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Financial Sector as the Backbone of Economic Growth: The Non-banking Sector

In: Islamic Finance and Africa's Economic Resurgence

Author

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  • Muhammad Al Bashir Muhammad Al Amine

    (Bank Alkhair)

Abstract

Until recently, Africa remained a continent filled with under-followed companies and stock markets. While China, India, and other emerging markets got the lion’s share of media and investor attention, Africa has received little notice for its recent run of solid economic performance. This is despite the fact that the continent is filled with resources to help fuel many of the booming economies that investors are clamouring for. Traditionally, Africa has not been a place where more risk-oriented emerging market investors would invest, but that is changing. Investors in search of higher returns have increased their risk tolerances and have begun to search for greater returns from so-called frontier markets

Suggested Citation

  • Muhammad Al Bashir Muhammad Al Amine, 2016. "Financial Sector as the Backbone of Economic Growth: The Non-banking Sector," Palgrave Studies in Islamic Banking, Finance and Economics, in: Islamic Finance and Africa's Economic Resurgence, chapter 0, pages 197-244, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-3-319-28835-2_6
    DOI: 10.1007/978-3-319-28835-2_6
    as

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