This Palgrave Pivot empirically analyzes the role of conventional and interest-free Islamic banking in the growth process of developing Islamic nations. After explaining the theoretical background of this dual banking system structure, the book then empirically analyzes growth in a variety of sectors - such as agriculture, manufacturing, and tourism - in the predominantly Muslim countries of Turkey, Malaysia, Indonesia, and Qatar. Finally, the book concludes with a detailed comparison of policy efficiency surrounding the dual bank structure, providing advice from more successful countries that can be applied to those still struggling to find a balance.

Author Biography

Murat Ustaoglu is Associate Professor of Islamic Economics at Istanbul University, Turkey. He has coauthored two previous Palgrave books, Post-Conflict Syrian State and Nation Building and Islamic Finance Alternatives for Emerging Economies. Ahmet Incekara is Professor of Economics at Istanbul University, Turkey. He coauthored Islamic Finance Alternatives for Emerging Economies with Dr. Ustaoglu.