Overview
- Provides a clear analysis of Islamic finance as a vehicle for social inclusion and improving access to financial inclusion
- Tackles challenges such as gender, income and wealth inequality in relation to access to finance
- Combines empirical evidence, theory and modelling to demonstrate how Islamic microfinance can be used to improve financial inclusion
Part of the book series: Palgrave Studies in Islamic Banking, Finance, and Economics (IBFE)
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About this book
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.
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Keywords
Table of contents (11 chapters)
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Front Matter
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Enhancing Financial Inclusion Through Islamic Finance
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Front Matter
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Islamic Financial Inclusion: Cases and Modeling
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Front Matter
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Back Matter
Editors and Affiliations
About the editors
Abdelrahman Elzahi Saaid Ali is a Senior Economist at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB). Before joining IRTI, he was Associate Professor of Economics at Sudan University of Science and Technology. Abdelrahman has written and edited a number of academic publications including Revitalization of Waqf for Socio-Economic Development (Palgrave, 2019).
Khalifa Mohamed Ali is a Senior Economist at IRTI. Before this, he was Associate Professor of Economics at the United Arab Emirates University and taught economics at Iowa State University, USA. Khalifa is the Editor of the Arabic edition of Islamic Economic Studies, one of IRTI's flagship publications, and has published extensively in the area of Islamic finance.
Muhammad Khaleequzzaman studied Economics at the University of Illinois at Urbana‐Champaign, USA, and Islamic Banking and Finance at the International Islamic University Islamabad, Pakistan. Muhammad is a certified Islamic banker from the State Bank of Pakistan.
Bibliographic Information
Book Title: Enhancing Financial Inclusion through Islamic Finance, Volume I
Editors: Abdelrahman Elzahi Saaid Ali, Khalifa Mohamed Ali, Muhammad Khaleequzzaman
Series Title: Palgrave Studies in Islamic Banking, Finance, and Economics
DOI: https://doi.org/10.1007/978-3-030-39935-1
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-39934-4Published: 02 July 2020
Softcover ISBN: 978-3-030-39937-5Published: 02 July 2021
eBook ISBN: 978-3-030-39935-1Published: 01 July 2020
Series ISSN: 2662-5121
Series E-ISSN: 2662-513X
Edition Number: 1
Number of Pages: XXII, 245
Number of Illustrations: 48 b/w illustrations
Topics: Islamic Finance, Development Finance, Social Choice/Welfare Economics/Public Choice/Political Economy, International Finance