Islamic Finance and Africa's Economic Resurgence

Promoting Diverse and Localized Investment

by

Subject categories
ISBNs
  • 9783319288345
  • 9783319288352

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.

  • Springer International Publishing; June 2016
  • ISBN 9783319288352
  • Read online, or download in secure PDF format
  • Title: Islamic Finance and Africa's Economic Resurgence
  • Author: Muhammad Al Bashir Muhammad Al Amine
  • Imprint: Palgrave Macmillan
Subject categories
ISBNs
  • 9783319288345
  • 9783319288352

About The Author

Muhammad Al-Bashir Muhammad Al-Amine is Group Head of Shari'ah Compliance of Bank Alkhair, Bahrain. Prior to that, he was Head of Product Development and Shari’ah Compliance at the International Islamic Financial Market. Al-Bashir is the author of Global Sukuk and Islamic Securitization Markets (2012) and several other books on Islamic finance. He has also contributed a number of articles published in international refereed journals. Al-Bashir holds an LLB (Shari’ah) from the Islamic University of Madina, Saudi Arabia, and a Masters of Comparative Law (MCL) and PhD in Law with particular reference to Islamic Finance from the International Islamic University, Malaysia.