The imperative of a Riba-free inclusive financial system
Introduction: The relative importance of an efficient and inclusive financial system cannot be ignored. Such system is needed for ensuring efficient allocation of resources, prevention of inequalities in outcome and opportunities especially among the poor micro-entrepreneurs (Demirguc-Kunt, Beck,...
| Main Authors: | , , , , |
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| Format: | Proceeding Paper |
| Language: | English |
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2011
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| Online Access: | http://irep.iium.edu.my/15418/1/The_imperative_of_riba-free.pdf |
| _version_ | 1796876234645307392 |
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| author | Adeyemi, Adewale Abideen Muhammad Bashir, Yusuf Mikail, Said Adekunle Ibrahim, Mekhlafi Mustafa, Daud |
| author_facet | Adeyemi, Adewale Abideen Muhammad Bashir, Yusuf Mikail, Said Adekunle Ibrahim, Mekhlafi Mustafa, Daud |
| author_sort | Adeyemi, Adewale Abideen |
| collection | IIUM |
| description | Introduction:
The relative importance of an efficient and inclusive financial system cannot be ignored. Such system is needed for ensuring efficient allocation of resources, prevention of inequalities in outcome and opportunities especially among the poor micro-entrepreneurs (Demirguc-Kunt, Beck, and Honohan, 2008). According to Chowdhury, Ghosh, and Wright (2005), evidences abound that the financial repressions from both the formal and informal sources of finance interact with many other economic, social and demographic factors to cause the vicious circle of poverty. Based on individual and social characteristics, Demirguc-Kunt, Klapper and Panos (2007:27) suggest that financial constraint is crucial both in promoting entry into self-employment and its subsequent success. |
| first_indexed | 2024-03-05T22:49:35Z |
| format | Proceeding Paper |
| id | oai:generic.eprints.org:15418 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-05T22:49:35Z |
| publishDate | 2011 |
| record_format | dspace |
| spelling | oai:generic.eprints.org:154182012-08-01T02:47:56Z http://irep.iium.edu.my/15418/ The imperative of a Riba-free inclusive financial system Adeyemi, Adewale Abideen Muhammad Bashir, Yusuf Mikail, Said Adekunle Ibrahim, Mekhlafi Mustafa, Daud HG Finance Introduction: The relative importance of an efficient and inclusive financial system cannot be ignored. Such system is needed for ensuring efficient allocation of resources, prevention of inequalities in outcome and opportunities especially among the poor micro-entrepreneurs (Demirguc-Kunt, Beck, and Honohan, 2008). According to Chowdhury, Ghosh, and Wright (2005), evidences abound that the financial repressions from both the formal and informal sources of finance interact with many other economic, social and demographic factors to cause the vicious circle of poverty. Based on individual and social characteristics, Demirguc-Kunt, Klapper and Panos (2007:27) suggest that financial constraint is crucial both in promoting entry into self-employment and its subsequent success. 2011 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/15418/1/The_imperative_of_riba-free.pdf Adeyemi, Adewale Abideen and Muhammad Bashir, Yusuf and Mikail, Said Adekunle and Ibrahim, Mekhlafi and Mustafa, Daud (2011) The imperative of a Riba-free inclusive financial system. In: 2nd World Conference on Riba: The Riba Conundrum: Impartial Outlook from Accounting and Religious Perspectives, 26-27 July 2011, Putra World Trade Centre (PWTC), Kuala Lumpur. http://www.iium.edu.my/kenms/events/2nd-world-conference-riba |
| spellingShingle | HG Finance Adeyemi, Adewale Abideen Muhammad Bashir, Yusuf Mikail, Said Adekunle Ibrahim, Mekhlafi Mustafa, Daud The imperative of a Riba-free inclusive financial system |
| title | The imperative of a Riba-free inclusive financial system |
| title_full | The imperative of a Riba-free inclusive financial system |
| title_fullStr | The imperative of a Riba-free inclusive financial system |
| title_full_unstemmed | The imperative of a Riba-free inclusive financial system |
| title_short | The imperative of a Riba-free inclusive financial system |
| title_sort | imperative of a riba free inclusive financial system |
| topic | HG Finance |
| url | http://irep.iium.edu.my/15418/1/The_imperative_of_riba-free.pdf |
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