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Income inequality reduction through alternative financial institutions to riba (an Islamic approach)

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dc.contributor.authorMagda Ismail Abdel Mohsin
dc.date.accessioned2018-07-19T05:45:25Z
dc.date.available2018-07-19T05:45:25Z
dc.date.issued2017
dc.description.abstractAccording to the World Bank Statistics (2012) more than 80% of the world's population live in countries where income inequality is very wide. The latest Oxfam report shows that the richest 1% of the world population holds over 50% of the world's wealth. This means that 62 richest people own an estimated wealth of US$1.76 trillion which is equivalent to the wealth of 3.5 billion people who make the poorest half of the world population (2015). The failure of the capitalist system in reducing this income inequality encourages economists to provide justification for this huge gap between the rich and the poor. Some economists believe that the main causes of this income inequalities is due to the unjust financial system which is based on interest/Riba while others tried to provide solution to this problem.en_US
dc.identifier.citationA. Mohsin, M. I. (2017). Income inequality reduction through alternative financial institutions to riba (an Islamic approach). IF Hub, 5 (June 2017), pp. 1-6.en_US
dc.identifier.issn0127-9998
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2923
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2017. INCEIF
dc.sourceKMC
dc.subjectIncome inequalityen_US
dc.subjectIslamic approachen_US
dc.subjectAlternative financial institutionsen_US
dc.subjectTradeen_US
dc.subjectBaien_US
dc.subjectZakaten_US
dc.subjectSadaqahen_US
dc.subjectWaqfen_US
dc.titleIncome inequality reduction through alternative financial institutions to riba (an Islamic approach)en_US
dc.typeNewsletter & Bulletinen_US
dlc.maintopicIslamic wealth managementen_US
dspace.entity.typePublication
ikr.doctypeExpert Insights
ikr.topic.maintopicIslamic wealth managementen_US
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relation.isAuthorOfPublication.latestForDiscovery5feba01d-72e9-4aba-a60c-8dc324109969
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