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The imperative of a Riba-free inclusive financial system

Adeyemi, Adewale Abideen and Muhammad Bashir, Yusuf and Mikail, Said Adekunle and Ibrahim, Mekhlafi and Mustafa, Daud (2011) The imperative of a Riba-free inclusive financial system. In: 2nd World Conference on Riba: The Riba Conundrum: Impartial Outlook from Accounting and Religious Perspectives, 26-27 July 2011, Putra World Trade Centre (PWTC), Kuala Lumpur.

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Abstract

Introduction: The relative importance of an efficient and inclusive financial system cannot be ignored. Such system is needed for ensuring efficient allocation of resources, prevention of inequalities in outcome and opportunities especially among the poor micro-entrepreneurs (Demirguc-Kunt, Beck, and Honohan, 2008). According to Chowdhury, Ghosh, and Wright (2005), evidences abound that the financial repressions from both the formal and informal sources of finance interact with many other economic, social and demographic factors to cause the vicious circle of poverty. Based on individual and social characteristics, Demirguc-Kunt, Klapper and Panos (2007:27) suggest that financial constraint is crucial both in promoting entry into self-employment and its subsequent success.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 6700/15418
Uncontrolled Keywords: Riba-free inclusive
Subjects: H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences
Depositing User: Dr. Abideen Adeyemi Adewale
Date Deposited: 01 Aug 2012 10:47
Last Modified: 01 Aug 2012 10:47
URI: http://irep.iium.edu.my/id/eprint/15418

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