Summary of Can Islamic Banking Increase Financial Inclusion?

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Can Islamic Banking Increase Financial Inclusion? summary
Start getting smarter:
or see our plans

Rating

7 Overall

8 Importance

8 Innovation

5 Style


Recommendation

Some Muslims may avoid formal banking relationships to keep from running afoul of Sharia, so the growing Islamic financial sector would seem a likely vehicle through which to serve currently unbanked Muslim consumers and businesses. But according to economists Sami Ben Naceur, Adolfo Barajas and Alexander Massara, there’s little evidence of a correlation between Islamic banking and Muslims’ financial inclusion. While its topic is weighty, the report suffers from a somewhat muddled and disorganized presentation. Nonetheless, getAbstract recommends it to bankers and economists for its insights into the Muslim world’s complicated relationship with banking.

In this summary, you will learn

  • How Islamic banks affect Muslims’ financial inclusion and
  • How the Islamic financial sector could bring more Muslim consumers and businesses into the financial system.
 

About the Authors

Sami Ben Naceur, Adolfo Barajas and Alexander Massara are economists at the International Monetary Fund.

 

Summary

International efforts to include more of the world’s unbanked citizens in the financial system, thereby optimizing global economic growth, run up against the issue of “voluntary exclusion.” More than half of all adults on the planet don’t have bank accounts, and 5% of them cite religious reasons for...

More on this topic

By the same authors

Transmission Troubles
Transmission Troubles
8
Financial Development, Inequality and Poverty: Some International Evidence
Financial Development, Inequality and Poverty: Some International Evidence
8
Rethinking Financial Deepening
Rethinking Financial Deepening
8
Shedding Light on Shadow Banking
Shedding Light on Shadow Banking
7

Customers who read this summary also read

Staying the Course in Banking
Staying the Course in Banking
7
Accelerating Bionic Transformation
Accelerating Bionic Transformation
7
How Deutsche Bank Made a $462 Million Loss Disappear
How Deutsche Bank Made a $462 Million Loss Disappear
8
Benefits of Global and Regional Financial Integration in Latin America
Benefits of Global and Regional Financial Integration in Latin America
8
How Pricing Can Solve European Banking’s Earnings Crisis
How Pricing Can Solve European Banking’s Earnings Crisis
8
When Money Can No Longer Travel
When Money Can No Longer Travel
8

Related Channels

Comment on this summary