DOI: 10.5176/2251-1997_AF-87
Authors: Dr. Adel Ahmed
Abstract:
The growth in Islamic finance is visible in the expandingrange of services and products that comply with thebasic guideline of sharia (Islamic law). The growing global market interest in Islamic finance products suggests that non-Islamic investors in general are becoming comfortable. The broadening appeal of Islamic finance is also evident in the move by large international banks and other private sector financial institutions to provide Islamic financial services. This includes the establishment of exchange-traded funds that are screened to ensure their conformity with Islamic investment principles, as well as offering “takaful” – or Islamic insurance. Islamic finance institutions tend to avoid the speculative investments, such as derivatives, that many analysts believe led to the financial crisis affecting conventional banks. The Islamic finance industry may be able to strengthen its position in the international business as investors andcompanies seek alternate sources of financing.
This paper aim to explore different integration modes for the Islamic Finance Model (IFM) within international financial sector for enhancing the relationships between financial institutions and their stakeholders.
Keywords: International Accounting and Finance,Islamic Finance Model
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