Developing the Islamic Financial Services sector in Italy: An institutional theory perspective

Petracci, B; Rammal, HG

Developing the Islamic Financial Services sector in Italy: An institutional theory perspective

Petracci, B Rammal, HG

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Publication Type:: Journal Article
Citation:: Journal of Financial Services Marketing, 2014, 19 (3), pp. 198 - 207
Issue Date:: 2014-01-01

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Field	Value	Language
dc.contributor.author	Petracci, B	en_US
dc.contributor.author	Rammal, HG https://orcid.org/0000-0002-3346-080X	en_US
dc.date.issued	2014-01-01	en_US
dc.identifier.citation	Journal of Financial Services Marketing, 2014, 19 (3), pp. 198 - 207	en_US
dc.identifier.issn	1363-0539	en_US
dc.identifier.uri	http://hdl.handle.net/10453/116256
dc.description.abstract	© 2014 Macmillan Publishers Ltd. The growth of the Islamic Financial Services (IFS) sector has received much attention recently due to the resilience demonstrated by the sector during the financial crisis. While IFS continue to grow rapidly in much of Asia, there has been limited institutional support for the development of the sector in Europe, which has historically been slow to realize the sector's potential. Italy is one such country in Europe that has a growing Muslim population but has yet to develop the IFS sector. Using the institutional theory perspective, we highlight the role the Italian government can play in developing the regulative elements that facilitate the establishment of the IFS sector, and the introduction of Islamic financial products in the country. We propose that a developed IFS sector in Italy would help attract investment from countries in the Middle East and North African region, and would also facilitate the financial inclusion of the Muslim population in the domestic market.	en_US
dc.relation.ispartof	Journal of Financial Services Marketing	en_US
dc.relation.isbasedon	10.1057/fsm.2014.21	en_US
dc.title	Developing the Islamic Financial Services sector in Italy: An institutional theory perspective	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	19	en_US
utslib.for	1505 Marketing	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
utslib.copyright.status	closed_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	19	en_US

Abstract:

© 2014 Macmillan Publishers Ltd. The growth of the Islamic Financial Services (IFS) sector has received much attention recently due to the resilience demonstrated by the sector during the financial crisis. While IFS continue to grow rapidly in much of Asia, there has been limited institutional support for the development of the sector in Europe, which has historically been slow to realize the sector's potential. Italy is one such country in Europe that has a growing Muslim population but has yet to develop the IFS sector. Using the institutional theory perspective, we highlight the role the Italian government can play in developing the regulative elements that facilitate the establishment of the IFS sector, and the introduction of Islamic financial products in the country. We propose that a developed IFS sector in Italy would help attract investment from countries in the Middle East and North African region, and would also facilitate the financial inclusion of the Muslim population in the domestic market.

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http://hdl.handle.net/10453/116256