What is it about?
The aim of this paper is to shade a light on the development of Islamic finance industry in the west. It is observed that Islamic finance industry in the west traced back to the late 1970s and the main reason behind the interest of western countries in Islamic finance is economical. However, there are regulatory, legal, knowledge and social obstacles facing Islamic finance industry in the west. These matters must be resolved to allow Islamic finance industry to flourish in western countries.
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Why is it important?
There were no paper before this that gave a clear idea about the development of Islamic finance in Europe and North America before this.
Perspectives
I hope this paper will give idea about Islamic finance in the western countries.
Dr. AHMAD AL-HARBI
MINISTRY OF ECONOMY AND PLANNING SAUDI ARABIA
Read the Original
This page is a summary of: Development of Islamic Finance in Europe and North America : Opportunities and Challenges, International Journal of Islamic Economics and Finance Studies, November 2016, The Center for Political, Economic and Social Research (PESA),
DOI: 10.12816/0036633.
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