The development of Islamic finance in the Gulf Cooperation Council States
The Gulf Cooperation Council (GCC) is at the heart of Islamic world, with the two holiest shrines under the guardianship of Saudi Arabia, a kingdom that prides itself on being governed under shariah law. It might therefore be expected that the GCC states would be at the centre of the rapidly expanding Islamic finance industry, which encompasses retail and investment banking, insurance, fund management and the issuance and trading of shariah-compliant securities known as sukuk. The study appraises the extent of Islamic banking and financial development in the GCC. Available in physical copy only (Call Number: DS 201.2 T772)
Islamic finance industry , Gulf Cooperation Council (GCC) countries , Islamic banking , Sukuk
Wilson, Rodney. (2012). The development of Islamic finance in the Gulf Cooperation Council states. In David Held & Kristian Ulrichsen (Eds.), The transformation of the Gulf: politics, economics and the global order (pp. 146-164). Abingdon, Oxon: Routledge.