Reality and requirements of Islamic finance “An analytical and forward-looking view"

Abstract

Islamic banking needs sincere attempts to correct its course after nearly fifty years of practice. It has become necessary to revaluate the work of Islamic banks with indicators that differ from the theories of the efficiency of the financial performance of traditional banks. Therefore, we tried to analyze the practical reality of the most important banks through their channels that affect economic growth and explain their efficiency and financing specificities.
Through research, we have concluded that banks have an added value in controlling inflation due to their limited ability to generate money and that they have high efficiency in collecting savings. Likewise, the total employment of its resources to its total resources and the volume of its returns in the largest Islamic banks was comparable with the size of the investment of funds and the return for the traditional banks in the same country of activity. The financing of the economic sector obtained the largest percentage of financing