This text explains how Islamic banking works and what it offers as
an alternative model of financial intermediation. Important
questions addressed include: Why Islamic banking started and where
it is going? Who are the main players at present and whom it will
attract in future? What are its strengths and weaknesses? Will
Islamic banks survive in highly competitive and globalized
financial markets? What are their prospects and potentials? How
does the relative performance and efficiency of Islamic banks
compare to conventional banks?
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