Industry Article : [89]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 89
  • sukuk_shehama_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Sukuk shehama is a financial instrument that has only recently emerged. It is a form of government-issued Islamic bond (sukuk) based on musharakah which is found in Sudan but can be easily replicated in any other country. Each certificate carries a nominal value that is calculated in dinars and represents a share of the net investment allocated by the government for this purpose from the selected investment units. Shehama certificates are issued at different times from 6 months to one year. These certificates are issued in multiple categories 50 thousand dinars - 100 thousand dinars - 200 thousand dinars - 500 thousand dinars so that different categories of investors can buy any numb...

  • new_murabahah_based_product_islamic_finance_panel_discussion_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • On the 2nd May 2018, the Bank of Maldives (BML) Islamic announced the launch of a new personal financing product whereby applications for this product will be processed within seven days and customers will pay the price of the goods in monthly installments. It is stated on the official website of BML Islamic that customers can now shop for electronics, furniture or home appliances from any of the authorized dealers and pay in monthly installments with BML Islamic Personal Financing. The financing amount is from MVR15,000 (US$949.79) to MVR100,000 (US$6,331.91) for this product, there is an option to enjoy a lower rate, if security is added.

  • the_maldives_HDFC_Amna_growing_rapidly_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Shariah compliance offi cer of HDFC Amna, the Islamic window of Housing Development Finance Corporation (HDFC) now holds approximately 22% of the loan portfolio of HDFC, where its total loan portfolio stands at over MVR1.4 billion (US$88.98 million). Azmeen also said that HDFC Amna is expected to dominate the market by 2020, provided that the growth level remains steady. The main reason for the growth of HDFC Amna is the increase in the number of awareness activities on Islamic finance in the Maldives that have enlightened the 100% Muslim population about the importance of using Islamic finance transactions.

  • maldives_islamic_bank_to_expand_outreach_in_2018_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Maldives Islamic Bank (MIB) is the first and only fully-fledged Islamic bank operating in the country since 2011. It started with only one office in the capital Male and over the years, it has expanded to other parts of the country. The latest branch is the Fuvahmulah branch opened on the 24th December 2017 at Gn. Fuvahmulah. This newly opened branch offers a complete range of banking products and services compliant with the Islamic Shariah, including deposit and investment accounts, consumer and business financing facilities, trade finance, remittance, electronic banking and other ancillary services. The branch is headed by a branch manager and supported by six experienced staff.

  • women_on_boards_recognizes_female_empowerment_islamic_finance_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Women on Boards (WOB) has recognized the outstanding services provided by individuals in female empowerment in the Islamic finance industry by conferring them a special award of recognition at a ceremony held at Hotel Jen on the 30th April 2018. The chief guest of the ceremony was Minister of Home Affairs Azleen Ahmed. This is the first time in the history of the Maldives a dedicated set of awards was given to recognize female empowerment in the Islamic finance industry at a global event as it is rare to find an award in the Islamic finance space specially dedicated to female empowerment.

  • how_far_maldives_progressed_achieving_islamic_capital_market_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • The Maldives Capital Market Strategic Plan 2015-19 (the Plan) has 10 programs out of which Program 4 specifically deals with developing Islamic capital market products. The strategic priority for Program 4 is broadening access to finance and investment opportunities. The overview of Program 4 states that the Plan aims to promote more investable products to investors of various preferences. Equity, debt, investment funds, private equity and venture capital funds are to be introduced in the form of conventional products and/or Shariah compliant products. As part of the development activities of the authorities, developing Shariah compliant products will be a high priority during the nex...

  • islamic_finance_maldives_reaches_zenith_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2017)

  • Islamic finance is a concept that has captured the confidence and trust of the people in the Maldives and is gaining in popularity today. The ethical and social impact it creates has proven its viability in the country, irrespective of the personal beliefs and criticisms about the operational aspect of it. The year 2017 has demonstrated the strong political will toward the development of Islamic finance in the country and at the national level, a number of initiatives have been taken for the sustainable growth of Islamic finance. 2018 is expected to be a successful year as well for Islamic finance.

  • IRTI_collaborates_CMDA_maldives_conduct_training_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • The Islamic Research and Training Institute (IRTI) of the IDB has collaborated with the Capital Market Development Authority (CMDA) of the Maldives to successfully conduct a three day training program with the theme "Islamic Capital Market". The training was conducted after a five-year gap. The purpose of the training, held from the 25th-27th June 2018 at Champa Central Hotel, was to provide training on Islamic capital market matters for finance industry stakeholders.

  • introduction_salam_forward_sale_aishath et al.pdf.jpg
  • Industry Article


  • Authors: Jaafar, Adlin Izyana; Mohd Khusairi, Hamizah; Muneeza, Aishath (2018)

  • One of the preconditions for a valid sale under Islamic law is the existence of subject matter at the time of sale. However, there are two exceptions that allow the sale of nonexistent objects. The exceptional sale contracts in Shariah are Salam (forward sale) and Istisna' (manufacturing contract). Salam is a sale whereby the seller undertakes to supply some specified goods to the buyer at a future date in exchange of an advanced price fully paid at the spot.

  • ceo_maldives_islamic_bank_retires_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Harith Harun, the first CEO and managing director of Maldives Islamic Bank, has retired on the 31st March 2018. Harith is a Malaysian citizen who has contributed toward the creation of a fully-fledged Islamic finance industry in the Maldives. He played an instrumental role in creating the Islamic monetary market and other Islamic finance institutions that emerged in the country. The stakeholders of the Islamic finance industry are of the view that Harith leaving the position of the managing director of Maldives Islamic Bank is a loss to the industry. However, Harith will still serve as a director of the bank.

  • 2nd_international_halal_management_conference_2018_maldives_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Minister of Home Affairs Azleen Ahmed has launched the 2nd International Halal Management Conference (IHMC) on the 18th July 2018 at the Maldives National University (MNU). The IHMC was organized by the Maldives Center for Islamic Finance (MCIF) and the MNU along with Universiti Sains Islam Malaysia. More than 50 international speakers representing more than five countries participated in the conference.

  • the_maldives_still_faces_islamic_finance_challenges_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Islamic finance has been growing in the Maldives at a fast pace since 2011. One of the issues requiring more attention in the country right now is the lack of awareness about Islamic finance among industry players. The conventional financial institutions offering Islamic finance in the country face a unique challenge and their sustainability is questioned due to the internal conflicts faced over Islamic financial matters.

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • how_to_expand_role_islamic_banking_trading_saiful.pdf.jpg
  • Industry Article


  • Authors: Rosly, Saiful Azhar (2018)

  • Ever since the establishment of Islamic banks in the 1970s, the difficulty in executing actual buy and sell transactions as the Quran commanded in the verse "Allah has permitted al-bay but prohibits riba" (Al-Baqarah 275) has spurred the industry into using questionable products that resemble interest-bearing loans as evident now in tawaruq munazzam and earlier in bay al-enah. Much of this unfortunate development in Islamic banking has to do with its deposit-taking function. Doing so requires the bank to follow stringent Basel Accord capital requirement against any risky positions it took in the business such as equity, leasing and trading positions. The trading business, namely buy a...

  • Islamic_finance_grasping_with_price_and_profit_theory_saiful.pdf.jpg
  • Industry Article


  • Authors: Rosly, Saiful Azhar (2018)

  • The Halal industry comprising of bank and non-banking firms is hardly visible in theoretical rigor except for the Shariah rules it promotes to exert religious labelling. While Islamic banks pay greater attention the elimination of riba, gambling and ambiguities in financing contracts to claim Shariah legitimacy, non-banking companies are more concerned about halal slaughtering, avoidance of pork in the production process, prevention of food adulteration, promoting hygiene in food preparation and many more.

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • Enhancing_application_of_musharakah_through_blockchain_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath; Jin, Zichu; Abdul Razak, Iman Najwa (2018)

  • Islamic banks are still relying on debt-like modes of financing since most equity based finances need long term commitment. The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of riba (interest).Additionally, PLS arrangements have been specifically acknowledged as ideal modes of financing in Islamic finance. But to date, the actual practice of Islamic banking has been far removed from these models. Nearly all Islamic banks, investment companies, and investment funds offer trade and project finance based on mark-up, commissioned manufacturing, or on leasing bases. There is not much difference in substance between IFIs and conventional financial ...

  • An_introduction_to_cash_waqf_Aishath.pdf.jpg
  • Industry Article


  • Authors: Fikry, Mohammad Aly; Mohamed Hadary, Mohamed Serilkhetim; Muneeza, Aishath (2018)

  • Cash waqf is a type of waqf categorized as movable waqf. Like other waqf, cash waqf aims to promote service to mankind by establishing waqf using money. Historically, cash waqf was widely used by the Ottoman Empire since the end of 16th century. At that time, cash waqf was used to finance entrepreneurs for their business, and then the return was used for public service such as hospitalization, education, water channelling, bridges, roads, etc. Cash waqf played an important role in the economy of the empire.

  • The_impact_of_delisting_Shariah_compliant_stocks_on_Islamic_investments_Saiful.pdf.jpg
  • Industry Article


  • Authors: Rosly, Saiful Azhar (2018)

  • Islamic investments as a critical component of the Halal supply chain received considerable attention in the global financial market when the Dow Jones Islamic market Index (DJIM) was established in 1999, followed by Financial Times Stock Exchange (FTSE), Standard and Poor (S&P) and others. Malaysia took global leadership in the construction of Shariah Indices in 1999 and launched the FTSE Bursa Malaysia Emas Shariah Index in 2007. One fundamental feature of the Shariah Indices is the screening process before the stock can be identified as Shariah compliant. The screening methodology differs to some degree among the major Shariah stock indices but essentially settle to affirm consensu...

  • Weapon_to_end_poverty_closing_the_gender_wealth_gap_with_Islamic_wealth_management_aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Women represent more than half of the world's population, and make 40% of the world's labour force. Yet, according to the World Bank, they hold just 1% of the world's wealth. The sizable gender wealth gap is even more stark for women in developing countries, where they are more likely than men to do unpaid work, or be out of the workforce, more likely to work in industries with lower average pay, and less likely to be in high-paid senior positions, according to the World Economic Forum's Global Gender Gap Index 2017.

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 89

Industry Article : [89]

Follow this collection to receive daily e-mail notification of new additions
Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 89
  • sukuk_shehama_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Sukuk shehama is a financial instrument that has only recently emerged. It is a form of government-issued Islamic bond (sukuk) based on musharakah which is found in Sudan but can be easily replicated in any other country. Each certificate carries a nominal value that is calculated in dinars and represents a share of the net investment allocated by the government for this purpose from the selected investment units. Shehama certificates are issued at different times from 6 months to one year. These certificates are issued in multiple categories 50 thousand dinars - 100 thousand dinars - 200 thousand dinars - 500 thousand dinars so that different categories of investors can buy any numb...

  • new_murabahah_based_product_islamic_finance_panel_discussion_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • On the 2nd May 2018, the Bank of Maldives (BML) Islamic announced the launch of a new personal financing product whereby applications for this product will be processed within seven days and customers will pay the price of the goods in monthly installments. It is stated on the official website of BML Islamic that customers can now shop for electronics, furniture or home appliances from any of the authorized dealers and pay in monthly installments with BML Islamic Personal Financing. The financing amount is from MVR15,000 (US$949.79) to MVR100,000 (US$6,331.91) for this product, there is an option to enjoy a lower rate, if security is added.

  • the_maldives_HDFC_Amna_growing_rapidly_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Shariah compliance offi cer of HDFC Amna, the Islamic window of Housing Development Finance Corporation (HDFC) now holds approximately 22% of the loan portfolio of HDFC, where its total loan portfolio stands at over MVR1.4 billion (US$88.98 million). Azmeen also said that HDFC Amna is expected to dominate the market by 2020, provided that the growth level remains steady. The main reason for the growth of HDFC Amna is the increase in the number of awareness activities on Islamic finance in the Maldives that have enlightened the 100% Muslim population about the importance of using Islamic finance transactions.

  • maldives_islamic_bank_to_expand_outreach_in_2018_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Maldives Islamic Bank (MIB) is the first and only fully-fledged Islamic bank operating in the country since 2011. It started with only one office in the capital Male and over the years, it has expanded to other parts of the country. The latest branch is the Fuvahmulah branch opened on the 24th December 2017 at Gn. Fuvahmulah. This newly opened branch offers a complete range of banking products and services compliant with the Islamic Shariah, including deposit and investment accounts, consumer and business financing facilities, trade finance, remittance, electronic banking and other ancillary services. The branch is headed by a branch manager and supported by six experienced staff.

  • women_on_boards_recognizes_female_empowerment_islamic_finance_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Women on Boards (WOB) has recognized the outstanding services provided by individuals in female empowerment in the Islamic finance industry by conferring them a special award of recognition at a ceremony held at Hotel Jen on the 30th April 2018. The chief guest of the ceremony was Minister of Home Affairs Azleen Ahmed. This is the first time in the history of the Maldives a dedicated set of awards was given to recognize female empowerment in the Islamic finance industry at a global event as it is rare to find an award in the Islamic finance space specially dedicated to female empowerment.

  • how_far_maldives_progressed_achieving_islamic_capital_market_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • The Maldives Capital Market Strategic Plan 2015-19 (the Plan) has 10 programs out of which Program 4 specifically deals with developing Islamic capital market products. The strategic priority for Program 4 is broadening access to finance and investment opportunities. The overview of Program 4 states that the Plan aims to promote more investable products to investors of various preferences. Equity, debt, investment funds, private equity and venture capital funds are to be introduced in the form of conventional products and/or Shariah compliant products. As part of the development activities of the authorities, developing Shariah compliant products will be a high priority during the nex...

  • islamic_finance_maldives_reaches_zenith_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2017)

  • Islamic finance is a concept that has captured the confidence and trust of the people in the Maldives and is gaining in popularity today. The ethical and social impact it creates has proven its viability in the country, irrespective of the personal beliefs and criticisms about the operational aspect of it. The year 2017 has demonstrated the strong political will toward the development of Islamic finance in the country and at the national level, a number of initiatives have been taken for the sustainable growth of Islamic finance. 2018 is expected to be a successful year as well for Islamic finance.

  • IRTI_collaborates_CMDA_maldives_conduct_training_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • The Islamic Research and Training Institute (IRTI) of the IDB has collaborated with the Capital Market Development Authority (CMDA) of the Maldives to successfully conduct a three day training program with the theme "Islamic Capital Market". The training was conducted after a five-year gap. The purpose of the training, held from the 25th-27th June 2018 at Champa Central Hotel, was to provide training on Islamic capital market matters for finance industry stakeholders.

  • introduction_salam_forward_sale_aishath et al.pdf.jpg
  • Industry Article


  • Authors: Jaafar, Adlin Izyana; Mohd Khusairi, Hamizah; Muneeza, Aishath (2018)

  • One of the preconditions for a valid sale under Islamic law is the existence of subject matter at the time of sale. However, there are two exceptions that allow the sale of nonexistent objects. The exceptional sale contracts in Shariah are Salam (forward sale) and Istisna' (manufacturing contract). Salam is a sale whereby the seller undertakes to supply some specified goods to the buyer at a future date in exchange of an advanced price fully paid at the spot.

  • ceo_maldives_islamic_bank_retires_Aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Harith Harun, the first CEO and managing director of Maldives Islamic Bank, has retired on the 31st March 2018. Harith is a Malaysian citizen who has contributed toward the creation of a fully-fledged Islamic finance industry in the Maldives. He played an instrumental role in creating the Islamic monetary market and other Islamic finance institutions that emerged in the country. The stakeholders of the Islamic finance industry are of the view that Harith leaving the position of the managing director of Maldives Islamic Bank is a loss to the industry. However, Harith will still serve as a director of the bank.

  • 2nd_international_halal_management_conference_2018_maldives_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Minister of Home Affairs Azleen Ahmed has launched the 2nd International Halal Management Conference (IHMC) on the 18th July 2018 at the Maldives National University (MNU). The IHMC was organized by the Maldives Center for Islamic Finance (MCIF) and the MNU along with Universiti Sains Islam Malaysia. More than 50 international speakers representing more than five countries participated in the conference.

  • the_maldives_still_faces_islamic_finance_challenges_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Islamic finance has been growing in the Maldives at a fast pace since 2011. One of the issues requiring more attention in the country right now is the lack of awareness about Islamic finance among industry players. The conventional financial institutions offering Islamic finance in the country face a unique challenge and their sustainability is questioned due to the internal conflicts faced over Islamic financial matters.

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • how_to_expand_role_islamic_banking_trading_saiful.pdf.jpg
  • Industry Article


  • Authors: Rosly, Saiful Azhar (2018)

  • Ever since the establishment of Islamic banks in the 1970s, the difficulty in executing actual buy and sell transactions as the Quran commanded in the verse "Allah has permitted al-bay but prohibits riba" (Al-Baqarah 275) has spurred the industry into using questionable products that resemble interest-bearing loans as evident now in tawaruq munazzam and earlier in bay al-enah. Much of this unfortunate development in Islamic banking has to do with its deposit-taking function. Doing so requires the bank to follow stringent Basel Accord capital requirement against any risky positions it took in the business such as equity, leasing and trading positions. The trading business, namely buy a...

  • Islamic_finance_grasping_with_price_and_profit_theory_saiful.pdf.jpg
  • Industry Article


  • Authors: Rosly, Saiful Azhar (2018)

  • The Halal industry comprising of bank and non-banking firms is hardly visible in theoretical rigor except for the Shariah rules it promotes to exert religious labelling. While Islamic banks pay greater attention the elimination of riba, gambling and ambiguities in financing contracts to claim Shariah legitimacy, non-banking companies are more concerned about halal slaughtering, avoidance of pork in the production process, prevention of food adulteration, promoting hygiene in food preparation and many more.

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • Enhancing_application_of_musharakah_through_blockchain_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath; Jin, Zichu; Abdul Razak, Iman Najwa (2018)

  • Islamic banks are still relying on debt-like modes of financing since most equity based finances need long term commitment. The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of riba (interest).Additionally, PLS arrangements have been specifically acknowledged as ideal modes of financing in Islamic finance. But to date, the actual practice of Islamic banking has been far removed from these models. Nearly all Islamic banks, investment companies, and investment funds offer trade and project finance based on mark-up, commissioned manufacturing, or on leasing bases. There is not much difference in substance between IFIs and conventional financial ...

  • An_introduction_to_cash_waqf_Aishath.pdf.jpg
  • Industry Article


  • Authors: Fikry, Mohammad Aly; Mohamed Hadary, Mohamed Serilkhetim; Muneeza, Aishath (2018)

  • Cash waqf is a type of waqf categorized as movable waqf. Like other waqf, cash waqf aims to promote service to mankind by establishing waqf using money. Historically, cash waqf was widely used by the Ottoman Empire since the end of 16th century. At that time, cash waqf was used to finance entrepreneurs for their business, and then the return was used for public service such as hospitalization, education, water channelling, bridges, roads, etc. Cash waqf played an important role in the economy of the empire.

  • The_impact_of_delisting_Shariah_compliant_stocks_on_Islamic_investments_Saiful.pdf.jpg
  • Industry Article


  • Authors: Rosly, Saiful Azhar (2018)

  • Islamic investments as a critical component of the Halal supply chain received considerable attention in the global financial market when the Dow Jones Islamic market Index (DJIM) was established in 1999, followed by Financial Times Stock Exchange (FTSE), Standard and Poor (S&P) and others. Malaysia took global leadership in the construction of Shariah Indices in 1999 and launched the FTSE Bursa Malaysia Emas Shariah Index in 2007. One fundamental feature of the Shariah Indices is the screening process before the stock can be identified as Shariah compliant. The screening methodology differs to some degree among the major Shariah stock indices but essentially settle to affirm consensu...

  • Weapon_to_end_poverty_closing_the_gender_wealth_gap_with_Islamic_wealth_management_aishath.PDF.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Women represent more than half of the world's population, and make 40% of the world's labour force. Yet, according to the World Bank, they hold just 1% of the world's wealth. The sizable gender wealth gap is even more stark for women in developing countries, where they are more likely than men to do unpaid work, or be out of the workforce, more likely to work in industries with lower average pay, and less likely to be in high-paid senior positions, according to the World Economic Forum's Global Gender Gap Index 2017.

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 89