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Islamic Finance and Africa's Economic Resurgence - Promoting Diverse and Localized Investment (Hardcover, 1st ed. 2016)
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Islamic Finance and Africa's Economic Resurgence - Promoting Diverse and Localized Investment (Hardcover, 1st ed. 2016)
Series: Palgrave Studies in Islamic Banking, Finance, and Economics
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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.
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