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Islamic banking, its nature and role in economic development

Yap, K.B.ORCID: 0000-0002-9901-2612 and Pecotich, A. (2006) Islamic banking, its nature and role in economic development. In: 31st Annual Macromarketing Seminar: Macromarketing the Future Marketing?, 2 - 5 June 2006, Queenstown, New Zealand

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The wide impact of religion on human life has long been recognized. Islam is a religion that has increased in influence and has strong implication from dayto- day life of consumers. A particular aspect of Islamic law that has had unique impact is Islamic banking. It is our purpose to provide an outline of the nature and scope of Islamic banking and to develop a preliminary conceptual model of its likely effects.

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