Challenges and opportunities in developing Islamic social finance

Haneef, Mohamed Aslam (2017) Challenges and opportunities in developing Islamic social finance. In: Launching of Centre for Islamic Social Finance Intelligence, 27 Oct 2017, Surabaya, Indonesia. (Unpublished)

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Abstract

Introduction No one can deny the presence of Islamic economics and especially Islamic Banking and Finance. Since the 1960s, Islamic economics began as a ‘movement’, with ideals and higher goals to improve the condition of the ummah at a time when the ummah was just rising from centuries of slumber. With political independence after WW2, Muslim countries needed to find their own solutions to their development challenges. The mid 1970s saw the first commercial Islamic bank established in Dubai. Soon after, one by one Muslim country and even non-Muslim countries set-up Islamic banks. 40 years later, what began as part of the Islamic economics movement had become an Islamic banking/finance industry. By all quantitative accounts, IBF has made its presence felt in the ummah. Yet, there 2 are still voices of dissatisfaction with the role and contribution of IBF to the well-being of the ummah.

Item Type:	Conference or Workshop Item (Keynote)
Uncontrolled Keywords:	Islamic finance
Subjects:	H Social Sciences > HB Economic Theory > HB126.4 Islamic Economics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Centre for Islamic Economics Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Prof. Mohamed Aslam Mohamed Haneef
Date Deposited:	06 Apr 2018 10:06
Last Modified:	06 Apr 2018 10:06
URI:	http://irep.iium.edu.my/id/eprint/63309

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