IKAM Publishes Its Third Report

13 July 2017

The report published by the Research Center for Islamic Economics (IKAM) has been published in order to share the results of researches done in the field of Islamic economics with the public and contribute to the accumulation of knowledge and to enrich new studies. The report penned down by Erhan Akkaş views An Overview of Islamic Economics and Finance in the GCC Countries.

IKAM which organizes educations, researchs, publications and academic activities theorically and emprically, aims at supporting researchers, business world and policymakers with its outputs in terms of knowledge. Thus, IKAM hosts many activities in the field of Islamic Economics to introduct and rise acceptability of the field in public. In this context, IKAM Reports is a serial of publications in an attempt to share the research results in the field of Islamic economics.

In this context, IKAM publishes Research Reports in order to share the results of the researches made in the field of Islamic economics with the public and to contribute to the field with new knowledge. This report was prepared by Erhan Akkaş under the title An Overview of Islamic Economics and Finance in the GCC Countries.

This report examines the development of Islamic economics and finance in the GCC countries. It provides its analysis within the context in which Islamic economics and finance have emerged and describes how Islamic finance has developed as an institution, in terms of education, applications, and institutions in the regional and global financial markets. This study embraces five major factors that have contributed to the development of Islamic finance in the GCC countries: research, institutions, applications, financial deepening, and education. This report also provides a background for the development of Islamic finance, not only in the banking sector, but also in terms of education about Islamic finance in the GCC countries. The analysis focuses on the GCC context, with specific reference to Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Click here to read the report

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