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010 a| 2017304950;

020 a| 9781464809262q| paper;

020 a| 1464809267q| paper;

020 z| 9781464809279q| electronic book;

020 z| 1464809275q| electronic book;

035 a| (WaSeSS)ssib027457725;

042 a| lccopycat;

043 a| ma-----;

049 a| EREEa| NEHH;

050 00 a| HJ1438b| .I75 2016;

245 00 a| Islamic financeh| [electronic resource] :b| a catalyst for shared prosperity?;

246 1 i| At head of title:a| Global report on Islamic finance;

246 18 a| Global report on Islamic finance, Islamic finance;

260 a| Washington, D.C. :b| World Bank Group,c| [2016];

300 a| xxviii, 218 pages :b| color illustrations ;c| 26 cm;

500 a| "This report was prepared as a Joint initiative of the World Bank Group (WBG) and the Islamic Development Bank Group (IDBG). The team was led by Azmi Omar, Director General of the Islamic Research and Training Institute (IRTI), IDBG, and Zamir Iqbal, lead financial sector specialist, Finance and Markets (F&M) Global Practice, Workd Bank"--page xiii.;

504 a| Includes bibliographical references and index.;

505 0 a| Contents -- Foreword -- Acknowledgements --Glossary -- Abbreviations -- Overview -- 1. Islamic finance and shared prosperity -- 2. The state of development and shared prosperity in OIC countries -- 3. The Islamic banking sector -- 4. Islamic capital markets -- 5. Takāful (Islamic insurance), Retakāful, and Micotakāful -- 6. Nonbank financial institutions -- 7. Alternative asset classes -- 8. Islamic social finance -- 9. Public policy measures to enhance shared prosperity -- Chatper attributions -- Index.;

506 a| Available only to authorized users.;

520 3 a| Income inequality has increased considerably in the aftermath of the financial crisis of 2007--08 to the extent that one percent of global population possess almost half of the global assets. Whereas the development community is unanimous to tackle growing inequality and imbalance in the distribution of wealth, there is a difference of opinion as to the approaches to achieve this goal. This report presents a perspective from Islamic finance on how shared prosperity can be enhanced. The theoretical framework for economic development by Islamic economics and finance is based on four fundamental pillars: (i) an institutional framework and public policy oriented to the development objectives of Islam; (ii) prudent governance and accountable leadership; (iii) promotion of the economic and financial system based on risk sharing; and (iv) financial and social inclusion for all, promoting development, growth, and shared prosperity. There is evidence that Islamic finance is experiencing high growth with the banking sector leading the way. Several countries are working seriously towards developing standards, regulation and legal frameworks for the development of Islamic finance. However, there are a number of aspects where policy interventions or improvements in policy effectiveness are needed to develop Islamic finance to promote shared prosperity. Without the enabling environment, Islamic finance may not be able to attain the potential expected of it. With adequate policy interventions and enabling financial infrastructure, Islamic finance could become a catalyst for alleviating poverty and inclusive prosperity. The key findings of the report include a need for sound regulatory framework for Islamic financial institutions due to the obvious differences from the conventional banks, harmonizing of Shariah standards and more discourse related to the underlying mechanism of Islamic financial products. Islamic capital markets both equity and Sukuk (Islamic bonds) are vital for the development of Islamic financial markets. Finally, instruments of Islamic social finance and redistribution could contribute further to enhance the shared prosperity.;

530 a| Also available online.;

538 a| Mode of access: World Wide Web;

650 0 a| Finance, Publicz| Islamic countries.=| ^A49816;

650 0 a| Finance (Islamic law)=| ^A629938;

650 0 a| Banks and bankingz| Islamic countries.=| ^A252643;

650 0 a| Income distributionz| Islamic countries.=| ^A55762;

650 7 a| Banks and banking.2| fast0| (OCoLC)fst00826867;

650 7 a| Finance (Islamic law)2| fast0| (OCoLC)fst00924432;

650 7 a| Finance, Public.2| fast0| (OCoLC)fst00924477;

650 7 a| Income distribution.2| fast0| (OCoLC)fst00968670;

651 7 a| Islamic countries.2| fast0| (OCoLC)fst01244130?| UNAUTHORIZED;

655 0 a| Electronic books.=| ^A491897;

700 1 a| Omar, Mohd Azmi.?| UNAUTHORIZED;

700 1 a| Iqbal, Zamir.=| ^A1053024;

710 2 a| World Bank Group.=| ^A347215;

710 2 a| Islamic Development Bank.=| ^A252642;

856 40 z| Full text available from Ebook Central - Academic Completeu| https://ebookcentral.proquest.com/lib/eastcarolina/detail.action?docID=4826376;

947 a| (OCoLC)ocn959275005;

949 a| CLICK ON WEB ADDRESSw| ASISh| JOYNER188;

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999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5783989-1001l| JNETm| JOYNERr| Ys| Yt| JNESSBKu| 1/14/2022x| EBOOKz| JERESOURCE;

999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5783989-2001l| HSLELECm| HSLr| Ys| Yt| HEBKu| 1/14/2022x| EBOOKz| HERESOURCE;

999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5783989-3001l| MNETm| JMUSICr| Ys| Yt| MNESSBKu| 1/14/2022x| EBOOKz| JERESOURCE;

Islamic finance a catalyst for shared prosperity?

Format	Electronic
Publication Info	Washington, D.C. : World Bank Group, [2016]
Description	xxviii, 218 pages : color illustrations ; 26 cm
Supplemental Content	Full text available from Ebook Central - Academic Complete
Subjects	Finance, Public--Islamic countries. Finance (Islamic law) Banks and banking--Islamic countries. Income distribution--Islamic countries.

Other author/creator	Omar, Mohd Azmi.
Other author/creator	Iqbal, Zamir.
Other author/creator	World Bank Group.
Other author/creator	Islamic Development Bank.
Variant title	At head of title: Global report on Islamic finance
Spine title	Global report on Islamic finance, Islamic finance
Contents	Contents -- Foreword -- Acknowledgements --Glossary -- Abbreviations -- Overview -- 1. Islamic finance and shared prosperity -- 2. The state of development and shared prosperity in OIC countries -- 3. The Islamic banking sector -- 4. Islamic capital markets -- 5. Takāful (Islamic insurance), Retakāful, and Micotakāful -- 6. Nonbank financial institutions -- 7. Alternative asset classes -- 8. Islamic social finance -- 9. Public policy measures to enhance shared prosperity -- Chatper attributions -- Index.
Summary	Income inequality has increased considerably in the aftermath of the financial crisis of 2007--08 to the extent that one percent of global population possess almost half of the global assets. Whereas the development community is unanimous to tackle growing inequality and imbalance in the distribution of wealth, there is a difference of opinion as to the approaches to achieve this goal. This report presents a perspective from Islamic finance on how shared prosperity can be enhanced. The theoretical framework for economic development by Islamic economics and finance is based on four fundamental pillars: (i) an institutional framework and public policy oriented to the development objectives of Islam; (ii) prudent governance and accountable leadership; (iii) promotion of the economic and financial system based on risk sharing; and (iv) financial and social inclusion for all, promoting development, growth, and shared prosperity. There is evidence that Islamic finance is experiencing high growth with the banking sector leading the way. Several countries are working seriously towards developing standards, regulation and legal frameworks for the development of Islamic finance. However, there are a number of aspects where policy interventions or improvements in policy effectiveness are needed to develop Islamic finance to promote shared prosperity. Without the enabling environment, Islamic finance may not be able to attain the potential expected of it. With adequate policy interventions and enabling financial infrastructure, Islamic finance could become a catalyst for alleviating poverty and inclusive prosperity. The key findings of the report include a need for sound regulatory framework for Islamic financial institutions due to the obvious differences from the conventional banks, harmonizing of Shariah standards and more discourse related to the underlying mechanism of Islamic financial products. Islamic capital markets both equity and Sukuk (Islamic bonds) are vital for the development of Islamic financial markets. Finally, instruments of Islamic social finance and redistribution could contribute further to enhance the shared prosperity.
General note	"This report was prepared as a Joint initiative of the World Bank Group (WBG) and the Islamic Development Bank Group (IDBG). The team was led by Azmi Omar, Director General of the Islamic Research and Training Institute (IRTI), IDBG, and Zamir Iqbal, lead financial sector specialist, Finance and Markets (F&M) Global Practice, Workd Bank"--page xiii.
Bibliography note	Includes bibliographical references and index.
Access restriction	Available only to authorized users.
Other forms	Also available online.
Technical details	Mode of access: World Wide Web
Genre/form	Electronic books.
LCCN	2017304950
ISBN	9781464809262 paper
ISBN	1464809267 paper
ISBN	electronic book
ISBN	electronic book

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Islamic finance a catalyst for shared prosperity?

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