Download or read book Islamic Finance in Sub Saharan Africa written by Mr.Enrique Gelbard and published by International Monetary Fund. This book was released on 2014-08-11 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant to the region, in particular the ability to foster SMEs and micro-credit activtities. As a first step, policy makers could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign investors. The entrance of full-fleged Islamic banks require addressing systemic issues, and adapting the crisis management and resolution frameworks. The IMF can play a role by sharing international experiences and providing advice on supervisory and regulatory frameworks as needed.

Download or read book Islamic Finance and Africa s Economic Resurgence written by Muhammad Al Bashir Muhammad Al Amine and published by Springer. This book was released on 2016-06-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes Africa's unprecedented economic growth, the state of its financial sector, and the varied opportunities for Islamic finance investors. It considers the role - potential and realized - of Islamic finance in fostering financial inclusion in areas such as banking, microfinance, capital market development, insurance, and private equity business. The book stresses that investing in Africa through Islamic finance will open new markets, ensure higher profit margins, diversify risk, and create business competition; and that these changes that will provide financial products that can satisfying the desires and beliefs of all consumers and unlock the real potential of the continent's financial system. The book also looks into the rise of international interest in Africa and concludes by scrutinizing the challenges impeding further economic growth, as well as the specific barriers that need to be addressed in order to promote the implementation of Islamic finance. Investors, policymakers, and academics ready to confront these challenges will find much of value in this book.

Download or read book Financial Development in Sub Saharan Africa written by Mr.Montfort Mlachila and published by International Monetary Fund. This book was released on 2016-09-14 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses how sub-Saharan Africa’s financial sector developed in the past few decades, compared with other regions. Sub-Saharan African countries have made substantial progress in financial development over the past decade, but there is still considerable scope for further development, especially compared with other regions. Indeed, until a decade or so ago, the level of financial development in a large number of sub-Saharan African countries had actually regressed relative to the early 1980s. With the exception of the region’s middle-income countries, both financial market depth and institutional development are lower than in other developing regions. The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobile telephone-based systems has helped to incorporate a large share of the population into the financial system, especially in East Africa. Pan-African banks have been a driver for homegrown financial development, but they also bring a number of challenges.

Download or read book Islamic Finance in Africa written by Hassan, M. K. and published by Edward Elgar Publishing. This book was released on 2022-10-20 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic Finance in Africa discusses the progress, issues and innovations in African Islamic financial markets. It provides a comprehensive overview of Islamic finance in Africa by exploring legal, regulatory and governance challenges while balancing the issues and innovations found in both Islamic commercial and social finance.

Download or read book Public Private Partnership for Sub Saharan Africa written by Hanna Kociemska and published by Springer. This book was released on 2019-03-15 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph highlights the benefits of public-private partnerships (PPP) for Sub-Saharan Africa. By studying the intertwinement of mainstream and Islamic finance, the author shows how PPPs have emerged as a viable and efficient organizational vehicle for fair rules of economic cooperation where the trade-offs between profit maximization and social justice values required by Islamic finance occur within the organization. The book shows the assumptions under which such compromise is beneficial to all parties, including public entities, multicultural societies and private Islamic and conventional investors. It places particular emphasis on changing the principle of allocating public resources in the uncertain legal and economic environment of the region discussed. Given the cultural idiosyncrasies, political instability, and socio-economic turmoil but high development potential in Sub-Saharan Africa, PPPs with a heterodox approach may prove to be a game-changer in the region and a platform to find a compromise between the interests of various types of investors.

Download or read book An Integral Approach to Development Economics written by Basheer A. Oshodi and published by Routledge. This book was released on 2016-04-15 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing economies such as those in sub-Saharan Africa are searching for realistic economic policy prescriptions. Despite economic growth in countries like Nigeria, poverty and unemployment blight the lives of many, in the midst of plenty. Simultaneously, much neo-classical economic thought is being questioned against the backdrop of global economic meltdown, giving rise to inquiry about more integral approaches to sustainable development. In An Integral Approach to Development Economics, Basheer Oshodi examines modernization theories, dependency theories, world system theories and emerging 21st century economic theories and links a neo-modern mix of economic thought with the practicalities of finance in parts of the World where poverty is rife. In a specifically African setting, over half of the population are Muslims, Oshodi considers Islamic finance in the context of the triple heritage of indigenous culture, Westernized Christianity, and Islam. He argues that the principles of Islamic banking and finance can be integrated with other elements of that heritage, focusing on meeting the challenges of poverty and unemployment. Islamic finance is not just a religiously-oriented, Sharia-compliant, alternative financial model. It can contribute to overall socio-economic transformation and a wider, people-centred approach to economic development. International organizations, financial institutions, reserve banks, policy makers, donor agencies and students will find resonance in this valuable addition to Gower’s Transformation and Innovation Series.

Download or read book Developing Africa s Financial Services written by Dana T. Redford and published by Emerald Group Publishing. This book was released on 2017-05-11 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial services are an essential element in powering entrepreneurial activity beyond resource extraction in Africa. This book examines the macro-trends and highlights inspiring success stories of entrepreneurial financial sector ventures that are making a lasting contribution to the economic development of various sub-Saharan African countries.

Download or read book FinTech in Sub Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

Download or read book An Overview of Islamic Finance written by Mr.Mumtaz Hussain and published by International Monetary Fund. This book was released on 2015-06-02 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.

Download or read book Resolving Nonperforming Loans in Sub Saharan Africa in the Aftermath of the COVID 19 Crisis written by Luc Eyraud and published by International Monetary Fund. This book was released on 2021-06-08 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.

Download or read book Africa Guide to Business Finance for U S Firms written by and published by . This book was released on 1990 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Islamic Finance in Sub Saharan Africa written by Mr.Enrique Gelbard and published by International Monetary Fund. This book was released on 2014-08-11 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant to the region, in particular the ability to foster SMEs and micro-credit activtities. As a first step, policy makers could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign investors. The entrance of full-fleged Islamic banks require addressing systemic issues, and adapting the crisis management and resolution frameworks. The IMF can play a role by sharing international experiences and providing advice on supervisory and regulatory frameworks as needed.

Download or read book Banking in Africa Delivering on Financial Inclusion Supporting Financial Stability written by European Investment Bank and published by European Investment Bank. This book was released on 2018-11-21 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its fourth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: Crowding out of private sector lending by public debt issuance The state of bank recovery and resolution laws in Africa Policy options on how to finance infrastructure development. The report finds that in many African banking markets, the last two years saw a pause in financial deepening. However, a rising share of banking groups report improving market conditions and plan a structural expansion of their operations in Africa and a continued push for new technologies.

Download or read book Finance Reconsidered written by Bernard Paranque and published by Emerald Group Publishing. This book was released on 2016-09-06 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume argues the need for a radical break with the methodological individualism that dominates economics, management and finance, asking 'How should we (re)define the concept of value?' and serving as a stepping stone for the rethinking of academic finance.

Download or read book The Oxford Handbook of Politics in Muslim Societies written by Melani Cammett and published by Oxford University Press. This book was released on 2022-01-10 with total page 913 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politics in Muslim societies : what's religion got to do with it? / Melani Cammett and Pauline Jones -- Islam and political structure in historical perspective / Eric Chaney -- State-formation, statist Islam, and regime instability : evidence from Turkey / Kristin E. Fabbe -- States, religion, and democracy in Southeast Asia : comparative religious regime formation / Kikue Hamayotsu -- Repression of Islamists and authoritarian survival in the Arab world : a case study of Egypt / Jean Lachapelle -- Regime types, regime transitions, and religion in Pakistan / Matthew J. Nelson -- Regime change under the Party of Justice and Development (AKP) in Turkey / Feryaz Ocaklı -- Islam, nationalism, and democracy in Asia : nations under gods or gods under nations? / Maya Tudor -- Military politics in Muslim societies / Nicholas J. Lotito -- Voting for Islamists : mapping the role of religion / Ellen Lust, Kristen Kao, and Gibran Okar -- Party systems in Muslim societies / Elizabeth R. Nugent -- Ideologies, brands, and demographics in Muslim Southeast Asia : "voting for Islam" / Thomas Pepinsky -- Religion and party politics in India and Pakistan / Steven I. Wilkinson -- Religion and electoral competition in Senegal / Dominika Koter -- Clientelism, constituency services, and elections in Muslim societies / Daniel Corstange and Erin York -- Religiosity and political attitudes in Turkey during the AKP era / S. Erdem Aytaç -- Religious practice and political attitudes among Shiites in Iran and Iraq / Fotini Christia, Elizabeth Dekeyser, and Dean Knox -- Repressive religious regulation and political mobilization in Central Asia : why Muslims (don't) rebel / Dustin Gamza and Pauline Jones -- How extraordinary was the Arab Spring? Examining "protest potential" in the Muslim world / Avital Livny -- Illicit economies and political violence in Central Asia / Lawrence P. Markowitz, and Mariya Y. Omelicheva -- Piety, devotion, and support for Shari'a : examining the link between religiosity and political attitudes in Pakistan / Niloufer A. Siddiqui -- Mapping and explaining Arab attitudes toward the Islamic State : findings from an Arab barometer survey and embedded experiment / Mark Tessler, Michael Robbins, and Amaney Jamal -- Social movements, parties, and political cleavages in Morocco : a religious divide? / Adria Lawrence -- The rise and impact of Muslim women preaching online / Richard A. Nielsen -- Religion and mobilization in the Syrian uprising and war / Wendy Pearlman -- Christian-Muslim relations in the shadow of conflict : insights from Kaduna, Nigeria / Alexandra Scacco and Shana S. Warren -- New media and Islamist mobilization in Egypt / Alexandra A. Siegel -- Islamically framed mobilization in Tunisia : Ansar al-Sharia in the aftermath of the Arab uprisings / Frédéric Volpi -- Islamist mobilization during the Arab uprisings / Chantal Berman -- Religious legitimacy and long run economic growth in the Middle East / Jared Rubin -- Islam and economic development : the case of non-Muslim minorities in the Middle East and North Africa / Mohamed Saleh -- State institutions and economic performance in 19th century Egypt / Lisa Blaydes and Safinaz El Tarouty -- Colonial legacies and welfare provision in the Middle East and North Africa / Melani Cammett, Allison Spencer Hartnett, and Gabriel Koehler-Derrick -- Islam and the politics of development : shrines and literacy in Pakistan / Adeel Malik and Rinchan Mirza -- Islam and economic development in sub-Saharan Africa / Melina R. Platas -- Islamic finance and development in Malaysia / Fulya Apaydin -- Welfare states in the Middle East / Ferdinand Eibl -- Islamist organizations and the provision of social services / Steven Thomas Brooke -- Exploring the role of Islam in Mali : service provision, citizenship, and governance / Jaimie Bleck and Alex Thurston -- Islamist parties and women's representation in Morocco : taking one for the team / Lindsay J. Benstead -- The Islamic State as a revolutionary rebel group : IS' governance and violence in historical context / Megan A. Stewart.

Download or read book Islamic Banking written by Mr.Kangni Kpodar and published by International Monetary Fund. This book was released on 2010-08-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the determinants of the pattern of Islamic bank diffusion around the world using country-level data for 1992 - 2006. The analysis illustrates that income per capita, share of Muslims in the population and status as an oil producer are linked to the development of Islamic banking, as are economic integration with Middle Eastern countries and proximity to Islamic financial centers. Interest rates have a negative impact on Islamic banking, reflecting the implicit benchmark for Islamic banks. The quality of institutions does not matter, probably because the often higher hurdle set by Shariah law trumps the quality of local institutions in most countries. The 9/11 attacks were not important to the diffusion of Islamic banking; but they coincided with rising oil prices, which are a significant factor in the diffusion of Islamic banking. Islamic banks also appear to be complements to, rather than substitutes for, conventional banks.

Download or read book Financing Africa written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2011-09-07 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financing Africa takes stock of Africa's financial systems in light of recent changes in the global financial system --including the greater risk aversion of international investors, a shift in economic and financial powers towards emerging markets and the regulatory reform debate - and the increasing role of technology. Using a wider and more detailed array of data than previous publications, we observe a trend towards financial deepening, more stability and more inclusion leading up to the crisis; serious challenges, however, continue, including limited access to financial services, focus on short-term contracts and hidden fragility, related to weak regulatory frameworks, undue government interference and governance deficiencies. Our policy analysis therefore focuses on (i) expanding outreach, (ii) fostering long-term finance and (iii) improving regulation and supervision. We identify the positive role of innovation and competition, a stronger focus on non-traditional financial service providers, and more emphasis on demand-side constraints as priority areas for policy actions. Specifically, competition from new players outside the banking system, including telecomm companies can increase outreach with technological innovation that changes the economics of retail finance. Moving beyond national stock exchanges that are not sustainable in most African countries towards regional solutions and over-the-counter trades can help foster long-term finance, as can addressing governance challenges in contractual savings institutions, including life insurance companies and pension funds. Finally, there is a need to look beyond supply-side constraints towards users of financial services, focusing more on financial literacy of households and firms, but also consumer protection. In formulating policy messages, we carefully distinguish between different country groupings, differentiating -- among others -- between low- and middle-income and small and larger economies, with a special focus on resource-based economies and post-conflict countries. This book reaches out to both policy makers concerned about a more inclusive and effective financial system and other stakeholders, including practitioners and development partners. With this book we aim to contribute to the on-going financial sector debate on Africa, with the ultimate goal of faster economic development and poverty reduction.