Wednesday, March 14, 2018

Islamic finance in Europe (152)


Continuation
The bank with Islamic window can continue to service its conventional customers while expanding its Islamic financial activities.
That is a clear advantage of having an Islamic window.
SWOT analysis of fully fledged implementation
STRENGTHS
-      No possibility of commingling Islamic and conventional bank funds;
-      Dedicated:
o   staff
o   and resources
for servicing customer needs;
-      Increased responsibility and accountability;
-      Greater autonomy and a relatively efficient decision-making process;
-      Any parent company crisis is likely to have a minimal impact on an Islamic subsidiary.
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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