Abstract
This paper aims to explore whether Islamic banking and
finance could be a means of developing new international relations among
Muslim as well as non-Muslim countries. It uses self-administered survey
data and employs descriptive and logistic regression for analysis. The
key findings show that Islamic banking and finance is indeed a means
of building up on new international relations by its integration with
the conventional financial system. It does this by promoting education
and research, and bringing peace and harmony in and among States by
controlling radical elements. Also, it is a means to win friends with
cooperation among Muslim nations and others through interfaith dialogue.
This is the first empirical study of its kind on the matter in question.
Abdul Qayyum Khan, Arshad Ali Bhatti. (2018) Islamic Banking and Finance: A New Paradigm in International Relations, Journal of Islamic Business and Management, Volume 8, Issue 1.
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