National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
Coexistence of Conventional and Islamic Banking: The Impact on Growth and Trade
Hawi, André ; Mejstřík, Michal (advisor) ; Pečená, Magda (referee)
This thesis aims at understanding the impact of Islamic banking development on economic growth and international trade in countries with a dual banking system. For this purpose we use a sample of twenty countries mainly from the Middle East, North Africa, and Southeast Asia during the time period from 1999 through 2014. We employ commonly used panel data estimators such as Pooled OLS and Fixed Effects, as well as the generalized method of moments (GMM) to address a possible endogeneity of the banking development indicators. Our findings show that on the one hand Islamic banking development in countries with a dual banking system hinders economic growth while on the other hand it boosts international trade. The study further discusses why Islamic banking might actually obstruct growth.
The Model of Interest-free Monetary System
HAWI, André
Over the ages, religions varied in their beliefs and teachings, but one of the aspects which most of them shared is the antipathy towards charging interest. Many models and methods that effectively achieve their purpose without relying on interest had been developed and resulted in success. Some of these models were hindered and eventually banned by local authorities, others survive to this day, such as JAK members' bank and the Islamic monetary system. When comparing a loan from an interest-free bank to a loan in a conventional bank the result was a little misleading since the monthly installments in the interest-free bank studied were higher. However when the loan costs of both kinds of banks were compared the interest free bank turned out to be much cheaper. The results and analysis made in this thesis can be further analyzed in the sense of depth, collection of data, and experiments.

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2 Hawi, André
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