Conceptualizing the theory of Islamic bank rent and institutional understanding on Murabaha syndrome

2017 Fiscal Year Final Research Report

• Project/Area Number: 15K03374
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Economic theory
• Research Institution: Ritsumeikan Asia Pacific University
• Principal Investigator: SUZUKI Yasushi 立命館アジア太平洋大学, 国際経営学部, 教授 (00350752)
• Research Collaborator: UDDIN S. M. Sohrab チッタゴン大学, 教授 ; PRAMONO Sigit イスラム経済研究所, 会長 ; MIAH Md. Dulal ニズワ大学, 講師 ; KHAN Shoaib ハリプール大学, 講師
• Project Period (FY): 2015-04-01 – 2018-03-31
• Keywords: イスラム銀行 / ムラバハ / ムシャラカ / インドネシア / バングラデシュ / マレーシア / パキスタン / 湾岸諸国

Outline of Final Research Achievements

This research sheds an analytical light on the reality of 'murabaha syndrome' into which Islamic banks have fallen, by means of conducting an extensive comparative study on the cases of Asian Muslim countries such as Indonesia, Malaysia, Bangladesh and Pakistan, as well as the cases of Gulf Cooperation Council (GCC) countries. One of the contributions by this research is to point out that under the governmental initiatives, Malaysian and Bahrain Islamic banks were given the opportunity to capture 'rents for learning' to enable them to acquire the base of profitability and stability enough to compete with conventional banks, while Indonesian Islamic banks were not given such bank rent opportunity and were just exposed to severe market competition with conventional banks. This failure in Indonesia may have undermined the profitability and stability of Islamic banks, resulting in the extraordinarily low level of market penetration by Islamic banks in Indonesia.

Free Research Field

比較金融制度論