Islamic finance and inclusive growth
The emergence of Islamic finance in the global financial scene has attracted much scholarly interest, leading to a plethora of studies examining the roles of Islamic finance in the economy. Generally, studies on Islamic finance focus on four areas - Islamic banking, Islamic capital markets, takaful and other Islamic finance. Among these, Islamic banking has received the most attention, with the primary focus on comparing Islamic with conventional banking based on performance. Studies in Islamic capital markets have centred on issues related to the performance and benefits of investment in Shari'ah-compliant shares and sukuk (Islamic bonds). Most recently, some attention has also been given to takaful and the so-called Islamic social finance, mainly zakat and awqaf.
Islamic finance , Inclusive growth , Economic growth
Ibrahim, M. H. (2022). Islamic finance and inclusive growth. In Rajah Rasiah, Gopi Krishnan & Azleen Osman Rani (Eds.), Financing sustainability critical issues with east Asian experience (pp. 91-112). Kuala Lumpur, Malaysia: UM Press.