Work

Islamic Economic Mechanisms to Achieve Inclusiveness and Islamic Finance for Sustainability

Year: 2024

Type: article

Abstract: The present study explores avenues for Islamic economics to achieve financial inclusiveness and Islamic finance to achieve sustainability. The study focuses on the importance of providing financial services to the poor as a tool for development and poverty reduction. The study also reviews impediments to poor people's access to financial services, such as low income, high risks, high costs, and cultural and religious constraints. The present study emphasizes the importance of providing Shariah-compliant financial services to the poor in Islamic countries. The study also addresses the regulatory aspects of Islamic financial institutions and the role of zakat and waqf in achieving financial inclusion and sustainability.

Source: Journal of Ecohumanism

DOI: 10.62754/joe.v3i8.4933

Author: Alaa Thabit Jasim Al-Isawi

Institution: Iraqi University

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: No poverty, Reduced inequalities, Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4404754590

FWCI: 4.075

Cites:

Cited by: 4

Related to: 10