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|z 9781498348669
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|a 1018-5941
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|a Gelbard, Enrique.
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|a Islamic Finance in Sub-Saharan Africa :
|b Status and Prospects /
|c Enrique Gelbard, Mumtaz Hussain, Rodolfo Maino, Yibin Mu.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2014.
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant to the region, in particular the ability to foster SMEs and micro-credit activtities. As a first step, policy makers could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign investors. The entrance of full-fleged Islamic banks require addressing systemic issues, and adapting the crisis management and resolution frameworks. The IMF can play a role by sharing international experiences and providing advice on supervisory and regulatory frameworks as needed.
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|a Mode of access: Internet
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|a Bank Insolvency Law
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|a Banks Customer
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|a Finance Activity
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|a Infrastructure Financing Needs
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|a WP
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|a Malaysia
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|a Hussain, Mumtaz.
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|a Maino, Rodolfo.
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|a Mu, Yibin.
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|a IMF Working Papers; Working Paper ;
|v No. 2014/149
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2014/149/001.2014.issue-149-en.xml
|z IMF e-Library
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