Islamic finance: Meeting Global Aspirations and Growth Potential - UK Model | ASJP

مجلة الامتياز لبحــوث الاقتصاد والادارة
Volume 6, Numéro 2, Pages 523-542
2022-12-25

Islamic Finance: Meeting Global Aspirations And Growth Potential - Uk Model

Authors : Hasan Mohammed Salih Hasan . Ali Nassr Hussein Ali . Abbas Omer Abdulwahid Abbas . Alwan Mohammed Jumaah Alwan .

Abstract

The purpose of this research is to describe the Islamic financial market and products, with particular emphasis on the growth of Islamic finance in the UK market. The analytical descriptive approach has been used because it will help to collect quantitative and qualitative data to answer the research question or test the research hypothesis. The results indicate that Islamic and traditional banks with the Islamic window promote investment in the UK through the financing of real estate, insurance services and financing of transport projects without interest charges on loans. (FSA) Encourage the Government to develop Islamic banking, develop market and demand, and develop Islamic finance products and services that contribute to the growth of Islamic banking services in the United Kingdom.

Keywords

: Islamic Finance, Islamic Banking, Profit and Loss sharing, Sharia compliance, Conventional Banking.

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