2021
DOI: 10.5296/ifb.v8i1.18740
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History of Banking in Sudan (Conventional and Islamic): A Critical Review (1903-2019)

Abstract: This paper critically reviews the developmental stages of banking (Conventional and Islamic) in Sudan throughout the last 115 years (1903-2019). Historical and descriptive-analytical approaches were used. Historical data collected from the annual reports of The Central Bank of Sudan and relevant studies were used to describe and compare stages during that period. The results indicated that political instability and ideology changes of the state (e.g., Colonialism, independence and democracy, socialism and Isla… Show more

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Cited by 2 publications
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“…The institution was established by the Sudanese government in 1992 under the Banking Business (Organization) Act, 1991. 25 The position of the HSCC is institutionally stronger because it is established by the president. The HSCC is the first shariah economic fatwa institution in the world, and its duties and authorities are directly regulated by law.…”
Section: Shariah Economic Fatwa Institutions: a Comparison With Other...mentioning
confidence: 99%
“…The institution was established by the Sudanese government in 1992 under the Banking Business (Organization) Act, 1991. 25 The position of the HSCC is institutionally stronger because it is established by the president. The HSCC is the first shariah economic fatwa institution in the world, and its duties and authorities are directly regulated by law.…”
Section: Shariah Economic Fatwa Institutions: a Comparison With Other...mentioning
confidence: 99%
“…The death rate of Sudan declined from 12.2 per 1,000 people in 1989 to 7.1 per 1,000 people in 2019. The signature of the Comprehensive Peace Agreement (CPA) between North and South Sudan in 2005 in Kenya after more that two decades of protracted war may have contributed to the improvement of this indicator [29] . Average Value (1989-2019) Source [30] : World and Regional Statistic Table 4 and Figure 5 show that although Angola achieved a high death rate on average of 9.6 per 1,000 people during 1989-2019, it also achieved the highest population growth rate on average of %3.5 compared to Sudan and the rest of the African countries in the study.…”
Section: Background Of Sudan Economymentioning
confidence: 99%