Publication
Title
Oiling global capital accumulation: analyzing the principles, practices and geographical distribution of Islamic financial services
Author
Abstract
This article focuses on the Islamic financial services (IFS) sector, which originated in the Middle East, but is now rapidly becoming a global sector. First, Islamic economic ideology is discussed, which resulted in the foundation of IFS firms after the 1973 oil crisis, and then an overview of the most common IFS is provided. The third part discusses the global distribution of IFS firms and Shari'a compliant assets. The Middle East is at the apex of the IFS sector, with the Islamized economies of Iran and Pakistan and prime hubs such as Manama and Dubai. Outside the Middle East, Malaysia is identified as an important growing market for IFS, while outside the Muslim world, London is increasingly profiling itself as a global IFS hub.
Language
English
Source (journal)
Service industries journal. - London
Publication
London : 2011
ISSN
0264-2069
Volume/pages
31:3(2011), p. 327-341
ISI
000287417300002
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
External links
Web of Science
Record
Identification
Creation 18.01.2011
Last edited 19.09.2017