Development of Islamic Finance in Bosnia and Herzegovina
dc.contributor.author | Smolo, Edib | |
dc.contributor.author | Seho, Mirzet | |
dc.contributor.author | Hassan, M. Kabir | |
dc.date.accessioned | 2023-02-28T09:58:08Z | |
dc.date.available | 2023-02-28T09:58:08Z | |
dc.date.issued | 2020 | |
dc.identifier.citation | Smolo, E., Šeho, M., & Hassan, M. K. (2020). Development of Islamic Finance in Bosnia and Herzegovina. Journal of Economic Cooperation and Development (JECD), 41(1), 121-144 | en_US |
dc.identifier.uri | http://hdl.handle.net/20.500.14131/486 | |
dc.description.abstract | This paper represents the analysis of Islamic finance development in Balkan with a case study of Bosnia and Herzegovina (B&H). In this analysis we will use the data from the local Islamic financial institutions and global reports with regard to the Islamic finance industry. Since Islamic finance has been practiced in B&H for years, its development has seen a remarkable success. Islamic banking, led by Bosnia Bank International (BBI), is the major player in the field. However, the industry faces a number of issues and challenges that impede its further development. Among major issues are a lack of legal and regulatory framework(s), a low level of public awareness about Islamic finance that leads to a low demand for its products, and a lack of government support for its development. Thus, in order for Islamic finance to develop further within the Balkan countries there is a need for a better promotion, legal and regulatory framework that will facilitate this endeavor and new players that will increase competition and add additional value to this market. | en_US |
dc.subject | development | en_US |
dc.subject | Islamic banking | en_US |
dc.subject | halal industry | en_US |
dc.subject | Islamic microfinance | en_US |
dc.subject | microcredit | en_US |
dc.subject | Shari’ah-compliant | en_US |
dc.subject | Bosnia and Hercegovina | en_US |
dc.title | Development of Islamic Finance in Bosnia and Herzegovina | en_US |
dc.source.journal | Journal of Economic Cooperation and Development (JECD) | en_US |
dc.source.volume | 41 | en_US |
dc.source.issue | 1 | en_US |
refterms.dateFOA | 2023-02-28T09:58:09Z | |
dc.contributor.researcher | External Collaboration | en_US |
dc.source.index | Scopus | en_US |
dc.contributor.department | Finance | en_US |
dc.contributor.firstauthor | Smolo, Edib |