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The core principles of Islam lay great emphasis on social justice, inclusion, and sharing of resources between the … haves and the have nots. Islamic finance addresses the issue of"financial inclusion"or"access to finance"from two directions … instruments can offer Shariah-compliant microfinance, financing for small and medium enterprises, and micro-insurance to enhance …
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The issuance of sukuk, as an instrument in Islamic finance, has been growing in recent years. Many policy makers and …
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funds. The Islamic Republics of Iran, Pakistan, and Sudan announced their intention to make their financial systems … various types of risks in the field of Islamic banking. It is an attempt to provide a high-level framework (aimed at non …-specialist executives) attuned to the current realities of changing economies and Islamic financial markets. The Islamic financial system is …
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Does an unregulated financial system absorb too many productive inputs? This paper studies this question in the context of a dynamic model with heterogeneous producers. In the absence of a financial system, the only way to purchase inputs is using internal funds. Producers are subject to...
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