Islamic Finance And Africa S Economic Resurgence

Author : Muhammad Al Bashir Muhammad Al Amine
Publisher : Springer
Page : 384 pages
File Size : 54,9 Mb
Release : 2016-06-08
Category : Business & Economics
ISBN : 9783319288352

Get Book

Islamic Finance and Africa's Economic Resurgence by Muhammad Al Bashir Muhammad Al Amine Pdf

This book analyzes Africa's unprecedented economic growth, the state of its financial sector, and the varied opportunities for Islamic finance investors. It considers the role - potential and realized - of Islamic finance in fostering financial inclusion in areas such as banking, microfinance, capital market development, insurance, and private equity business. The book stresses that investing in Africa through Islamic finance will open new markets, ensure higher profit margins, diversify risk, and create business competition; and that these changes that will provide financial products that can satisfying the desires and beliefs of all consumers and unlock the real potential of the continent's financial system. The book also looks into the rise of international interest in Africa and concludes by scrutinizing the challenges impeding further economic growth, as well as the specific barriers that need to be addressed in order to promote the implementation of Islamic finance. Investors, policymakers, and academics ready to confront these challenges will find much of value in this book.

Author : Muhammad al-Bashir Muhammad al-Amine
Publisher : Unknown
Page : 368 pages
File Size : 42,7 Mb
Release : 2014
Category : Electronic
ISBN : 9960322785

Get Book

Islamic Finance and Africa Economic Resurgence by Muhammad al-Bashir Muhammad al-Amine Pdf

Author : Basheer A. Oshodi
Publisher : Routledge
Page : 282 pages
File Size : 44,9 Mb
Release : 2016-04-15
Category : Business & Economics
ISBN : 9781317181842

Get Book

An Integral Approach to Development Economics by Basheer A. Oshodi Pdf

Developing economies such as those in sub-Saharan Africa are searching for realistic economic policy prescriptions. Despite economic growth in countries like Nigeria, poverty and unemployment blight the lives of many, in the midst of plenty. Simultaneously, much neo-classical economic thought is being questioned against the backdrop of global economic meltdown, giving rise to inquiry about more integral approaches to sustainable development. In An Integral Approach to Development Economics, Basheer Oshodi examines modernization theories, dependency theories, world system theories and emerging 21st century economic theories and links a neo-modern mix of economic thought with the practicalities of finance in parts of the World where poverty is rife. In a specifically African setting, over half of the population are Muslims, Oshodi considers Islamic finance in the context of the triple heritage of indigenous culture, Westernized Christianity, and Islam. He argues that the principles of Islamic banking and finance can be integrated with other elements of that heritage, focusing on meeting the challenges of poverty and unemployment. Islamic finance is not just a religiously-oriented, Sharia-compliant, alternative financial model. It can contribute to overall socio-economic transformation and a wider, people-centred approach to economic development. International organizations, financial institutions, reserve banks, policy makers, donor agencies and students will find resonance in this valuable addition to Gower’s Transformation and Innovation Series.

Author : Zamir Iqbal,Abbas Mirakhor
Publisher : World Bank Publications
Page : 376 pages
File Size : 50,8 Mb
Release : 2013-08-05
Category : Business & Economics
ISBN : 9780821399538

Get Book

Economic Development and Islamic Finance by Zamir Iqbal,Abbas Mirakhor Pdf

Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

Author : Mr.Enrique Gelbard,Mr.Mumtaz Hussain,Mr.Rodolfo Maino,Mr.Yibin Mu,Mr.Etienne B. Yehoue
Publisher : International Monetary Fund
Page : 27 pages
File Size : 49,6 Mb
Release : 2014-08-11
Category : Business & Economics
ISBN : 9781498348669

Get Book

Islamic Finance in Sub-Saharan Africa by Mr.Enrique Gelbard,Mr.Mumtaz Hussain,Mr.Rodolfo Maino,Mr.Yibin Mu,Mr.Etienne B. Yehoue Pdf

Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant to the region, in particular the ability to foster SMEs and micro-credit activtities. As a first step, policy makers could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign investors. The entrance of full-fleged Islamic banks require addressing systemic issues, and adapting the crisis management and resolution frameworks. The IMF can play a role by sharing international experiences and providing advice on supervisory and regulatory frameworks as needed.

Author : Hossein Askari,Zamir Iqbal,Abbas Mirakhor
Publisher : John Wiley & Sons
Page : 268 pages
File Size : 47,6 Mb
Release : 2011-12-19
Category : Business & Economics
ISBN : 9781118179642

Get Book

New Issues in Islamic Finance and Economics by Hossein Askari,Zamir Iqbal,Abbas Mirakhor Pdf

New Issues in Islamic Finance & Economics: Progress and Challenges provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

Author : Nafis Alam,Syed Aun R. Rizvi
Publisher : Springer
Page : 129 pages
File Size : 43,5 Mb
Release : 2017-08-25
Category : Business & Economics
ISBN : 9783319479378

Get Book

Islamic Economies by Nafis Alam,Syed Aun R. Rizvi Pdf

This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in the empirical research. It then goes on to discuss the role of institutions in economic growth for Islamic countries, and the fiscal aspects of Islamic economics. It explores issues in debt and growth, as well as the instruments of monetary management in Islamic economics. It analyses the trade-off between growth and stability and concludes with discussion of Zakat and Waqf in driving growth.

Author : Murat USTAOĞLU,Ahmet İNCEKARA
Publisher : Springer
Page : 130 pages
File Size : 46,9 Mb
Release : 2017-07-20
Category : Business & Economics
ISBN : 9783319595542

Get Book

Balancing Islamic and Conventional Banking for Economic Growth by Murat USTAOĞLU,Ahmet İNCEKARA Pdf

This Palgrave Pivot empirically analyzes the role of conventional and interest-free Islamic banking in the growth process of developing Islamic nations. After explaining the theoretical background of this dual banking system structure, the book then empirically analyzes growth in a variety of sectors - such as agriculture, manufacturing, and tourism - in the predominantly Muslim countries of Turkey, Malaysia, Indonesia, and Qatar. Finally, the book concludes with a detailed comparison of policy efficiency surrounding the dual bank structure, providing advice from more successful countries that can be applied to those still struggling to find a balance.

Author : Hossein Askari,Zamir Iqbal,Abbas Mirakhor
Publisher : John Wiley & Sons
Page : 225 pages
File Size : 40,9 Mb
Release : 2011-11-11
Category : Business & Economics
ISBN : 9781118178904

Get Book

Globalization and Islamic Finance by Hossein Askari,Zamir Iqbal,Abbas Mirakhor Pdf

This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems. Dr. Umer Chapra Prominent Scholar of Islamic Economics and currently Research Advisor Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) Globalization and Islamic Finance, by three well-respected authors in Islamic finance, provides a thought-provoking analysis of an important and topical issue, particularly, given the global impact of the current financial and economic crises. The book is the first attempt to make a compelling case of convergence between globalization and Islamic finance. Askari, Iqbal and Mirakhor should be praised for this serious effort, which is a must-read for academics and practitioners interested in Islamic finance. Professor Rifaat Ahmed Abdel Karim Secretary General Islamic Financial Services Board (IFSB) This book has a robust discussion of the growth and spread of Islamic finance within the umbrella of globalization. The book provides a unique view of Islamic finance, not only from the perspective of how Islamic finance fits within globalization in general, but globalization of finance in particular. This is a must read for anyone interested in the complex and complicated world of Islamic finance. Scheherazade S. Rehman, Ph.D. Director, European Union Research Center Professor of International Finance, School of Business The George Washington University I have not come across any literature that has delved so intensely in financial globalization, in particular Islamic finance. Due to this reason, I would encourage all interested in this area to read this book. Hajah Salma Latiff Managing Director, Crescent Sdn. Bhd. Former Director, Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam The recent crisis has evoked wide interest in Islamic finance publications. Globalization and Islamic Finance is both timely and needed. Sani Hamid Director, Wealth Management Financial Alliance (Singapore)

Author : Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Muhammad Khaleequzzaman
Publisher : Springer Nature
Page : 262 pages
File Size : 52,7 Mb
Release : 2020-07-01
Category : Business & Economics
ISBN : 9783030399351

Get Book

Enhancing Financial Inclusion through Islamic Finance, Volume I by Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Muhammad Khaleequzzaman Pdf

This book, the first of two volumes, highlights the concept of financial inclusion from the Islamic perspective. An important element of the Sustainable Development Goals (SDGs), financial inclusion has been given significant prominence in reform and development agendas proposed by the United Nations and G-20. The significance of Islamic financial inclusion goes beyond improved access to finance to encompass enhanced access to savings and risk mitigation products, as well as social inclusion that allows individuals and companies to engage more actively in the real economy. It represents one of the important drivers of economic growth. Gender disparity exists within financial access and its extent varies widely across world economies. South Asia, the Middle East and North Africa have the largest gender gaps, with women in these regions being forty per cent less likely than men to have a formal account at a financial institution. Analysing how Islamic financial inclusion can empower individuals, this volume explores the contribution of Islamic microfinance in achieving SDGs and solving income and wealth inequality. Comprising a combination of empirical evidence, theory and modelling, this edited collection illustrates how to improve access to finance, making it essential reading for those researching both Islamic finance and development finance.

Author : Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Mohamed Hassan Azrag
Publisher : Springer Nature
Page : 393 pages
File Size : 40,7 Mb
Release : 2020-07-01
Category : Business & Economics
ISBN : 9783030399399

Get Book

Enhancing Financial Inclusion through Islamic Finance, Volume II by Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Mohamed Hassan Azrag Pdf

This book is the second of two volumes which highlight the concept of financial inclusion from the Islamic perspective. An important element of the Sustainable Development Goals (SDGs), financial inclusion has been given significant prominence in reform and development agendas proposed by the United Nations and G-20. The significance of Islamic financial inclusion goes beyond improved access to finance to encompass enhanced access to savings and risk mitigation products, as well as social inclusion that allows individuals and companies to engage more actively in the real economy. It represents one of the important drivers of economic growth. This volume explores the financial risks associated with lending to low-income groups due to high poverty levels and the lack of collateralization mechanisms. The first book on the market to provide empirical evidence of Islamic microfinance, deposit insurance and micro-entrepreneurship through the analysis of models and country case studies, this edited collection will be of value to those researching development finance, financial inclusion and Islamic finance.

Author : Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti
Publisher : Routledge
Page : 346 pages
File Size : 40,9 Mb
Release : 2019-08-23
Category : Business & Economics
ISBN : 9780429553035

Get Book

The Growth of Islamic Finance and Banking by Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti Pdf

This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field. The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models. This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.

Author : M. Iqbal,A. Ahmad
Publisher : Palgrave Macmillan
Page : 304 pages
File Size : 48,7 Mb
Release : 2005-10-28
Category : Business & Economics
ISBN : 140394718X

Get Book

Islamic Finance and Economic Development by M. Iqbal,A. Ahmad Pdf

Over the last thirty years, Islamic banking has emerged as a viable and efficient model of financial intermediation. In conventional economic systems, the interest rate mechanism is at the heart of that process, however the Islamic financial system cannot rely on that mechanism. With this fact considered, this volume explores the role of Islamic finance in promoting growth and development. It highlights the benefits that Islamic banking can bring to society as an alternative model of financial intermediation and presents interesting case studies that examine certain features of Islamic finance and their relationship with growth, economic and financial stability, allocative efficiency and social justice.

Author : Dana T. Redford
Publisher : Emerald Group Publishing
Page : 313 pages
File Size : 41,9 Mb
Release : 2017-05-11
Category : Business & Economics
ISBN : 9781787141872

Get Book

Developing Africa’s Financial Services by Dana T. Redford Pdf

Financial services are an essential element in powering entrepreneurial activity beyond resource extraction in Africa. This book examines the macro-trends and highlights inspiring success stories of entrepreneurial financial sector ventures that are making a lasting contribution to the economic development of various sub-Saharan African countries.

Author : Accounting and Auditing Organization for Islamic Financial Institutions
Publisher : Euromoney Books
Page : 274 pages
File Size : 46,6 Mb
Release : 2002
Category : Banks and banking
ISBN : STANFORD:36105026602479

Get Book

Islamic Finance by Accounting and Auditing Organization for Islamic Financial Institutions Pdf

The book examines Islamic finance and Sharia compliant structures in the retail and private banking sector; trade and commodity finance; project finance; leasing and property finance; corporate finance; and risk management and concludes with a discussion of challenges the sector faces.