... Sukuk Diminishing Musharaka Ijarah Market-based Murabaha Islamic banking was started in last quarter of twentieth century and got momentum in the first decade of the twenty-first century. Global volume of assets under the Islamic financial system has reached US$2,000bn by the end of December...

... versa. The larger the value of this index, the more efficient are markets relative to banks. According to Levine (2002) , negative scores are the result of relatively higher bank efficiency and for this reason a sign for bank dominance. In a market‐based financial system the positive index value...