IslamicFinance.de

Not only is Islamic finance gaining broader recognition in financial markets, it's also becoming a viable "alternative" source of funding to address pressing developmental challenges, eliminate extreme poverty and boost shared prosperity in developing and emerging economies. Islamic finance can make significant contributions to economic development, given its direct link to physical assets and the real economy. Moreover, by expanding the range and reach of financial products, Islamic finance could help improve financial access and foster the inclusion of those who are now deprived of financial services. Islamic finance also helps strengthen financial stability. However, the industry will also need to address several challenges.