Question of Interest - The Paralysis of Saudi Banking

In Saudi Arabia today a classic confrontation between Islamic fundamentalism and modernism has brought the Saudi banking system virtually to a state of paralysis. The debate is between those upholding the traditional Islamic prohibition against charging interest on loans and those who wish to see a modern banking system capable of generating credit to support economic development. Drawing on personal experience, interviews, and unpublished primary sources, Peter Wilson tells a dramatic story of powerful personalities, clashing cultures, and often mysterious institutions with a journalists' eye for the telling anecdote as well as for the statistical evidence.

List of contents

The origins of the Kingdom's banking system; the 12 Saudi banks; bad loans - the problem begins; the Saudi stock exchange; reporting, auditing and internal controls; joint ventures and waning commitments; the great experiment - Saudiization; the Kingdom's three basket cases.

About the author

Peter Wilson (Author)

Summary

Drawing on personal experience, interviews, and unpublished primary sources, Peter Wilson tells a dramatic story of powerful personalities, clashing cultures, and often mysterious institutions with a journalists? eye for the telling anecdote as well as for the statistical evidence.

Product details

• Authors: Wilson, Peter Wilson, Peter W Wilson, Peter W. Wilson
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 30.11.2021
• EAN: 9780367015978
• ISBN: 978-0-367-01597-8
• No. of pages: 308
• Subjects: Natural sciences, medicine, IT, technology > Geosciences > Geography; Social sciences, law, business > Social sciences (general); SOCIAL SCIENCE / Regional Studies, POLITICAL SCIENCE / World / Middle Eastern, Middle East, Politics & government, Regional Studies, Politics and government, Regional / International studies