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© 2016

Islamic Finance and Africa's Economic Resurgence

Promoting Diverse and Localized Investment

  • Details the unprecedented economic growth in African countries

  • Identifies the value of Islamic finance for fund diversification and financial inclusion

  • Highlights the immense potential of Africa’s investment opportunities

Book

Table of contents

  1. Front Matter
    Pages i-xv
  2. Muhammad Al Bashir Muhammad Al Amine
    Pages 1-26
  3. Muhammad Al Bashir Muhammad Al Amine
    Pages 27-51
  4. Muhammad Al Bashir Muhammad Al Amine
    Pages 53-120
  5. Muhammad Al Bashir Muhammad Al Amine
    Pages 121-161
  6. Muhammad Al Bashir Muhammad Al Amine
    Pages 163-195
  7. Muhammad Al Bashir Muhammad Al Amine
    Pages 197-244
  8. Muhammad Al Bashir Muhammad Al Amine
    Pages 245-286
  9. Muhammad Al Bashir Muhammad Al Amine
    Pages 287-339
  10. Muhammad Al Bashir Muhammad Al Amine
    Pages 341-349
  11. Back Matter
    Pages 351-384

About this book

Introduction

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.

Keywords

Islamic finance African finance local investment diversification economic growth

Authors and affiliations

  1. 1.Bank AlkhairBusaiteen- MuharraqBahrain

About the authors

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.

Bibliographic information

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Finance, Business & Banking