INTEGRATION OF TRADITIONAL AND ISLAMIC BANKS: OPPORTUNITIES AND CHALLENGES IN THE GLOBAL FINANCIAL MARKET
Abstract
This article examines the processes of integration of traditional and Islamic banking activities, their impact on the global financial market, and the opportunities and challenges in this area. The study analyzes the economic efficiency of the creation of “Islamic windows” within traditional banks, their role in ensuring financial stability, and the possibilities of diversifying the financial market. It also highlights the importance of this integration in the stability of the banking system in developing countries and attracting foreign investment based on empirical and theoretical approaches. The article reveals the prospects for international financial cooperation and strengthening the position of Islamic finance in the global financial market.
Keywords:
alternative financial market bank integration Islamic banks traditional banks financial inclusion banking sector stability foreign investmentsReferences
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