Publications

Digital Commerce and Youth Employment in Africa

The Mastercard Foundation in partnership with BFA released Digital Commerce and Youth Employment in Africa, new research that shows 80 million young people will benefit from the rise of digital commerce in Africa by 2030. These findings indicate that the digital commerce sector has the potential of disrupting the future of work on the continent.

Publications

Publications

Islamic Finance Development Report 2018
The global Islamic finance industry had a CAGR growth of six percent to $2.4 trillion in assets from 2012, based on figures reported for 56 countries. Iran, Saudi Arabia and Malaysia remain the largest Islamic finance markets in terms of assets, while Cyprus, Nigeria and Australia saw the most rapid growth. Malaysia, Bahrain and the UAE again led...
Are Microfinance Borrowers in Lebanon OverIndebted?
This report presents the results of a research study started in late 2014 by the Sanad Fund for MSME’s Technical Assistance Facility and CGAP to confirm or refute indications of cross- and over-indebtedness of microfinance borrowers in Lebanon. The study included an analysis of loan and income data for 1,200 microfinance institution (MFI)...
Mobilizing Islamic Finance for Infrastructure Public-Private Partnerships
This PPIAF-funded report aims to discuss and disseminate information on how Islamic finance has been applied in infrastructure projects through PPP schemes, what the structural challenges and solutions are, and what can be done to deepen and maximize the use of Islamic finance for this purpose. This report has two broad dimensions. The first is to...
Global Report on Islamic Finance: Islamic Finance - A Catalyst for Shared Prosperity?
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...
Islamic Banking Development and Access to Credit
The aim of this paper is to investigate the impact of Islamic banking development on access to credit. The authors combine data from a unique hand-collected database that covers Islamic banks over the period of 2000 to 2005 with firm-level data covering developing and emerging countries. The authors find that Islamic banking development has...
Islamic Finance and SMEs:Macroeconomic and Regulatory Perspective
Organization for Islamic Cooperation (OIC) members have lower levels of financial inclusion. —Religious self-exclusion slightly in OIC members with Islamic banking (10¼%) than in those without (9½%).
COMPETITION IN ISLAMIC BANKING Propel New Opportunities For SMEs
“Unless we introduce a ‘game changer’, we will be caught in a middle-income trap, whereby we are no longer as competitive on cost as some countries.” “Going forward, the Government would adopt a differentiated approach to accelerate the growth of SMEs and to provide the impetus for growth led by the private sector.” “…an innovation-led economy...
Opportunities for SMEs in the New Era of Islamic Financing
Shariah Compliant Financing Supports Economic Development. A Global Snapshot of Islamic Finance shows Uptrend Persists and Sukuk Market is Maturing.
Islamic Banking Opportunities Across Small and Medium Enterprises in MENA
Thousands of small and medium enterprises (SMEs) across the Middle East and North Africa are not accessing banking services because of a lack of Shari'ah-compliant products, according to a new study released by the International Finance Corporation (IFC), a member of the World Bank Group. The study, Islamic Banking Opportunities Across Small and...
Islamic finance and financial inclusion: measuring use of and demand for formal financial services among Muslim adults
In recent years, the Islamic finance industry has attracted the attention of policy makers and international donors as a possible channel through which to expand financial inclusion, particularly among Muslim adults. Yet cross-country, demand-side data on actual usage and preference gaps in financial services between Muslims and non-Muslims have...