Continuation
SUMMARY
The
establishment of “Islamic windows” is particularly important in this context.
The
financial crisis has offered an important yardstick by which one can gauge the:
o
advantages;
o
and disadvantages
of
Islamic finance.
Section
4 provides empirical evidence on how Islamic financial institutions have
performed in relation to conventional ones.
To
this end, it considers the wide body of literature available from two main
perspectives:
(i)
the efficiency and profitability;
(ii)
and the stability and resilience
of
Islamic institutions.
From the research
paper of European Central Bank
(Authors:
F.Mauro, P.Caristi, S.Couderc, A.D.Maria,
L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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