Title: Crafting a Comprehensive Literature Review on Islamic Banking in the UK

Embarking on the journey of compiling a literature review on Islamic banking in the UK is a task
that demands meticulous research, critical analysis, and adept synthesis of scholarly works. Delving
into the complexities and nuances of this subject requires not only a profound understanding of
Islamic finance but also a keen insight into the UK's financial landscape. Here at ⇒ StudyHub.vip
⇔, we recognize the challenges that researchers face in undertaking such endeavors, and we stand
ready to offer our expertise and assistance.

The intricacies of Islamic banking in the UK present a unique set of challenges for researchers. From
navigating through a vast array of academic literature to identifying relevant sources that contribute
to the discourse, the process can be overwhelming. Moreover, synthesizing diverse perspectives and
interpreting complex theoretical frameworks require a high level of academic proficiency and
analytical acumen.

One of the key hurdles in crafting a literature review on Islamic banking in the UK lies in the
scarcity of comprehensive and up-to-date resources. As a relatively niche field within finance,
accessing peer-reviewed journals, authoritative books, and empirical studies can be daunting.
Additionally, the dynamic nature of Islamic finance, coupled with the evolving regulatory landscape
in the UK, necessitates a thorough examination of both historical developments and contemporary
trends.

At ⇒ StudyHub.vip ⇔, we understand the importance of delivering a literature review that is not

only well-researched and meticulously structured but also tailored to meet the specific requirements
of our clients. Our team of expert writers possesses a wealth of knowledge in Islamic finance and
banking, coupled with extensive experience in academic research and writing. Whether you require a
comprehensive review of seminal works in the field or an in-depth analysis of recent developments,
we are committed to delivering a high-quality and customized solution that exceeds your
expectations.

In conclusion, navigating the complexities of crafting a literature review on Islamic banking in the
UK can be a daunting task. However, with the expertise and support of ⇒ StudyHub.vip ⇔,
researchers can confidently embark on this journey knowing that they have access to top-notch
academic assistance. Let us help you unlock new insights and perspectives in the realm of Islamic
finance. Order your literature review today and experience the difference our professional writing
services can make.
In addition to these factors, an international Islamic ?nancing. World Islamic Population 1990, 2010,
and 2030 (millions). 12.3 Characteristics of Islamic Banking 12.3.1 islamic banking: underlying
principles. Expenditure: An Islamic Perspective, co-authored (IRTI 2004), Thirty Years of Islamic.
For example, Sorwar et al. ( 2016 ) suggest that the prohibition against using derivatives means
Islamic banks cannot manage or hedge against risk effectively. Corporate governance is an important
issue for all corporations, but especially so for. Issuu turns PDFs and other files into interactive
flipbooks and engaging content for every channel. Islamic banking but, in order to adhere to the
prohibition on riba, this ?nancing cannot. Financial inclusion can be achieved by combining
technology with Islamic finance and Islamic FinTech is the way to go forward ( Kim et al., 2018 ).
There are also studies on the role of Islamic versus conventional finance in financial inclusion (
Nawaz, 2017 ). Imam and Kpodar ( 2013 ) show that factors contributing to the development of
Islamic banking in a given country include the size of the Muslim population, income per capita, the
level of interest rates, whether the country is a net exporter of oil, the size of trade with the Middle
East, the level of economic stability, and proximity to Malaysia and Bahrain (two Islamic financial
centers). The World Bank (2013) categorized crowdfunding based on four main types. Islamic
banking is all about ethical banking (ISRA, 2008), one of the objectives of this study is. Ulama are
the learned class, especially those learned in religious matters. Bai’al-inah is a contract that involves
the sale and buy back of assets by a seller. Internship report on customer satisfaction and perception
regarding general b. These studies clarify that banking practitioners and operators should regularly
attend training, seminars, and conferences to update their capacity to offer customers comprehensive
knowledge related to FinTech. Based on previous empirical research, the indicators used to measure
efficiency are BOPO, asset quality with NPF (sharia banks) and NPL (conventional banks), and
stability with Z scores. For two excellent reviews of Islamic banking and finance, see Abedifar et al.
( 2015 ), which covers studies between 1999 and 2014, and Hassan and Aliyu ( 2018 ), which covers
studies between 1983 and 2017. Muslims, particularly those who believe in the unlawfulness of
interest, to its deposit. Also, the social role hoped for by Islamic banks has become closer to
stagnation than to hoped-for mobility. Master Plan for the Islamic Financial Services Industry.
Obviously the ?rst two categories pose no problems from a. The reason for injustice from the
perspective of the. And never enough thanks to my great and wonderful Mom, Omayma Abdulkalek,
for her. In fact, it is not easy to determine whether the IBB has grown or not in terms of size when.
In fact, the Islamic banking sector acts as a complement to conventional banking. Second, according
to the Islamic Bank of Britain Plc (2010), the minimum finance offered is. Two approaches suggest
themselves: ?rst, establish objec-. Mohd Ma’sum Billah is Professor of Islamic Applied Finance and
Dean, Faculty of. They find no significant differences in insolvency risk or stability, and suggest this
is because Islamic banks mostly apply non-profit-and-loss-sharing contracts, which are technically
similar to conventional bank practices. Muslims account for 61.6 % of survey participants, while 38.4
% were non-Muslims.
Islam is encouraging justice and has to pay attention to ensuring a more equitable distribution of. As
previously established, Islamic finance is well regulated and supervised. PDF Islamic Banking
Prospects, Challenges, and Criticism- A Systematic Islamic Banking Prospects, Challenges, and
Criticism- A Systematic Literature Review. They find evidence of higher capitalization during local
crises, and a stronger negative trend in the capitalization of Islamic banks than in conventional
banks. It is used primarily to finance large-scale, long-term projects (Zaher and Hassan, 2001 ).
Islamic banks have long o?ered special investment accounts under. After the crisis, however, Islamic
banks underperformed conventional banks, and lost their cost-efficiency superiority. G O?ering
modern banking facilities such as automatic teller machines and fast. Hassan (2015) suggests the
possibility of including poor Muslims in mainstream financial services through innovative
approaches. Through a survey to 26 BPRS Adeco employees and semi-structured interviews with 4
employees, this study found three factors leading to an increase in the NPF ratio, namely weak
bank’s financing risk management, changing economic conditions and regulations, and the conditions
of cu. Islam. It should be noticed that Islam linked the return with productivity in order to ensure a.
According to Hussain, Shahmoradi, and Turk ( 2015, p. 9), “Such transactions were originally
allowed to meet the financing needs of small farmers as they were unable to yield adequate returns
until several periods after the initial investment.” To be Sharia -compliant, payment under these
contracts must be made in full at the beginning of the contract period. Furthermore, Islamic
financiers may prefer to allocate funds to the real economy, because they are not authorized to
allocate financial resources to speculative activities” (Abedifar, Hasan, and Tarazi, 2016, p. 200). In
turn, this can adversely affect entrepreneurship and innovation. Because Islamic banks are subject to
an extra monitoring layer by the SSB, which ensures compliance with moral values, and because of
the overall moral accountability of the managers and board members, one would expect fewer
agency problems and hence higher earnings quality. Nevertheless, it is our belief that this process of
product innov-. International Swaps and Derivatives Association on a broad range of global Islamic.
Crone, P. (1987), Meccan Trade and the Rise of Islam, Oxford: Basil Blackwell. International
Business and Entrepreneurship Development. Islamic vs conventional banking Islamic vs
conventional banking Banking Project Banking Project Internship report on ABL Internship report on
ABL Final Report Final Report SME BANKING IN BANGLADESH SME BANKING IN
BANGLADESH Gohar Nouroze internship report MCB Bank,RMG Dept. The results obtained
from the model are presented and discussed in the subsequent sections. 4.1 Demographic details of
respondents Table 2 presents the demographic data for respondents in the study and includes the age,
gender, education, employment status, years of employment, marital status and monthly income.
This can be achieved through gaining a better understanding of how risk factors impact on quality of
decision-making and efficiency. His research areas include a variety of topics related to banking and
financial institutions, corporate finance, and international finance. However, they also offer the usual
banking services, such as commercial and other banking services, to maximise profits in a manner that
does not contradict Sharia ( Farook and Shikoh, 2011; Henderson, 2012; Imam and Kpodar, 2013;
Kahf, 1999; Schottmann, 2014 ). Several authors have tried to disentangle these effects, and to
examine the validity of these arguments around the GFC, which is considered an ideal setting given
its exogeneity. Fourth, it could be that retail Islamic banks are unable to grow and it is an
unprofitable industry. Wahyuni and Fitriani (2017) support this finding and conclude that brands
with an aura of religiosity create an emotional attachment and thus improve customer brand loyalty
for Islamic banks. These results provide empirical support for the theoretical underpinnings of Islamic
banking, particularly in an emerging South African context where there is a paucity of academic
literature. Islamic banking but, in order to adhere to the prohibition on riba, this ?nancing cannot.
One interesting avenue could be to explore the differential effects of banking crises on Islamic versus
conventional banks. They found that customer satisfaction and customer loyalty improve if an
Islamic bank is reliable and trustworthy.
In the same vein, Baber (2019) also argued that apps design has massively increased customer
satisfaction in using Islamic FinTech. Besides, M. Ali et al. (2021) pointed out that the secure Islamic
FinTech apps and operations increase customer trust in accessing Islamic FinTech. Latifa M. Algaoud
is Director of Human and Financial Resources, Ministry of Finance. Bank. He has worked as Senior
Research Economist, Pakistan Institute of Development. The unique characterisation and goal of
Islamic banking encompass business offerings that are in harmony with Sharia, Islamic law ( Khan,
2017; Maali et al., 2006; Majeed and Abida Zainab, 2018; Pollard and Samers, 2007 ). Islamic
banking is the lack of good and trained customer service representatives in the purely. The bank was
the first fully Islamic bank in the UK to be authorised by the Financial Services. Director in the
International Institute of Islamic Economics, International Islamic. They detect a non-linear
relationship between the development of Islamic banking and macroeconomic efficiency, which
means the benefits of expanding Islamic banking beyond a certain threshold will be detrimental to
macroeconomic efficiency. The substantial rise in consumer demand for Sharia -compliant contracts
has led multinational banks such as Chase Bank, Citibank, ABN Amro, and HSBC to establish
Islamic finance branches while conducting separate conventional banking operations. He has
published many academic papers on international. Where an asset is financed through operating
leases, the usufruct generated by an asset is sold to. These are very extensive indeed and are
examined in detail. Both banks are then benchmarked against the conventional banks' performance
over 5 years 2004-2008. Lastly, in the green cluster: Crowdfunding, Islamic crowdfunding,
Indonesia, TAM, and SME are the most appear keywords. Related to the previous discussion
regarding the musharakah contract, Aprita and Adhitya (2020) emphasized that the profit and loss
sharing scheme is effective in specific business models, and the scheme's implementation should be
done by ensuring transparency between the parties. Consider, for example, the innovations that have
taken place in the area of government. Under this type of agreement, two parties (the bank and the
client) provide the capital needed to finance a project, so profits as well as losses are shared by both
parties. The data of this study retrieved the data from the Scopus database in February 2022 and
resulted in 276 documents. A systematic literature review on Shari'ah governance mechanism and A
systematic literature review on Shari'ah governance mechanism and firm performance in Islamic
banking Naji Mansour Nomran, Razali Haron Islamic Economic Studies ISSN: 1319-1616 Article
publication date: 14 February 2020 Issue publication date: 8 June 2020 Downloads 6990 pdf (323
KB) Abstract 1. This negative attitude not only in the west, but it also among some Muslims can be
proven by a. A Musharaka contract is an alternative profit-and-loss partnership arrangement. Islamic
Research and Training Institute, Islamic Development Bank. The paper also deals with the
foundations and some basic characteristics of Islamic banking together with its practical appearances
in the world. Second, the reduced inclination of Islamic banks to undertake risk, combined with
Sharia ’s limits on Islamic bank assets and off-balance-sheet activities, may cause Islamic banks to
create less liquidity. The Sharia supervisory board (SSB) is the highest corporate governance
authority in an Islamic bank (Dusuki, 2012 ). Islamic finance has developed rapidly in the UK over
the past few years, and according to. Management, and holds the position of Assistant Vice
President for Regional External. A number of approaches have been followed in the literature, and it
is di?cult to ascer-. Many thanks also to the most beautiful sister in the world Dima. One could also
explore whether the quality of financial information reporting is comparable for Islamic banks across
time, including during crises. 12.4.5 Corporate Social Responsibility With its principles of equity and
participation, Islamic banking is viewed as a type of ethical banking.
Gheeraert, L. and Weill, L. ( 2015 ). “ Does Islamic Banking Development Favor Macroeconomic
Efficiency. Miss Algaoud is the joint author (with M.K. Lewis) of several journal articles on Islamic.
Blockchain has become one of the most popular technologies behind cryptocurrencies. While most
macro studies focus on the beneficial effect of Islamic banking on economic growth and the real
economy, the evidence is far from conclusive. Volker Nienhaus is President of the University of
Marburg, Germany, and Honorary. Whoever combines both virtues, the epistemological and the
practical, is the worshipping. However, it would seem that the Islamic mutual funds per-. Islamic
markets offer different instruments, or financing methods, to satisfy Muslims’ needs in a. At the
same time, the P2P company gains a fixed fee as the agent that connects the two parties. This
indicates that, the relation is insignificant. The first modern (private) Islamic bank, Dubai Islamic
Bank, was also established in 1975. Istijrar refers to a sale in which an asset is supplied on a
continuing basis at an agreed price. The authors conclude that Islamic banks “operate within a
governance framework that enhances financial reporting quality” (p. 156). Abdelsalam et al. ( 2016 )
link this evidence to the extent of agency costs in Islamic banks compared to that in conventional
banks. This development did not happen until the growth of Islamic ?nancial institutions. Demirguc-
Kunt, A., Klapper, L., Randall, D.: Islamic Finance and Financial Inclusion: Measuring Use of and
Demand for Formal Financial Services among Muslim Adults. By conducting a content analysis on
each stream, we reveal that the cointegration of FinTech in Islamic finance has enormous potential in
elevating socio-economic development, particularly for the underdeveloped community, unbanked
people, and small-medium-sized businesses. European banks started in the 1920s when the Eastern
Bank, the predecessor of Standard. In addition, Islamic banks cannot access the interbank market for
liquidity because of its interest-bearing features. Other studies further investigate the role of FinTech
in enhancing the contribution of the Islamic social economy and financial institutions during
COVID-19. Adrian Sanabria AGRICULTURAL PRICE POLICY -AGRICULTURAL
ECONOMICS.pptx AGRICULTURAL PRICE POLICY -AGRICULTURAL ECONOMICS.pptx
VISHALI SELVAM Elo’s result 2023: Return on investment increased to 6 per cent and cost effi.
Also, Islam prohibits monopolising goods to gain higher returns in the future or to dominate the.
After reviewing these procedures, Elfakhani, Hassan and Sidani examine the perfor-. While all of
these factors are relevant, the last two are critical. The global economic crisis that began in 2008, and
its consequences, succeeded to close down many large banking systems. On the other hand, Islamic
banks made a great growth, and their bank assets according to estimates, are worth about 1,800
billion. Latifa M. Algaoud is Director of Human and Financial Resources, Ministry of Finance. Thus,
the first objective of this study is to identify the principles and the main instruments of. In addition,
Islamic banks may have been less affected by the crisis because they do not hold or trade in
conventional securitized assets. As this research is purely quantitative, studies of a qualitative nature
should also be undertaken to probe and compare the motivations of those charged with governance
at Islamic banks or conventional banks offering Islamic banking to ensure Sharia compliance. Ridha
Saadallah is Professor of Economics at the University of Sfax in Tunisia. There are some causes of
sharia banking weakness such as of Information Technology that still behind of conventional
banking, competency, and experience of human resources and the consciousness of the Muslim
community to use sharia banking products for their primary financial transaction.
Thus, in a trade transaction, if the payment of price is. At the present time, there are more than 300
Islamic financial institutions in over 51 countries. Between 1967 and 2008, the second phase saw the
emergence of online banking and ATMs where financial institutions started incorporating
information technology into financial products and services. This article is published under the
Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate
and create derivative works of this article (for both commercial and non-commercial purposes),
subject to full attribution to the original publication and authors. Islamic banking Islamic financial
products Financial inclusion Behavioral theories of finance This is a preview of subscription content,
log in via an institution. Moreover, the results also indicate that focusing on increasing a customer’s
satisfaction also enhances customers’ loyalty to the Islamic bank. P2P lending is one of the financial
services provided by FinTech, it is predicted to become the most convenient financial platform for
the unbanked community. Global citations assess the performance of an article based on the total
citations from a variety of disciplines and articles ( Agbo et al., 2021 ). According to Table 1, the
article authored by Mensi et al. (2020) has the highest citations among the articles published by
Scopus indexed journals. This will ensure that attention is given to areas that produce the maximum
positive experiences, leading to satisfied customers. Macmillan, USA, 2005), Islamic Finance and
Economic Development, co-edited (Palgrave. Islamic Financial Services Board (IFSB), and
Coordinator of the Malaysian Ten-Year. Maysir means gambling, from a pre-Islamic game of hazard.
Obviously the ?rst two categories pose no problems from a. In practice, this means, for example, that
Islamic banks cannot trade derivative products. 2 Third, Islamic banks are prohibited from financing
activities that are illegal under Islamic law, or that are viewed as having a negative impact on society,
such as those involving alcohol or gambling. To conduct their analysis, they focus on Islamic and
conventional banks in GCC countries, and examine the explanatory power of bank-level and macro-
level determinants using hazard and survival functions. When doing so, it may be worth keeping in
mind that the Islamic. We conclude this introduction with some observations on product innovation.
The. There are some causes of sharia banking weakness such as of Information Technology that still
behind of conventional banking, competency, and experience of human resources and the
consciousness of the Muslim community to use sharia banking products for their primary financial
transaction. Islamic Corporate Advisor on shari’a compliance, investment, corporate mu’amalat and.
In 2000, a website named AristShare was designed to provide a platform for artists to raise funds.
This negative attitude not only in the west, but it also among some Muslims can be proven by a. To
analyze the primary result and limitations of the selected studies. The analysis tools of variance and
Chi-Square test are used in this. Printed and bound in Great Britain by MPG Books Ltd, Bodmin,
Cornwall. One challenge, however, would be the availability of CSR data on Islamic banks in
existing datasets, such as Thomson Reuters’ ASSET4. Hence, the key implication drawn from these
studies is the importance of user experience in using Islamic FinTech. All rights reserved. No part of
this publication may be reproduced, stored in a retrieval system or. They state that improving
communication techniques using improved marketing strategies will enhance customer loyalty. For
example, Islamic banks clearly outperform European Union (EU) banks in terms of return on assets
(ROA), return on equity (ROE) and cost-to-income, but the capitalisation of EU banks is now
stronger than that of Islamic banks and the non-performing loans ratio of EU banks is better than the
non-performing financing (NPF) ratio of Islamic banks.” Thus, the impact of the GFC and the
resilience of Islamic banks during economic downturns remains somewhat unclear. The bank
provides many services, such as saving accounts, current accounts, personal and home.