Global Report on Islamic Finance 2016 is popular PDF and ePub book, written by World Bank;Islamic Development Bank in 2017-02-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Global Report on Islamic Finance 2016 can be Read Online from any device for your convenience.
Global Report on Islamic Finance 2016 Book PDF Summary
Income inequality has increased considerably in the aftermath of the financial crisis of 2007†“08 to the extent that one percent of global population possess almost half of the global assets. Whereas the development community is unanimous to tackle growing inequality and imbalance in the distribution of wealth, there is a difference of opinion as to the approaches to achieve this goal. This report presents a perspective from Islamic finance on how shared prosperity can be enhanced. The theoretical framework for economic development by Islamic economics and finance is based on four fundamental pillars: (i) an institutional framework and public policy oriented to the development objectives of Islam; (ii) prudent governance and accountable leadership; (iii) promotion of the economic and financial system based on risk sharing; and (iv) financial and social inclusion for all, promoting development, growth, and shared prosperity. There is evidence that Islamic finance is experiencing high growth with the banking sector leading the way. Several countries are working seriously towards developing standards, regulation and legal frameworks for the development of Islamic finance. However, there are a number of aspects where policy interventions or improvements in policy effectiveness are needed to develop Islamic finance to promote shared prosperity. Without the enabling environment, Islamic finance may not be able to attain the potential expected of it. With adequate policy interventions and enabling financial infrastructure, Islamic finance could become a catalyst for alleviating poverty and inclusive prosperity.
Detail Book of Global Report on Islamic Finance 2016 PDF
- Author : World Bank;Islamic Development Bank
- Release : 22 February 2017
- Publisher : World Bank Publications
- ISBN : 9781464809279
- Genre : Business & Economics
- Total Page : 378 pages
- Language : English
- PDF File Size : 16,7 Mb
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