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The practice of Islamic banking system in Sudan

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Date
2005
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Abstract
This paper sheds light on the practice of Islamic banking system in Sudan. Its main objective is to show how successful the Islamic banking system in Sudan is and how this system succeeded in converting all existing banks into interest-free banks. Moreover, it emphasises the establishment of new Islamic banks in all the regions of Sudan and shows how those banks succeeded in minimising dealing with interest, attracting more depositors and financing the different sectors. To achieve this, the paper reviews the emergence of the Islamic banking system in Sudan within the last three decades, presents the structure and operations of the Sudanese Islamic banks, and highlights their contribution to the different sectors.
Keywords
Islamic banking system , Sudan
Citation
Ismail Abdel Mohsin, Magda. (2005). The practice of Islamic banking system in Sudan. Journal of Economic Cooperation, 26 (4), pp. 27-50.
Publisher
SESRIC
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