The article from Muhammad Nejatullah Siddiqi is of utmost interest for the understanding of Islamic economics and its limits until now. It has the major benefit of giving the right perspective and being realistic about the current state of Islamic economics. It also provides directions to...

The aim of this paper is to investigate whether Islamic banks have greater market power than conventional banks. An Islamic bank, for example, might enjoy enhanced market power if a captive clientele adhering to religious principles permits it to charge higher prices. To measure market power, we...