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Role of Islamic finance for the development: A Case Study of the Kyrgyz Republic and Tajikistan (Occasional Papers)

Author

Listed:
  • Ali, Salman Syed

    (The Islamic Research and Teaching Institute (IRTI))

  • Shirazi, Nasim Shah

    (The Islamic Research and Teaching Institute (IRTI))

  • Nabi, Mahmoud Sami

    (The Islamic Research and Teaching Institute (IRTI))

Abstract

The book pinpoints the failure of conventional finance in providing inclusive growth to the world economies and explores the potential of Islamic Finance to generate equitable and sustainable economic development in the low income countries. This potential role of Islamic finance is discussed in the context of case studies of Kyrgyz Republic and Tajikistan. The study notes the achievements as well as identifies some key constraints faced by these countries in their aspiration for socio-economic development. Since these constraints are a combination of financial, governance and political factors that are interlinked. Therefore, a broader approach is followed here highlighting the issues and indicating how Islamic finance can address them to alleviate some of the identified constraints. It also discusses examples of some specific sectors where Islamic finance can make a difference.

Suggested Citation

  • Ali, Salman Syed & Shirazi, Nasim Shah & Nabi, Mahmoud Sami, 2013. "Role of Islamic finance for the development: A Case Study of the Kyrgyz Republic and Tajikistan (Occasional Papers)," Occasional Papers 257, The Islamic Research and Teaching Institute (IRTI).
  • Handle: RePEc:ris:irtiop:0257
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    Cited by:

    1. Nabi, Mahmoud Sami, 2021. "لتشع تونس من جديد [Making the Tunisian Resurgence]," MPRA Paper 107225, University Library of Munich, Germany.

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