Download or read book Banking Structure and Sources of Finance in the Middle East and Arab and Islamic Banks written by Ausaf Ahmad and published by . This book was released on 2018 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past decade has witnessed significant developments in the banking structure of the Arab World. The emergence of OPEC, the increase in oil revenues and accumulation of large reserves, led not only to an overall boom of economic activity in the petroleum exporting countries but also necessitated development of various financial and banking institutions. There was a need of new institutions to meet the requirements of accelerated financial transactions and to achieve the integration of national financial systems with the international monetary system. The development of various national banking institutions in the Arab World and establishment of several consortium banks was a response to this new situation.