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This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets of seven emerging countries, the first without Islamic banks, and the second with a dual banking system including both Islamic and conventional banks. Unlike previous studies,...
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countries, with both expertise and potential for growth in Islamic finance, accounted for about 78% of the world's Islamic …
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's financial world. It tracks the performance of Islamic banking in more than 25 countries using various indicators and indexes … from across the world. Muslims have been able to build a system without interest for mobilizing resources to finance …-based borrowing and lending. However, when the world's economic center migrated to the West over the ages, western banks and financial …
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