ISLAMIC BANKS VS. INVESTMENT FUNDS: INVESTORS’ STATUS IN THEORY AND PRACTICE

Original scientific paper
Autor: Ahmedin Lekpek
JEL: G21, G23
doi: 10.5937/bankarstvo1602092L
SCINDEX

Summary: From a theoretical point of view, there are certain similarities between Islamic banks and conventional mutual funds, particularly in terms of the fundraising methods. In the paper, we tested that similarity from the practical aspect. A special emphasis is on the advantages and disadvantages of the previously mentioned financial institutions investors’ status. The aim of this study is to compare Islamic banks with generally known conventional financial institutions, such as mutual funds, and, in that way, enable the readers a better understanding of the Islamic banking concept, which is still relatively or completely unknown to the domestic public. The research is based on the comparative method by which we compared the investor’s status in Islamic banks and their status in mutual funds. The significance of this paper’s conclusions is reflected in the fact that readers are given a good basis to regard Islamic banks, whose arrival in Serbia can be expected in the foreseeable future, objectively, taking into consideration primarily the economic principles, benefits and problems of cooperation with Islamic banks.

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