Islamic finance: how it can reduce the gap between the rich and the poor
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The main objectives of this study are: 1) to present the main cause of the huge gap between the rich and the poor since 1970s; 2) to highlight the Islamic approach in handling economic development in a just and ethical manner; 3) to present the alternative financial institutions to interest/riba-based institution providing their financial products, their objective and their impact in narrowing the gap between the rich and the poor.
Wealth inequality , Global distribution of wealth , Economic development , Islamic approach , Zakah , Sadaqah , Takaful , Waqf
A. Mohsin, M. I. (2017, August 21-22). Islamic finance: how it can reduce the gap between the rich and the poor [Paper presentation]. International Conference on Applied Economics and Policy (ICAEP) 2017, Kuala Lumpur, Malaysia.