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Financial inclusion, poverty and shared prosperity in sub-Saharan African countries

Maouloud, Vatimetou Mokhtar and Kassim, Salina and Othman, Anwar Hasan Abdullah (2019) Financial inclusion, poverty and shared prosperity in sub-Saharan African countries. International Journal of Social Science and Economic Research, 04 (12). pp. 7192-7199. ISSN 2455-8834

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This article attempts to determine the role of financial inclusion in promoting shared prosperity in some selected Sub-Saharan African (SSA) countries. This paper will also clarify the role of Islamic microfinance institutions to reduce inequality by promoting financial inclusion. Even though various strategies have been adopted by different governments in SSA to alleviate poverty and income inequality, these problems are persisting and even increasing. This paper is a conceptual research; thus, the methodology will not be discussed. This research suggests that financial inclusion through Islamic microfinance is an effective solution to improve shared prosperity and alleviate poverty in these countries. Therefore, governments should adopt strategies to enhance and ease access to finance among poor and vulnerable population.

Item Type: Article (Journal)
Additional Information: 4600/78380
Uncontrolled Keywords: Financial inclusion, shared prosperity, Islamic microfinance, inequality, poverty alleviation
Subjects: H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Asst.Prof Anwar Hasan Abdullah Othman
Date Deposited: 04 Feb 2020 10:48
Last Modified: 20 Feb 2020 11:21
URI: http://irep.iium.edu.my/id/eprint/78380

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