The Futures of Islamic Banking in the Gulf Cooperation Council (GCC)

The purpose of this paper is to discuss the discourses that concern the futures of Islamic banking in the Gulf Cooperation Council (GCC). The Futures Triangle method is employed to provide insights into existing social dynamics affecting Islamic Banking. These futures will be profoundly affected by knowing whether the factors that contributed to the establishment of Islamic banking and finance are still in existence and still effective or not. A discussion on what the future directions of those factors are and whether they will evolve to become new factors is also included.