IslamicFinance.de

One of the featured sessions at the Global Islamic Economy Summit from 5-6 October was on the role of Islamic finance in financial inclusion. This is an interesting subject because it has primarily been seen only from the perspective that Islamic finance is able to promote inclusiveness by offering a Shari'ah-compliant solution to people whose exclusion is driven by their reluctance or unwillingness to engage with the conventional financial sector. While this represents an important segment of the market for Islamic finance, this mindset limits its potential greatly to just those Muslims located in jurisdictions friendly to Islamic finance and within those countries to the Muslims who have access.