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A comparative study on Islamic banking and conventional banking methods looking into the future prospects of Islamic banking | |
Author | Goel, Neha |
Call Number | AIT RSPR no.SM-08-06 |
Subject(s) | Banks and banking--Religious aspects--Islam |
Note | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 2008 |
Publisher | Asian Institute of Technology |
Series Statement | Research studies project report ; no. SM-08-06 |
Abstract | This research study focuses on the Islamic banking system that is under existence for thepast three decades and is now emerging very rapidly. It describes the principles behind anIslamic bank and the differences that persist between Conventional and Islamic form ofbanking. The study tries to figure out the future prospects of Islamic finance based on thefindings and the historical and current data available.Malaysia has been taken as a case study due to its dual banking system, to look at thegrowth curve of Islamic banks and its future prospects. A survey has been studied toestimate the awareness of Islamic finance in the Australian market and the willingness ofrespondents to invest in it. An interview was conducted with a bank official to get an ideaof the acceptance of Islamic financial products in the market and its possible futuregrowth. Lastly, some drawbacks have been listed down and recommendations have been made toovercome these hindrances. Looking at its development and growth over the years and itscontinuing efforts to make a place in the global world, it can be concluded that the futureseems to be very promising for Islamic finance provided that it understands the needs anddemands of people of varied background. |
Year | 2008 |
Corresponding Series Added Entry | Asian Institute of Technology. Research studies project report ; no. SM-08-06 |
Type | Research Study Project Report (RSPR) |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
Chairperson(s) | Huang, Chia Hsing; |
Examination Committee(s) | Tang, John C.S.;Sununta Siengthai; |
Scholarship Donor(s) | AIT Fellowship; |
Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 2008 |