FUTURE TRENDS AND FINANCE APPROACHES IN ISLAMIC BANKING
DOI:
https://doi.org/10.13135/2421-2172/3269Keywords:
Keywords Islamic Banking, Conventional Banking, Market Strategy, Operational Efficiency, Finance approachesAbstract
Briefly, Islamic banking refers to financial activities that are governed by the teachings of Islamic law (Quran, Sharia) and essentially prevent payments and receive interests. Islamic banking today attracts Muslim and non-Muslim market player. While the global financial tension has created new weaknesses in the international financial system around the world, Islamic banking demonstrates symptoms of relative resistance to these shocks. It is even argued that if Islamic principles were implemented, it would prevent a financial crisis. Despite the fact that the growth of Islamic banking in recent years has promised a bright future in this area, it is imperative that Islamic financial institutions and Islamic banks do many things. Islamic banks, which are now focusing on strategic options and basic operations and infrastructure, will be in a more powerful position in order to achieve the intact market excellent opportunities and manipulate the changing dynamics of their industry.
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