Publications

Alternative Data Transforming SME Finance

Digital finance, using alternative data, offers an extraordinary opportunity for expanding access to finance for small businesses.

Publications

Publications

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...
Islamic SME business model, by Israa Capital
Israa Capital presents its Islamic SME business model.This presentation was given during a conference jointly organized by The Arab Monetary Fund and IFC on “Building a High Performance Small Medium Enterprise Business in the Arab World” on 7-8 May 2013 in Dubai, UAE.
Policies & Regulation of Micro & Small Finance Sector in Sudan by Prof. Badr El Din A. Ibrahim, President, of  the Microfinance Unit of the Central Bank of Sudan
This presentation outlines Central Bank of Sudan’s major Islamic micro-finance policies and strategies to face the remaining challenges. This presentation was given during a conference jointly organized by The Arab Monetary Fund and IFC on “Building a High Performance Small Medium Enterprise Business in the Arab World” on 7-8 May 2013 in Dubai,...