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Oiling global capital accumulation : analyzing the principles, practices and geographical distribution of Islamic financial services

David Bassens (UGent) , Ben Derudder (UGent) and Frank Witlox (UGent)
(2011) SERVICE INDUSTRIES JOURNAL. 31(3). p.327-341
Author
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Abstract
This article focuses on the Islamic financial services (IFS) sector, which originated in the Middle East, but is now rapidly becoming a global sector. First, Islamic economic ideology is discussed, which resulted in the foundation of IFS firms after the 1973 oil crisis, and then an overview of the most common IFS is provided. The third part discusses the global distribution of IFS firms and Shari'a compliant assets. The Middle East is at the apex of the IFS sector, with the Islamized economies of Iran and Pakistan and prime hubs such as Manama and Dubai. Outside the Middle East, Malaysia is identified as an important growing market for IFS, while outside the Muslim world, London is increasingly profiling itself as a global IFS hub.
Keywords
Middle East, Islamic banking, ethic banking, emerging markets, petrodollars, ECONOMICS, BANKING

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Citation

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MLA
Bassens, David, et al. “Oiling Global Capital Accumulation : Analyzing the Principles, Practices and Geographical Distribution of Islamic Financial Services.” SERVICE INDUSTRIES JOURNAL, vol. 31, no. 3, 2011, pp. 327–41.
APA
Bassens, D., Derudder, B., & Witlox, F. (2011). Oiling global capital accumulation : analyzing the principles, practices and geographical distribution of Islamic financial services. SERVICE INDUSTRIES JOURNAL, 31(3), 327–341.
Chicago author-date
Bassens, David, Ben Derudder, and Frank Witlox. 2011. “Oiling Global Capital Accumulation : Analyzing the Principles, Practices and Geographical Distribution of Islamic Financial Services.” SERVICE INDUSTRIES JOURNAL 31 (3): 327–41.
Chicago author-date (all authors)
Bassens, David, Ben Derudder, and Frank Witlox. 2011. “Oiling Global Capital Accumulation : Analyzing the Principles, Practices and Geographical Distribution of Islamic Financial Services.” SERVICE INDUSTRIES JOURNAL 31 (3): 327–341.
Vancouver
1.
Bassens D, Derudder B, Witlox F. Oiling global capital accumulation : analyzing the principles, practices and geographical distribution of Islamic financial services. SERVICE INDUSTRIES JOURNAL. 2011;31(3):327–41.
IEEE
[1]
D. Bassens, B. Derudder, and F. Witlox, “Oiling global capital accumulation : analyzing the principles, practices and geographical distribution of Islamic financial services,” SERVICE INDUSTRIES JOURNAL, vol. 31, no. 3, pp. 327–341, 2011.
@article{1104486,
  abstract     = {This article focuses on the Islamic financial services (IFS) sector, which originated in the Middle East, but is now rapidly becoming a global sector. First, Islamic economic ideology is discussed, which resulted in the foundation of IFS firms after the 1973 oil crisis, and then an overview of the most common IFS is provided. The third part discusses the global distribution of IFS firms and Shari'a compliant assets. The Middle East is at the apex of the IFS sector, with the Islamized economies of Iran and Pakistan and prime hubs such as Manama and Dubai. Outside the Middle East, Malaysia is identified as an important growing market for IFS, while outside the Muslim world, London is increasingly profiling itself as a global IFS hub.},
  author       = {Bassens, David and Derudder, Ben and Witlox, Frank},
  issn         = {0264-2069},
  journal      = {SERVICE INDUSTRIES JOURNAL},
  keywords     = {Middle East,Islamic banking,ethic banking,emerging markets,petrodollars,ECONOMICS,BANKING},
  language     = {eng},
  number       = {3},
  pages        = {327--341},
  title        = {Oiling global capital accumulation : analyzing the principles, practices and geographical distribution of Islamic financial services},
  url          = {http://dx.doi.org/10.1080/02642060802712830},
  volume       = {31},
  year         = {2011},
}

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