The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries

The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries

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...

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Bibliographic Details
Main Authors:	Mohieldin, Mahmoud, Iqbal, Zamir, Rostom, Ahmed, Fu, Xiaochen
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCEPTABLE COLLATERAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO INSURANCE ACCESS TO RESOURCES ACCESSIBILITY ADMINISTRATIVE COSTS AFFORDABLE COST AGRICULTURAL SECTOR ANTI-MONEY LAUNDERING AVAILABILITY OF CREDIT BANK BRANCHES BANK POLICY BANKRUPTCY BANKS BIASES BORROWER BORROWING BUSINESS CAPITAL CAPITAL ACCUMULATION CAPITAL MARKETS CAPITAL REQUIREMENT CENTRAL BANKS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK BRANCHES CONSUMER PROTECTION CONSUMER PROTECTIONS CONTRACTUAL OBLIGATION CONVENTIONAL FINANCE COOPERATIVES COORDINATION FAILURE CREDIT ASSESSMENT CREDIT BUREAU CREDIT HISTORIES CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT INFORMATION SYSTEMS CREDIT PROGRAM CREDIT PROVISION CREDIT REGISTRY CREDIT SUBSIDIES CREDITOR DEBT DEBT FINANCING DEBTOR DEBTORS DECEPTIVE PRACTICES DEPOSIT DEPOSITORS DEPOSITS DERIVATIVE DEVELOPING COUNTRIES DIRECT INVESTMENT DISCRIMINATION DIVERSIFICATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC BARRIERS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESOURCES ECONOMIC SYSTEM ECONOMIC TRANSACTIONS EMERGING MARKETS EMPOWERMENT ENABLING ENVIRONMENT ENDOWMENTS ENTREPRENEUR ENTREPRENEURS EQUAL OPPORTUNITIES EXPENDITURES EXTREME POVERTY FAMILIES FARMERS FEMALE BORROWERS FINANCIAL ACCESS FINANCIAL AGENCIES FINANCIAL CAPACITY FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL NEEDS FINANCIAL PRODUCT FINANCIAL PRODUCTS FINANCIAL REGULATORS FINANCIAL RESOURCES FINANCIAL SECTOR POLICY FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TOOLS FINANCING NEEDS FIXED ASSETS FREE LOAN FREE LOANS GROUP LENDING GROWTH OPPORTUNITIES HOLDING HOME OWNERSHIP HOUSEHOLDS IMPLICIT INTEREST INCOME GROUP INCOME GROUPS INCOME INEQUALITY INEQUALITIES INEQUALITY INFORMATION ASYMMETRIES INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE COMPANY INSURANCE PENETRATION INSURANCE SERVICES INTEREST INCOME INTERNATIONAL BANK INVESTMENT BANK INVESTMENT OPPORTUNITIES ISLAMIC BANK ISLAMIC BANKS ISLAMIC ECONOMICS ISLAMIC ECONOMY ISLAMIC FINANCE ISLAMIC FINANCIAL INSTRUMENTS ISLAMIC INSTRUMENT ISLAMIC INSTRUMENTS ISLAMIC LAW KEY CHALLENGES LACK OF ACCESS LACK OF COLLATERAL LENDER LENDERS LEVEL PLAYING FIELD LEVIES LIABILITY LIQUIDITY LIVING STANDARD LOAN BALANCE LOAN COOPERATIVES MARKET FAILURES MFI MFIS MICRO CREDIT MICRO ENTERPRISE MICRO ENTERPRISES MICRO FINANCE MICRO FINANCE INSTITUTION MICRO FINANCE INSTITUTIONS MICRO-FINANCE MICRO-INSURANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MICROINSURANCE MORAL HAZARD MORTGAGE NET WORTH NEW BUSINESS NEW MARKET NONPAYMENT OUTREACH OUTSTANDING LOAN PHYSICAL CAPITAL POOR BORROWERS PREJUDICE PRIVATE CREDIT PROPERTY RIGHTS PRUDENTIAL REGULATION PUBLIC CREDIT REAL ESTATE RECESSION REMITTANCE REMITTANCES REPAYMENT REPAYMENT PERIOD REPAYMENT RATE RETURN RETURNS REVOLVING FUND RIBA RIGHT OF POSSESSION RISK DIVERSIFICATION RISK MANAGEMENT RISK MITIGATION RISK SHARING RURAL BANKS RURAL FINANCE RURAL FINANCIAL ACCESS SAVINGS SAVINGS RATE SMALL BUSINESS SMALL BUSINESS LOAN SMALL BUSINESSES SMALL ENTERPRISES SMALL FARMERS SOCIAL DEVELOPMENT SOCIAL INEQUALITY SOCIAL JUSTICE SOCIAL WELFARE SOURCE OF INCOME START-UPS TAX CREDITS TRADING TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS TREASURY TRUSTEE UNEMPLOYMENT VILLAGE VILLAGE FUNDS VILLAGES WEALTH TAX WOMAN WOMEN BORROWERS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111223222517 http://hdl.handle.net/10986/3692

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111223222517
http://hdl.handle.net/10986/3692