Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?

Despite Mit Ghamr Savings Bank being established in 1963 in Egypt and being commonly mentioned as the first example of Islamic banking in the world, it is yet to be analysed in depth. With the aim of filling this gap in literature, this paper analyses Mit Ghamr under five sub-sections; general infor...

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Main Author: Zeyneb Hafsa Orhan
Format: Article
Language:English
Published: İlmi Etüdler Derneği (İLEM) 2018-09-01
Series:İnsan & Toplum
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author Zeyneb Hafsa Orhan
author_facet Zeyneb Hafsa Orhan
author_sort Zeyneb Hafsa Orhan
collection DOAJ
description Despite Mit Ghamr Savings Bank being established in 1963 in Egypt and being commonly mentioned as the first example of Islamic banking in the world, it is yet to be analysed in depth. With the aim of filling this gap in literature, this paper analyses Mit Ghamr under five sub-sections; general information about the bank, how its structure was, what the results were, why it was closed, and what happened afterwards. In analysing the bank according to these sub-sections, it is attempted to utilize the ample amount of existing literature directly or indirectly related to the subject. Then, a critical analysis is conducted for each literature source depending on the authenticity of their sources, their use of evidence, and implications. While checking the authenticity, we particularly referring to an edited book written in Turkish including personal notes of Al-Najjar. In the end, we summarize in which aspects the bank seems to be an irreplicable utopia, or a role model.
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institution Kabale University
issn 2146-7099
2602-2745
language English
publishDate 2018-09-01
publisher İlmi Etüdler Derneği (İLEM)
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series İnsan & Toplum
spelling doaj-art-a0069b35519d4cdb9cf15ca1d98ebbbd2025-08-20T03:38:11Zengİlmi Etüdler Derneği (İLEM)İnsan & Toplum2146-70992602-27452018-09-018285102dx.doi.org/10.12658/M0263Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?Zeyneb Hafsa Orhan0İstanbul Sabahattin Zaim UniversityDespite Mit Ghamr Savings Bank being established in 1963 in Egypt and being commonly mentioned as the first example of Islamic banking in the world, it is yet to be analysed in depth. With the aim of filling this gap in literature, this paper analyses Mit Ghamr under five sub-sections; general information about the bank, how its structure was, what the results were, why it was closed, and what happened afterwards. In analysing the bank according to these sub-sections, it is attempted to utilize the ample amount of existing literature directly or indirectly related to the subject. Then, a critical analysis is conducted for each literature source depending on the authenticity of their sources, their use of evidence, and implications. While checking the authenticity, we particularly referring to an edited book written in Turkish including personal notes of Al-Najjar. In the end, we summarize in which aspects the bank seems to be an irreplicable utopia, or a role model.Mit Ghamr Savings Bankrole-modelutopiaIslamic bankingparticipation bankingcritical analysisliterature review
spellingShingle Zeyneb Hafsa Orhan
Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?
İnsan & Toplum
Mit Ghamr Savings Bank
role-model
utopia
Islamic banking
participation banking
critical analysis
literature review
title Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?
title_full Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?
title_fullStr Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?
title_full_unstemmed Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?
title_short Mit Ghamr Savings Bank: A Role Model or an Irreplicable Utopia?
title_sort mit ghamr savings bank a role model or an irreplicable utopia
topic Mit Ghamr Savings Bank
role-model
utopia
Islamic banking
participation banking
critical analysis
literature review
work_keys_str_mv AT zeynebhafsaorhan mitghamrsavingsbankarolemodeloranirreplicableutopia