Harnessing blended finance for poverty eradication in Muslim countries

Noordin, Nazrul Hazizi and Hasan, Aznan (2024) Harnessing blended finance for poverty eradication in Muslim countries. Islamic Finance News.

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Abstract

While some Muslim-majority nations have made progress, many remain entangled in the relentless cycle of poverty. Alarmingly, around 50% of the world’s poorest people reside in Muslim countries, with one in every five Muslims living in extreme poverty. This dire situation is particularly pronounced in sub-Saharan Africa, where 25 member countries of the Organisation of Islamic Cooperation (OIC) rank among the most poverty-stricken globally, grappling to meet basic needs like food and shelter, The struggle is often exacerbated by a myriad of challenges like political unrest, corruption and chronic mismanagement that thwart development.

Item Type:	Article (Magazine)
Uncontrolled Keywords:	Blended finance, poverty eradication, Muslim countries
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:	Dr Nazrul Hazizi Noordin
Date Deposited:	01 Feb 2025 17:45
Last Modified:	01 Feb 2025 17:45
URI:	http://irep.iium.edu.my/id/eprint/119070

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