Finance is expected to play a major role in equitable and sustainable economic development. However, the track record of conventional finance is not encouraging for the task. It has not been very successful in addressing unemployment and poverty. Indeed, the stylized facts show that many...

The book pinpoints the failure of conventional finance in providing inclusive growth to the world economies and explores the potential of Islamic Finance to generate equitable and sustainable economic development in the low income countries. This potential role of Islamic finance is discussed in...