Islamic Banking Characteristic Elements and Products

The 26th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2022): Proceedings. Vol.1 2022
Khalid Mehmood, Karine Oganisjana, Nataļja Lāce

This study analyses the characteristic elements and products of Islamic Banking (IB). The research method used in this study is qualitative content analysis. Qualitative data were gathered from scientific literature representing works by authors from both Muslim and non-Muslims countries. It was determined that the most significant characteristic elements of IB are interest-free banking system, profit and loss sharing (PLS) in all business transactions and being based on Shariah law, which could improve the intention of individuals and comapnies to purchase and make an investment in IB products and services. There are also some other characteristic elements, which have complementary nature that makes a more complete picture of IB. These characteristic elements are reflected in the products and services of IB.

Atslēgas vārdi
IB, interest-free banking, profit & loss sharing, Shariah law, characteristic elements and Products.
DOI
10.54808/WMSCI2022.01.109
Hipersaite
https://www.iiis.org/DOI2022/MA365DN/

Mehmood, K., Oganisjana, K., Lāce, N. Islamic Banking Characteristic Elements and Products. No: The 26th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2022): Proceedings. Vol.1, Amerikas savienotās valstis, Orlando, 12.-15. jūlijs, 2022. Winter Garden: International Institute of Informatics and Systemics (IIIS), 2022, 109.-114.lpp. ISBN 978-1-950492-64-0. ISSN 2771-0947. Pieejams: doi:10.54808/WMSCI2022.01.109

Publikācijas valoda
English (en)