY *" @default.
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