Role of Islamic Banking in Financial Inclusion: Prospects and Performance

Salman Ahmed Shaikh, Mohd Adib Ismail, Muhammad Hakimi Mohd. Shafiai, Abdul Ghafar Ismail, Shahida Shahimi
  • October 2016, Springer Science + Business Media
  • DOI: 10.1007/978-3-319-45910-3_3

Islamic banking and financial inclusion

What is it about?

To assess the need as well as progress with regards to financial inclusion in Islamic banking globally.

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

Professor Abdul Ghafar Ismail
Islamic Economic Studies and Thoughts Centre

It is important subject because it will provide a solution on the engagement of Islamic bank with the community

Dr Salman Ahmed Shaikh
Shaheed Zulfikar Ali Bhutto Institute of Science and Technology

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.

Read Publication

http://dx.doi.org/10.1007/978-3-319-45910-3_3

The following have contributed to this page: Professor Abdul Ghafar Ismail and Dr Salman Ahmed Shaikh