Islamic Finance and Conventional Financial Systems - Market Trends, Supervisory Perspectives and Implications for Central Banking Activity

Islamic Finance and Conventional Financial Systems - Market Trends, Supervisory Perspectives and Implications for Central Banking Activity

Islamic Finance and Conventional Financial Systems - Market Trends, Supervisory Perspectives and Implications for Central Banking Activity

The paper analyses Islamic finance from the central bank and supervisory authority’s perspective, focusing on the European and Italian context. It depicts a rapidly expanding sector, with recent annual growth rates of between 10 and 15 percent and a geographical presence that now reaches several Western countries.

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