Open AccessDoes Islamic Finance Industry Lack a Certain Degree of Credibility?
Author(s) -
Aly Khorshid
Publication year - 2016
Publication title -
journal of emerging economies and islamic research
Language(s) - English
Resource type - Journals
ISSN - 2289-2559
DOI - 10.24191/jeeir.v4i2.9081
Subject(s) - credibility , islam , flocking (texture) , financial system , business , islamic finance , islamic banking , finance , economics , political science , philosophy , materials science , theology , law , composite material
Islamic banking and finance sector risks losing a golden opportunity to demonstrate an alternative system that could prevent a future credit crunch and share risks. With the conventional banking sector slowly coming to terms with its high-profile collapses and bailouts, the Islamic sector has suffered only mild aftershocks. The question that comes to mind is: why are savers and investors not flocking to shariahcompliant banking? Could Islamic finance lack a certain degree of credibility? And if so, why?