Business, Management and Accounting
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Islamic finance revolutionizing global markets with innovative products and growth.

SSRN Electronic Journal
A Comparative Literature Survey of Islamic Finance and Banking
M. Kabir Hassan

Paper Summary

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Islamic finance and banking have grown significantly in the past two decades due to various economic reforms and global market integration. This growth has led to more sophisticated Islamic financial products, but a complete system is still in early stages. The literature review compares Islamic financial instruments to Western ones, discusses legal issues for investors, and assesses the performance of Islamic banking. Challenges and regulations in the Islamic banking market are also highlighted.