A question of interest : the paralysis of Saudi banking
Author(s)
Bibliographic Information
A question of interest : the paralysis of Saudi banking
Westview Press, 1991
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Note
Includes bibliographical references (p. [293]-296)
Description and Table of Contents
Description
In Saudi Arabia today a classic confrontation between Islamic fundamentalism and modernism has brought the Saudi banking system virtually to a state of paralysis. The debate is between those upholding the traditional Islamic prohibition against charging interest on loans and those who wish to see a modern banking system capable of generating credit to support economic development. Drawing on personal experience, interviews, and unpublished primary sources, Peter Wilson tells a dramatic story of powerful pesonalities, clashing cultures, and often mysterious institutions with a journalists's eye for the telling anecdote as well as for the statistical evidence.
Table of Contents
- The origins of the Kingdom's banking system
- the 12 Saudi banks
- bad loans - the problem begins
- the Saudi stock exchange
- reporting, auditing and internal controls
- joint ventures and waning commitments
- the great experiment - Saudiization
- the Kingdom's three basket cases.
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