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Banking for those unwilling to bank: Implications of Islamic banking systems

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dc.contributor.authorKumru, Cagri
dc.contributor.authorSarntisart, Saran
dc.date.accessioned2016-06-14T23:19:32Z
dc.date.issued2016
dc.date.updated2016-06-14T08:40:34Z
dc.description.abstractA significant number of Muslims are unwilling to deposit their savings into the conventional banking sector since it does not operate according to their religious beliefs. In this paper we provide a model that aims to explore growth and welfare implications of an Islamic banking system that operates according to Muslims' religious principles. Our model shows that in an economy populated with a certain number of religiously concerned individuals, the existence of an Islamic banking system can generate higher growth and improve welfare substantially. These theoretical results are in line with recent empirical findings.
dc.identifier.issn0264-9993
dc.identifier.urihttp://hdl.handle.net/1885/102932
dc.publisherButterworths
dc.sourceEconomic Modelling
dc.titleBanking for those unwilling to bank: Implications of Islamic banking systems
dc.typeJournal article
local.bibliographicCitation.lastpage12
local.bibliographicCitation.startpage1
local.contributor.affiliationKumru, Cagri, College of Business and Economics, ANU
local.contributor.affiliationSarntisart, Saran, National Institute of Development Administration
local.contributor.authoruidKumru, Cagri, u5030945
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140200 - APPLIED ECONOMICS
local.identifier.ariespublicationU3488905xPUB11770
local.identifier.citationvolume54
local.identifier.doi10.1016/j.econmod.2015.12.011
local.identifier.scopusID2-s2.0-84960854785
local.type.statusPublished Version

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