posted on 2022-10-28, 13:17authored byAliaa Abdallah Tammam
<p>One of the key success
elements of economic development is a well-established, banking system. This
sector is often considered for mobilising savings as credit or investment
tools. In addition, the banking system plays a vital role in increasing
investments to serve the financial resources essential for developmental needs
(Etab, 2016). However, continual financial crises have resulted in troubles in
many conventional banks all over the world. By contrast, the Islamic banks
(IBs) were safeguarded against these crises (Johnes et al., 2014). In fact,
Islamic banking broadened its requests to more investors other than just
traditional Muslims ones. Recently, more than 300 Islamic financial
institutions were established in 70 countries across the world (Johnes et
al., 2014).</p>