Islamic finance: Meeting Global Aspirations and Growth Potential — UK Model
https://doi.org/10.26794/2308-944X-2022-10-3-56-68
Abstract
This study’s objective is to provide a description of the Islamic financial industry and its products, with an emphasis on the development of Islamic finance in the UK market. Islamic finance is a relatively popular issue in the world of economics due to its patterns of worldwide expansion. In the western world, the UK is at the forefront of Islamic finance. This research used a positivist outlook, and a descriptive research design. The optimum way will thus be to acquire secondary data. Both content analysis and descriptive analysis were used to examine the data that had been gathered. The findings showed that the UK’s political environment and organizational structure support the expansion of Islamic banking there. The study also highlights the difficulties that UK-based Islamic financing faces. The results showed that financing real estate, as well as the provision of insurance services and the financing of transport firms without interest charges on loans, improve investment by Islamic banking and conventional banking institutions with an Islamic sector.
About the Authors
M. S. Hasan
University of Sfax
Tunisia
Tunisia
Mohammed S. Hasan — Ph.D.Candidate Department of Management, Faculty of Economics and Management of
Sfax
Sfax
N. H. Ali
University of Sfax
Tunisia
Tunisia
Nassr H. Ali — Ph.D. Candidate Department of Management, Faculty of Economics and Management of Sfax
Sfax
O. A. Abbas
University of Sfax
Tunisia
Tunisia
Omer A. Abbas — Ph.D. Candidate Department of Management, Faculty of Economics and Management of Sfax
Sfax
O. Wasfy
University of Tikrit
Iraq
Iraq
Omar Wasfy — College of Administration and Economics
Tikrit
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Review
For citations:
Hasan M.S., Ali N.H., Abbas O.A., Wasfy O. Islamic finance: Meeting Global Aspirations and Growth Potential — UK Model. Review of Business and Economics Studies. 2022;10(3):56-68. https://doi.org/10.26794/2308-944X-2022-10-3-56-68
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