During the last decades, Islamic finance has evolved to become one of
the most dynamic and fast developing business areas in the global
financial industry. Although still a niche market, the segment is
experiencing ever increasing competition and, especially in recent
years, has left its home turf with Islamic financial products being
offered in major markets outside the Muslim world, such as the United
States and Great Britain.
Alexander von Pock develops a holistic conceptual framework for
identifying and testing key success factors of Islamic financial
institutions. The framework integrates insights into the current
practices of Islamic finance, a variety of theories - namely the
market-based view, the resource-based view, and, to some extent, New
Institutional Economics approaches - as well as previous research from
the fields of strategic management and economics. The author is testing
the theoretical framework empirically in a survey of 36 major Islamic
financial institutions based in the Gulf Cooperation Council area and in
Malaysia.