Jurnal ICMES: The Journal of Middle East Studies
Vol 4 No 2 (2020): Jurnal ICMES: The Journal of Middle East Studies

Perkembangan Keuangan Islam di Eropa

Henny Saptatia D. Nugrahani (Kajian Wilayah Eropa Sekolah Kajian Stratejik dan Global Universitas Indonesia)
Agung Permadi (Kajian Wilayah Eropa Sekolah Kajian Stratejik dan Global Universitas Indonesia)
Yulinar Amalia Masfufah (Unknown)



Article Info

Publish Date
20 Dec 2020

Abstract

This study analyzes the implications of cooperation between United Kingdom (UK) and Bahrain, especially the international financial institution Al-Baraka, in developing Islamic banking. The UK is a non-Middle Eastern country that has developed Islamic finance since the entry of the Al-Baraka international financial institution from Bahrain in 1982. At present, the UK is the centre of Islamic banking in Europe and plays an essential role in the Islamic banking sector. This study analyzes the British policy in opening up the Islamic Bank of Britain (IBB) and the cooperation process with the Al-Baraka financial institution from an international relations perspective. The theory used in this qualitative research is the Regional Security Complex. The concept of amity and enmity in the Regional Security Complex is used to see how this collaboration could be established. The findings of this study are that the UK is a potential market in the development of Islamic banking in Europe and the cooperation that existed between Britain and Bahrain in the development of Islamic banking occured in the dynamics of amity and enmity. Between the two parties, there was not only friendly relations but also British suspicion of Al-Baraka financial institution which has the potential to become a dominant financial institution and displace conventional financial institutions.

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Journal Info

Abbrev

jurnalICMES

Publisher

Subject

Economics, Econometrics & Finance Energy Law, Crime, Criminology & Criminal Justice

Description

Jurnal ICMES is published by the independent research institute, Indonesia Center for Middle East Studies (ICMES). This journal seeks to publish balanced writings that enlightens the public and provides appropriate information about the Middle East in various aspects ranging from politics, ...