What is it about?
To assess the need as well as progress with regards to financial inclusion in Islamic banking globally.
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Why is it important?
Financial inclusion is part of the agenda for multilateral development banks. Empirical literature supports finance-economic growth link and hence greater financial inclusion can enable inter-temporal consumption smoothing for both endowment surplus and endowment deficient households.
Perspectives
It is important subject because it will provide a solution on the engagement of Islamic bank with the community
Professor Abdul Ghafar Ismail
Universiti Kebangsaan Malaysia
Progress in financial inclusion with Islamic banking will enable the faith-conscious individuals to access financial services for managing their intertemporal consumption in a faith-compliant way. Islamic banking can help to financially included the voluntary excluded individuals who want faith-compliant financial products and services.
Dr Salman Ahmed Shaikh
Islamic Economics Project
Read the Original
This page is a summary of: Role of Islamic Banking in Financial Inclusion: Prospects and Performance, October 2016, Springer Science + Business Media,
DOI: 10.1007/978-3-319-45910-3_3.
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