Role of Palestinian Islamic Banks in Promoting Economic Activity and Concentration of Financing Modes Around Ownership and Debt Perceptions


April 30, 2017
Role of Palestinian Islamic Banks in Promoting Economic Activity and Concentration of Financing Modes Around Ownership and Debt Perceptions
Dr. Azmi Wasfi Awadh

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Issue

The study aims to evaluate the role of the Palestinian Islamic banks, it also describe the ratio of ownership and debt based financing deployed by Palestinian Islamic bans, similarly the role of Islamic banks in the financing of economic activity to support Palestinian development. The study concluded to the importance of the role played by Islamic banks in the financing of development theoretically, However, the analytical results of the role of the Palestinian Islamic banks in the development of economic activity confirmed that its below expectations and desired level, and its role was not active in comparison with the level of success achieved in the compilation of Savings, and that the results also appeared misallocation funds granted by the Palestinian Islamic banks to various economic sectors, The study also showed that Islamic banks were restricted in their use of the tools of Islamic financing instruments based on the concept of indebtedness, and in particular on the Murabaha tool , and partially ignored the existing of the financing instruments based on the concept of ownership which weakened its role in achieving economic development, and the researcher presented several recommendations about the revitalization of the developmental role of the Palestinian Islamic banks.

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