Aims And Objectives Dissertation Introductions Examples

Type of paper: Dissertation Introduction

Topic: Banking, Finance, Business, Middle East, Muslim, Islam, System, Development

Pages: 5

Words: 1375

Published: 2020/12/03


The mortgage services and products offered by conventional banks are different from those given by Islamic finance banks. Though the conventional financial banking concentrates principally on the financial and financial parts of exchanges, the Islamic system spots square with accentuation on the moral, good, social, and religious measurements, to upgrade fairness and reasonableness the standards of Islamic law and its handy application through the advancement of Islamic financial matters. Professionals and customers require not be Muslims, yet they must acknowledge the moral limitations underscored by Islamic values. There is currently expanding request in the Arabian Gulf area for Islamic speculation items that fulfill the criteria for moral or socially dependable venture, Islamic financial items have additionally risen in different locales where Muslim speculators have searched out items that are perfect with their convictions (Alshelfan, 2014). In this way, the traditional financial system would be insightful to consider Islamic financial standards so as to draw in more Muslim financial specialists to join their non-Muslim partners in improving the worldwide economy.

The aims of this research
There is an apparent distinction in the mortgage services and products provided by conventional finance banks and Islamic finance banks. The methodology of mortgage services for conventional financial banks is same in every bank; however, the services provided by Islamic banks are based on Islamic law and regulations called Sharia. While the traditional financial system concentrates essentially on the monetary and financial parts of exchanges, the Islamic system spots meet accentuation on the moral, good, social, and religious measurements, to improve balance and reasonableness for the benefit of society all in all. The aim of this research is to examine and evaluate the performance of Islamic finance versus conventional finance in the context of mortgage services provided by them. The research is carried out by conducting interviews with both types of bank and by circulating questionnaires in more than five banks. The basic focus of this research is on the mortgage services provided in Kuwait.

The Objectives

The essential structure of an Islamic financial system is a situated of standards and laws, altogether alluded to as shariah, representing financial, social, political, and social parts of Islamic social orders. Shariah begins from the guidelines managed by the Quran and its practices, and clarifications rendered (all the more generally known as Sunnah) by the Prophet Muhammad. Further elaboration of the standards is given by researchers in Islamic law inside the system of the Quran and Sunnah. Following are the objectives of this research:
1. One of the objectives of the study is to identify the basic principles of Islamic Finance.
2. Identify the different instruments used in Islamic Finance and how it is different from conventional Finance.
3. Evaluate the comparison and difference in the performance of Islamic finance and conventional finance with respect to customer preference regarding mortgages.

Dissertation Structure

The research is conducted in five chapters. Chapter 1 is based upon the aims and objectives of this research. The aim of this research is to analyze and evaluate the performance of Islamic finance versus conventional finance in the context of mortgages. It also includes the history of Islamic banking and Islamic banking in Kuwait. Second chapter is the literature review. It highlights the concept and principles of Islamic finance, the predominate instruments of Islamic finance, comparison between Islamic and conventional finance, Islamic mortgages instruments and investigation on the Islamic financial tools and overall customer preference. Chapter 3 is the methodology section. This chapter illustrates how the research was conducted; which tools and methods are used to collect data; what are the advantages and disadvantages of the methods used; sources of data and what are the limitations of approaches used. Chapter 4 is the discussion and finding section, where we consolidate our findings and discuss the results. Chapter 5 is the conclusion, where we give a summary of the report and discuss what was learnt through this dissertation. At the end of the report are the references used.

What is Islamic Finance?

The Islamic financial system is established on indisputably the disallowance of the installment or receipt of any foreordained, ensured rate of return. This shuts the way to the idea of investment and blocks the involvement of obligation based instruments. There is great potential for financial innovation and expansion in Islamic financial markets. Basic instruments include leasing (ijara), profit-sharing mudaraba), cost-plus financing (Murabaha), partnership (musharaka), and forward sale (bay’ Salam). They are the basic building blocks for developing a wide array of more complex financial instruments (, 2015).
Islamic banks take after the tenets of Sharia, wherein Islamic religion does not involve any premium charges as a part of their exchanges in the opposite with traditional banks. Islamic banking alludes to an arrangement of banking, which is agreeable to religious law called Shari'a, guided by Islamic standards of an indispensable and simply society. Depicting the Islamic financial system essentially as "investment free" does not give a genuine picture of the system, in general. Without a doubt, forbidding the receipt and installment of investment is the core of the system, yet it is upheld by different standards of Islamic teaching supporting danger offering, people's rights and obligations, property rights, and the sacredness of agreement (, 2015).

History of Islamic Finance

The foundation of the Islamic bank occurred in 1960's. However, banking exercises exist before the 1960's in the Islamic history; in 1963 in Egypt the primary model of Islamic banking framework came into the picture (Alshelfan, 2014). Ahmad Al-Najjar founded this bank and the key objectives as profit sharing on the nonpremium based logic of the Islamic Shariah. These banks were really more than financial organizations as opposed to business banks as they pay or charge enthusiasm on exchanges. In 1974, the Organization of Islamic Countries (OIC) had created the first Islamic bank called the Islamic Development Bank or IDB (, 2015). The fundamental plan of action of this bank was to give financial aid and backing on benefit offering (Alshelfan, 2014).
Before the end of 1970, few Islamic banking frameworks have been made throughout the Muslim world, including the first private business bank in Dubai in 1975, the Faisal Islamic bank of Sudan in 1977 and the Bahrain Islamic bank in 1979. Islamic fund was rehearsed transcendently in the Muslim world all through the middle Ages, encouraging exchange and business exercises with the advancement of credit (Alshelfan, 2014). In Spain, the Mediterranean and Baltic states set up Islamic banking afterward. Indeed, numerous ideas, systems, and instruments of Islamic money were later embraced by European lenders and representatives. Indeed, all the prior references to business or trade exercises fitting in with Islamic standards were made under the umbrella of either "premium free" or "Islamic" banking (, 2015).

Islamic Finance in Kuwait

Islamic banking as of now has a solid vicinity in Kuwait. With various imaginative moneylenders contending in the area and help and administrative oversight from the nation's national bank, it looks just as the business can just turn into a more noticeable apparatus on the nation's financial scene (Hartley, 2014).
The Islamic banking framework in Kuwait has gone from quantity to quality lately, as it has done in numerous parts of the world. This means that there is more focus on the quality of the deposits rather than bring in more deposits. Kuwait Finance House (KFH) is viewed as a pioneer in the banking marvel known as Islamic Finance or Shari'a Compliant Banking. KFH is the first Islamic bank built in the State of Kuwait and today it's one of the principal Islamic financial foundations on the planet. The robust development of the business sector has represented the solid request in the nation for items and administrations that are agreeable to sharia law, and further development is normal in 2014 (Kuwait Finance House, 2015).
As per industry research, there are over 600 Islamic financial institutions and banks, and four out of nine banks are Islamic. In 2013, Kuwait's Islamic banking resources grew by 8.7% in the initial nine months, to achieve a sum of 37.6 billion$ and Islamic financing became by 11.2% to achieve 13.5 billion in the same period. In the last quarter, Islamic banks resources raised 8.4% to make 14.6 billion in the later period (Hartley, 2014)). This development surpassed that of the general banking part in Kuwait, which recorded 7.1% development in resources, 7.5% development in credits and a 7.2% development in banks amid the same period. Islamic banking resources represented 45.2% of aggregate Kuwaiti banking resources in the second from last quarter of 2013 (Kuwait Finance House, 2015). 


Alshelfan, A. (2014). Retrieved 26 February 2015, from,. (2015). Institute of Islamic Banking and Insurance - Islamic Financial System. Retrieved 26 February 2015, from
Kuwait Finance House,. (2015). Kuwait Finance House. Retrieved 26 February 2015, from
Hartley, R. (2014). Kuwait progresses towards Islamic banking vision. Retrieved 26 February 2015, from

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