This paper provides new evidence on the influence of macroeconomic, legal and cultural factors on the Islamic banking development, using date from 29 OIC countries over the period of 2005-2011. Using both OLS and GLS method of estimations we have find that as with conventional finance,...

Many researchers have shown that differences in legal origin explain differences in financial development. Using historical comparisons and cross-country regressions for 30 countries observed for the period from 2005 to 2010, this study tried to assess if different legal origins impacted on the...

Shariʿah governance is considered an unique characteristic of governance in financial architecture as it is concerned with the religious aspect of the overall behaviour of Islamic financial institutions compared to the conventional model of governance. Shariʿah governance is defined as the...

This paper provides new evidence on the influence of macroeconomic, legal and cultural factors on the Islamic banking development, using date from 29 OIC countries over the period of 2005-2011. Using both OLS and GLS method of estimations we have find that as with conventional finance,...

Islamic banks operate under different principles than conventional ones and the most important purpose of the Islamic finance is the establishment of justice between the different parts of the transactions. And thus by the elimination of all form of immoral exploitation in business transaction...