Article info

Keywords

• Financial Intermediation
• Islamic Banking.
• Trends of Researchers

Abstract

The Islamic Banking and Financial system is said to be lacking a comprehensive study that identifies its general conceptual framework. In turn, that lack of conceptual framework has evidently impacted its actual implementations and made the whole industry looks like its conventional counterparty. In an endeavor to avoid the undesired implementations and to enhance the performance of the industry, a significant body of scholarship by many researchers has evolved. However, the industry has still been under a great criticism of its performance. This study aims at exploring the industry of Islamic banking and finance by examining and discussing the main trends in the current literature. Additionally, this study has adopted the qualitative methodology, as such a critical review as well as a document analysis of the literature will be conducted. This research has adopted the inductive methodology by reviewing the current literature and critically analyzing it. This research has concluded that the industry of Islamic banking and finance is very comprehensive by nature, because of its direct involvement in investment and trade, partnerships and financial intermediation.