Islamic Finance for Asia: Development, Prospects, and Inclusive Growth
The growth of Islamic finance underscores its potential as an alternative financing source for infrastructure and economic development in Asia.
Islamic finance may potentially be a source of investment financing in both advanced and emerging economies, and a means for diversifying funding and broadening risk exposures at both institutional and macroeconomic levels. Further development of Islamic finance needs to address challenges related to capacity building needs of supervisory authorities and market players, as well as the development of legal and regulatory frameworks that can cater to the specificities of the Islamic finance industry.
Against the backdrop of the growing importance of Islamic finance in ADB’s member countries, this co-publication of ADB and the Islamic Financial Services Board is intended as a useful resource for better understanding the Islamic financial services industry in Asia, and a valuable reference for jurisdictions in other regions that aim to understand, introduce and develop Islamic finance.
- List of Figures, Tables, and Boxes
- About the Contributors
- Islamic Finance for Asia: Innovation, Inclusion, and Growth
- Islamic Finance Stability, Resilience, and Regulatory Issues
- Islamic Finance: Financial Inclusion as a Core Concept
- Islamic Capital Markets: Potentials and Prospects for Development
- Implementation of Global Prudential Standards for the Islamic Financial Services Industry
- Legal and Regulatory Issues for Islamic Finance: Post-Crisis Scenario
- Taking the Initiative for Islamic Finance: Role of Governments and the Private Sector
- The Way Forward: Key Islamic Finance Challenges and Road Map for Asia