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dc.contributor.authorSmolo, Edib
dc.contributor.authorSeho, Mirzet
dc.contributor.authorHassan, M. Kabir
dc.date.accessioned2023-02-28T09:58:08Z
dc.date.available2023-02-28T09:58:08Z
dc.date.issued2020
dc.identifier.citationSmolo, E., Šeho, M., & Hassan, M. K. (2020). Development of Islamic Finance in Bosnia and Herzegovina. Journal of Economic Cooperation and Development (JECD), 41(1), 121-144en_US
dc.identifier.urihttp://hdl.handle.net/20.500.14131/486
dc.description.abstractThis 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.subjectdevelopmenten_US
dc.subjectIslamic bankingen_US
dc.subjecthalal industryen_US
dc.subjectIslamic microfinanceen_US
dc.subjectmicrocrediten_US
dc.subjectShari’ah-complianten_US
dc.subjectBosnia and Hercegovinaen_US
dc.titleDevelopment of Islamic Finance in Bosnia and Herzegovinaen_US
dc.source.journalJournal of Economic Cooperation and Development (JECD)en_US
dc.source.volume41en_US
dc.source.issue1en_US
refterms.dateFOA2023-02-28T09:58:09Z
dc.contributor.researcherExternal Collaborationen_US
dc.source.indexScopusen_US
dc.contributor.departmentFinanceen_US
dc.contributor.firstauthorSmolo, Edib


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