Balancing Islamic and Conventional Banking for Economic Growth: Empirical Evidence from Emerging Economies

This Palgrave Pivot empirically analyzes the role of conventional and interest-free Islamic banking in the growth process of developing Islamic nations. After explaining the theoretical background of this dual banking system structure, the book then empirically analyzes growth in a variety of sectors - such as agriculture, manufacturing, and tourism - in the predominantly Muslim countries of Turkey, Malaysia, Indonesia, and Qatar. Finally, the book concludes with a detailed comparison of policy efficiency surrounding the dual bank structure, providing advice from more successful countries that can be applied to those still struggling to find a balance.

About the Author

Murat Ustaoğlu is Associate Professor of Islamic Economics at Istanbul University, Turkey. He has coauthored two previous Palgrave books, Post-Conflict Syrian State and Nation Building and Islamic Finance Alternatives for Emerging Economies . Ahmet İncekara is Professor of Economics at Istanbul University, Turkey. He coauthored Islamic Finance Alternatives for Emerging Economies with Dr. Ustaoğlu.