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The role of Islamic finance in enhancing financial inclusion in organization of Islamic cooperation (OIC) countries (English)

The core principles of Islam lay great emphasis on social justice, inclusion, and sharing of resources between the haves and the have nots. Islamic finance addresses the issue of "financial inclusion" or "access to finance" from two directions -- one through promoting risk-sharing contracts that provide a viable alternative to conventional debt-based financing, and the other through specific instruments of redistribution of the wealth among the society. ... See More +

Policy Research Working Paper WPS5920 DEC 01, 2011

Mohieldin, Mahmoud; Iqbal, Zamir; Rostom, Ahmed; Fu, Xiaochen Disclosed