Balancing Islamic and Conventional Banking for Economic Growth

1. Front Matter

   Pages i-xx

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2. Introduction

   • Ahmet İncekara, Murat Ustaoğlu

   Pages 1-8

3. Dual Banking Systems’ Dynamics and a Brief Development History of Islamic Finance in Select Emerging Islamic Economies

   • Halil Şimşek, Servet Bayındır, Murat Ustaoğlu

   Pages 9-26

4. Financing Economic Growth in Emerging Economies: A Theoretical Approach

   • Selim Demez, Hülya Deniz Karakoyun, Elif Haykır Hobikoğlu

   Pages 27-45

5. The Turkish Economy and Financing Growth by Dual Banking: Empirical Evidence

   • Ferda Yerdelen Tatoğlu, Halil Tunalı, Murat Ustaoğlu

   Pages 47-68

6. Financing Economic Growth by Dual Banking in Malaysia: Empirical Evidence

   • Mehmet Akyol, Ferda Yerdelen Tatoğlu, Murat Ustaoğlu

   Pages 69-84

7. A Quantitative Reassessment of the Dual Banking–Growth Nexus in Indonesia: Comparative Analysis

   • Adem Levent, Murat Ustaoğlu, Ferda Yerdelen Tatoğlu

   Pages 85-102

8. Economic Development and Financing Growth in a Hydrocarbon Economy: Qatar

   • Murat Ustaoğlu, Selman Yılmaz, Ferda Yerdelen Tatoğlu

   Pages 103-117

9. Findings and Conclusion

   • Zeynep Karaçor, Murat Ustaoğlu

   Pages 119-123

10. Back Matter

    Pages 125-130

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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.

• islamic banking
• interest
• usury
• religion and finance
• growth sectors
• modernization
• islamic finance
• banking
• development finance

• Istanbul University, Istanbul, Turkey

  Murat USTAOĞLU, Ahmet İNCEKARA

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.

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