The past decade has witnessed significant developments in the banking structure of the Arab World. The emergence of OPEC, the increase in oil revenues and accumulation of large reserves, led not only to an overall boom of economic activity in the petroleum exporting countries but also...

The article attempts to develop a methodology for a comparative assessment of the economic efficiency of banks, including traditional and Islamic banking mod- els. The assessment shows that the stability of financial institutions in Azerbaijan is lower compared to banks where Islamic banking is...

The pre-eminence of Islamic finance from the perspective of economic growth has been a long-standing debate. In recent decades, there has been a paradigm shift from interest-based banking to Islamic financial system. This study intends to examine the dynamic interaction of Islamic financial...