Islamic banking business of conventional banks: transition from windows to Islamic subsidiaries

• Main Authors: Ramadili Mohd, Shamsher Mohamad, Mahomed, Ziyaad, Mustaffa Kamil, Nazrol Kamil
• Format: Book Chapter
• Language: English
• Published: Pearson Malaysia 2017
• Subjects: HG1501 Banking; HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/62236/1/62236_Islamic%20banking%20business%20of%20conventional%20banks.pdf; http://irep.iium.edu.my/62236/; https://ikr.inceif.org/handle/INCEIF/2792

Globally, Islamic banking grew by a compound annual growth rate of 17.3 percent between 2009 and 2014. The estimated size of the industry at the end of 2014 was given at US$2.1 trillion. This total dollar value of assets held by the Islamic financial institutions is less than 2 percent of the conven...