Vai al contenuto principale della pagina

Global Report on Islamic Finance 2016 : : A Catalyst for Shared Prosperity?



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Titolo: Global Report on Islamic Finance 2016 : : A Catalyst for Shared Prosperity? Visualizza cluster
Pubblicazione: Washington, D.C. : , : The World Bank, , 2017
Descrizione fisica: 1 online resource (248 pages)
Disciplina: 336.091767
Soggetto topico: Finance, Public - Islamic countries
Finance (Islamic law)
Banks and banking - Islamic countries
Soggetto geografico: Islamic countries
Persona (resp. second.): OmarMohd Azmi
IqbalZamir
Nota di bibliografia: Includes bibliographical references at the end of each chapters and index.
Nota di contenuto: Foreword -- Acknowledgements --Glossary -- Abbreviations -- Overview -- 1. Islamic finance and shared prosperity -- 2. The state of development and shared prosperity in OIC countries -- 3. The Islamic banking sector -- 4. Islamic capital markets -- 5. Takāful (Islamic insurance), Retakāful, and Micotakāful -- 6. Nonbank financial institutions -- 7. Alternative asset classes -- 8. Islamic social finance -- 9. Public policy measures to enhance shared prosperity -- Chatper attributions -- Index.
Sommario/riassunto: 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.
Titolo autorizzato: Global Report on Islamic Finance 2016  Visualizza cluster
ISBN: 1-4648-0927-5
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910792725503321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: World Bank e-Library.