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Conversion into Islamic banks: jurisprudence, economic and AAOIFI requirements

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Conversion into Islamic banks : jurisprudence, economic and AAOIFI requirements. / Zaki, Fatma; Hussainey, Khaled.

In: European Journal of Islamic Finance, Vol. 3, 07.12.2015, p. 1-8.

Research output: Contribution to journalArticlepeer-review

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Zaki, Fatma ; Hussainey, Khaled. / Conversion into Islamic banks : jurisprudence, economic and AAOIFI requirements. In: European Journal of Islamic Finance. 2015 ; Vol. 3. pp. 1-8.

Bibtex

@article{bf81e2f60bdc439c95bd9b677bb82679,
title = "Conversion into Islamic banks: jurisprudence, economic and AAOIFI requirements",
abstract = "The objective of this study is to investigate the conventional banks conversion into Islamic banks. It provides a significant opportunity to develop the understanding of the Sharia requirement to conversion process and what the conventional banks have to do in order to be converted into Islamic banks. In addition, it discusses the jurisprudential and financial motivations behind traditional banks converted into Islamic banking. Moreover, it discusses the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) conversion standard. The study suggests that the conventional banks must commit with all conditions to successfully complete the conversion process and to be fully committed with Sharia law.",
keywords = "AAOIFI, Islamic banks, conversion, jurisprudence",
author = "Fatma Zaki and Khaled Hussainey",
year = "2015",
month = dec,
day = "7",
doi = "10.13135/2421-2172/1111",
language = "English",
volume = "3",
pages = "1--8",
journal = "European Journal of Islamic Finance",
issn = "2421-2172",

}

RIS

TY - JOUR

T1 - Conversion into Islamic banks

T2 - jurisprudence, economic and AAOIFI requirements

AU - Zaki, Fatma

AU - Hussainey, Khaled

PY - 2015/12/7

Y1 - 2015/12/7

N2 - The objective of this study is to investigate the conventional banks conversion into Islamic banks. It provides a significant opportunity to develop the understanding of the Sharia requirement to conversion process and what the conventional banks have to do in order to be converted into Islamic banks. In addition, it discusses the jurisprudential and financial motivations behind traditional banks converted into Islamic banking. Moreover, it discusses the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) conversion standard. The study suggests that the conventional banks must commit with all conditions to successfully complete the conversion process and to be fully committed with Sharia law.

AB - The objective of this study is to investigate the conventional banks conversion into Islamic banks. It provides a significant opportunity to develop the understanding of the Sharia requirement to conversion process and what the conventional banks have to do in order to be converted into Islamic banks. In addition, it discusses the jurisprudential and financial motivations behind traditional banks converted into Islamic banking. Moreover, it discusses the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) conversion standard. The study suggests that the conventional banks must commit with all conditions to successfully complete the conversion process and to be fully committed with Sharia law.

KW - AAOIFI

KW - Islamic banks

KW - conversion

KW - jurisprudence

UR - http://www.ojs.unito.it/index.php/EJIF/about/editorialPolicies#openAccessPolicy

U2 - 10.13135/2421-2172/1111

DO - 10.13135/2421-2172/1111

M3 - Article

VL - 3

SP - 1

EP - 8

JO - European Journal of Islamic Finance

JF - European Journal of Islamic Finance

SN - 2421-2172

ER -

ID: 4815806