Islamic Banking for Development

Islamic Banking unaffected by global financial crisisThe development of Islamic Banking in the past two decades has been remarkable particularly in progress and stability of the underdeveloped countries. This book aims to clarify the issue of Islamic Banking as well as describe the Islamic banking system and how it is implemented in some selected countries; in addition it evaluates the performance and efficiency of these banks to know its impacts on economic and social development. Islamic banking has achieved great success in proving the theory of Islamic financing as they are to keep pace with the times and respond to the funding needs required by the contemporary economic life. The Islamic banks have proved that the right of Islamic banking can keep up with the latest developments in the world of finance economy characterized by the benefits of genuine interest-based financing and serve as a basis for the domestic financial system and global degree of professional banking and flexibility and to cover the financing needs of contemporary society.