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The principles of Islamic finance are laid down in the sharia, Islamic law. Islamic finance, comprising financial transactions in banks and non-bank financial institutions formal and non-formal financial institutions, is based on the concept of a social order of brotherhood and solidarity. The...
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appropriate one for Africa in the area of participatory development of microenterprises and poverty alleviation. The example of …
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The Islamic finance industry has grown substantially in Asia over the last 2 decades. The Muslim populations in … different Asian countries, especially in Southeast Asia, are increasing. Rapid Muslim population growth and improving living …, investors from the Middle East and Asia are increasingly seeking to invest in products that are in line with their religious …
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Islamic banks perform better than conventional banks in Africa. This result is driven by large banks …
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Islamic Finance is a growing rapidly across Africa, where around 40% of the population is Muslims and is now offered … financial hub for East Africa' due to its fast-growing port access and availability, progressive banking regulations and strong …
Persistent link: https://www.econbiz.de/10012861987
yearly while the banks still make decent profits. Yet, Islamic finance in Africa imitates the financing model of the West and … the GCC. Foreign capital evaporates with the slightest shock in Africa and the growth of GDP means nothing to the … primary intent of the Shariah which aims to achieve societal happiness. Equity funds are looking scarce in Africa but the …
Persistent link: https://www.econbiz.de/10012861006
This is a book that discusses endeavours in alleviating poverty through Islamic microfinance. It holds to the premise that the major factor attributing to the poor’s inability to participate in development process is their exclusion from the financial system. Microfinance, therefore, is seen...
Persistent link: https://www.econbiz.de/10014114352