Abstract
Gives an account of Islamic Banking practice, and the implications of Islamic law for Islamic and Western banks. The growth in Islamic fundamentalism presents problems for Islamic banks and Western banks in serving Muslim states and countries with sizeable Muslim populations. Shows the techniques available to Islamic banks and considers some of the marketing problems they face in non‐Muslim countries. Also considers the international banking market and the role Islamic banks have there, and reviews the problems of bank recognition. A forward view examines what the future may hold for Islamic Banking. The appendix presents the principal concepts of banking under Islamic Law.
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