Economic Reports

Global Report on Islamic Finance

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World Bank – The World Bank Group and the Islamic Development Bank published the first Global Report on Islamic Finance <https://openknowledge.worldbank.org/handle/10986/25738> , which details the prospects for the global Islamic finance industry and its potential to help reduce worldwide income inequality, enhance sharing prosperity, and achieve the Sustainable Development Goals.

Subtitled “A Catalyst for Shared Prosperity?”, the report provides an overview of trends in Islamic finance, identifies major challenges hindering the industry’s growth, and recommends policy interventions to leverage Islamic finance for promoting shared prosperity.

The report outlines a theoretical framework to analyze Islamic economics and finance based as follows:

*     Institutional framework and public policy

*     Prudent governance and accountable leadership

*     Promotion of an economy based on risk sharing and entrepreneurship

*     Financial and social inclusion

To read full report: https://openknowledge.worldbank.org/bitstream/handle/10986/25738/9781464809262.pdf?sequence=2&isAllowed=y

 

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