"Law and Finance," Journal of Political Economy, vol. 106, pp. 1113–1155. Levine, R. (1997). "Financial Development and Economic Growth: Views and Agenda (371 KB PDF)", Journal of Economic Literature, vol. 35, pp. 688–726. Levine, R. (2005). "Finance and Growth." In: Aghion, P., Durlauf, S. (Eds. ), Handbook of Economic Growth, Elsevier Science, Amsterdam, The Netherlands, Forthcoming. Milesi-Ferretti, G.M., Razin, A. (1998).
While this sector has no room for complacency, as its customers are just as likely to suffer from the economic downturn as those of conventional banks, we nonetheless believe that there are enormous opportunities for Sharia-compliant finance to take up some of the slack created by problems in the conventional financial industry.