Document Details

Document Type : Article In Journal 
Document Title :
Islamic Banks and Financial Globalization: The Expected Outcomes and the Required Response
المصارف الإسلامية والعولمة المالية: الآثار المتوقعة وكيفية المواجهة
 
Document Language : Arabic 
Abstract : Jordanian Islamic Banks (JIBs) are facing enormous challenge that is the financial Globalization and liberalization, where the financial openness nationally and internationally took various deep dimensions that affectes economic and financial systems worldwide. This study aims at forming strategic response to assess the JIBs ability to take advantage of the opportunities that may be provided by financial globalization and limit its threats, through assessing the capability of Islamic banks to meet the requirements and challenges of financial globalization, in order to maximize and limit the expected opportunities and threats respectively. The study finds that the financial globalization will have negative effects on Islamic banks’ autonomy and competitive positions. It will also enhance the Islamic banks’ ability to create new investment and liquidity management instruments and methods, and develop the existing ones. In addition to increasing its ability to take advantage of the openness by expanding it’s operations into new markets. The research recommends that there is a need to strengthen cooperation between JIBs and other Islamic banks abroad, and reinforce the leadership role of young employees in the required strategic changes, in addition to moving the responsibilities of (Shari’ah boards supervision) from the Islamic individual banks to the central banks to become (Central Shari’ah Supervision). 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 22 
Issue Number : 2 
Publishing Year : 1430 AH
2009 AD 
Article Type : Article 
Added Date : Tuesday, July 6, 2010 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
أحمد طه العجلونيAl-Ajlouni, Ahmad TahaResearcher Alajlouni69@yahoo.com

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