Islamic finance and charity in the Muslim world. The role of the Islamic Development Bank in financing aid

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Altea Pericoli
Keyword(s):  
Poverty Alleviation ◽  
Development Aid ◽  
Sustainable Growth ◽  
Development Cooperation ◽  
Islamic Finance ◽  
Humanitarian Relief ◽  
Development Bank ◽  
Joint Effort ◽  
The Impact

The purpose of this paper is to describe the role of Islamic finance in the charitable sector by analysing how Islamic banks and States manage funds for humanitarian and development aid. The Islamic Development Bank (IsDB) represents one of the main Islamic actors involved in the development cooperation and humanitarian relief and, in partnership with other donors, it  implements programs in its member countries. This research examines the existing literature and data regarding projects financed by the IsDB with the aim to understand the impact of Islamic financial tools on aid. The Lives and Livelihoods Fund (LLF) is an example of a program for poverty alleviation but also a mechanism of blended finance for supporting health, agriculture, and infrastructure projects. Financed by the IsDB, bilateral institutions, and foundations,it uses an innovative financing model aiming to produce sustainable growth in the most vulnerable member countries. It could represent a positive model for financing and implementing aid in a joint effort of Muslim and non-Muslim donors.

The Impact of Islamic Finance on Sustainability Reporting

2020 ◽  
pp. 262-269 ◽  
Author(s):  
Adel M. Sarea
Keyword(s):  
Financial Reporting ◽  
Sustainability Reporting ◽  
Islamic Finance ◽  
Green Accounting ◽  
Proposed Model ◽  
Mediator Role ◽  
Future Consumption ◽  
Reducing Costs ◽  
The Impact

This chapter explores the impact of Islamic finance on sustainability reporting, and the mediator role of green accounting. Sustainability focuses on balancing present and future consumption to ensure basic needs of coming generations will be met. The mediator role of green accounting could positively impact sustainability financial reporting and sustainability reporting. The chapter employs content analysis approaches to explore the environmental impact of Islamic finance on sustainability reporting. Sustainability enhances future environmental aspects of reducing costs and risk management. The proposed model is based on the literature review to conceptualize the mediator role of green accounting. The chapter adds value to the literature on green accounting and sustainability reporting by considering the role of Islamic finance to promote a friendly environment.

scholarly journals Role of Rural Development Bank in Women Empowerment: A Poverty Alleviation Perspective

2019 ◽  
Vol 16 ◽  
pp. 75-82
Author(s):  
Sirjana Kafle
Keyword(s):  
Rural Development ◽  
Poverty Alleviation ◽  
Family Income ◽  
Living Standard ◽  
Development Bank ◽  
Case Study Methodology ◽  
Self Employment ◽  
The Social ◽  
Quality Child

The study seeks to explain role of Rural Development Bank (RDB) for empowering women from poverty alleviation perspective. More so, this study was conducted in Shankarnagar located in Rupendehi District. Under quantitative case study methodology, necessary data are collected from 120 respondents selected randomly. The results show that Shankarnagar area office of RDB has played remarkable role in reducing poverty in the study area. The social and financial programmes implemented this bank has helped to alleviate poverty in some extent. It has also contributed to increase family income, self employment opportunities, better health and hygiene, better living standard, saving and credit activities and access to quality child education. Hence, better to make further social/financial plans/programmes for reducing poverty in general and empowering women in particular.

scholarly journals The Role of Borrowers Living Area and Its Moderation Effect of Relationship of Microfinance and Poverty Alleviation in Sri Lanka: Multi –Group CFA

2019 ◽  
pp. 1-8
Author(s):  
J.A Prasansha Kumari ◽  
Dr. S.M. Ferdous Azam ◽  
Prof. Siti Khalidah
Keyword(s):  
Poverty Alleviation ◽  
Moderating Effect ◽  
Moderation Effect ◽  
Affected Area ◽  
Quantitative Results ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship ◽  
Living Area

This article highlights the moderating effect of living areas of the borrowers on the impact of microfinance programs on poverty alleviation. The study has utilized the data from 497 borrowers of Samurdhi microfinance in five disaster-affected districts in the country to examines that two different living areas (disaster-affected and non-disaster affected area) of borrowers moderate the relationship between microfinance services and poverty alleviation. The Multi- Group CFA analysis was performed to identify the moderating effect using AMOS 21. Quantitative results were finding revealed that the moderation tests were significant for all the three microfinance services on poverty alleviation. The effect of microfinance services of borrowers in the disaster-affected area higher than the borrowers in non-disaster area.

scholarly journals Analyzing the Role of Islamic Finance in Kuwait Regarding Sustainable Economic Development in COVID-19 Era

2022 ◽  
Vol 14 (2) ◽  
pp. 701
Author(s):  
Salah Alhammadi
Keyword(s):  
Economic Development ◽  
Best Practices ◽  
Management Strategies ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Sustainable Economic Development ◽  
Grounded Theory Method ◽  
The Impact

The aim of the present study was first to consider the impact of COVID-19 on Kuwait’s economy. Second, it attempted to examine the role of Islamic banking and finance in achieving socioeconomic justice and attaining best practices by securing social goods. Hence, the research assessed how Islamic banking and finance can help in reconstructing the economy based on Maqasid Al-Shari’ah (higher ethical objectives) to redevelop social, economic, and environmental welfare, especially in the COVID-19 era. A theoretical approach was adopted, namely, the grounded theory method (GTM), to explore COVID-19 related solutions for achieving sustainable economic development. The findings show that Islamic banking and finance can be employed to mitigate the impact of coronavirus and can be used as an alternative financial system to support both affected people and entrepreneurs. The paper expands on previous literature discussing the role of Islamic finance in management strategies through Islamic ethical objectives, with a particular focus on Kuwait’s post-COVID-19 era. This research can help policymakers to develop mechanisms and supporting approaches for Kuwait’s economy.

Rethinking Microfinance in a Dual Financial System: An Agent-based Simulation

2018 ◽  
Vol 65 (1) ◽  
pp. 13-29
Author(s):  
Sara Bourhime ◽  
Mohamed Tkiouat
Keyword(s):  
Poverty Alleviation ◽  
Agent Based Modeling ◽  
Islamic Finance ◽  
Microfinance Institutions ◽  
Complex Environment ◽  
Agent Based ◽  
The Real ◽  
New Methods ◽  
The Impact ◽  
Real Challenge

Abstract Critics concerning the real impact of traditional microfinance as a tool for poverty alleviation are becoming frequent. In contrast, the financial crisis brought out interest for Islamic finance, whose models have been increasingly studied. Today, the real challenge lies in evaluating the impact of microfinance in a complex environment, where both Islamic and conventional microfinance institutions exist and address evolving clients in constant interaction. New methods and models are therefore needed in order to test the efficacy and assess the impact of introducing Islamic microfinance products, compared to the conventional system. In this context, this paper proposes an approach to build an Agent-Based Modeling (ABM) framework, which is aiming to test the effects of such products implementation using Islamic interest-free group loans. It also helps assess the impact of the behavioral biases as well as agents’ interactions within the repayment process.

scholarly journals A mathematical/physics model to measure the role of information and communication technology in some economies: the Chinese case

Open Physics ◽  
2017 ◽  
Vol 15 (1) ◽  
pp. 18-26 ◽  
Author(s):  
Xuchen Lin ◽  
Ting-Jie Lu ◽  
Xia Chen
Keyword(s):  
Information And Communication Technology ◽  
Communication Technology ◽  
Manufacturing Sector ◽  
Sustainable Growth ◽  
Total Output ◽  
Linkage Effect ◽  
Information And Communication ◽  
Ict Service ◽  
The Impact

AbstractSince the Reform and Opening-up in 1978, China has experienced a huge sustainable growth of gross domestic product (GDP) and an incredible development in Information and Communication Technology (ICT). This study aims to utilize an input-output (I-O) approach to explore the role of ICT in Chinese national economy. Specifically, we employ a static I-O framework, and analyze three topics in its application: the inter-industry linkage effect, the production inducing effect, and the supply shortage effect. We pay particular attention to the ICT manufacturing sector and ICT service-providing sector by taking the sectors as exogenous and investigating their economic impacts, respectively. The results suggest that (1) the ICT manufacturing sector has a high backward linkage effect, an intermediate forward linkage effect, a relatively low production inducing effect, and a low supply shortage effect, it suggests that ICT manufacturing sector has a powerful capacity for pulling the production activities of the whole economy. (2) The inter-industry linkage effect and supply shortage effect of ICT service-providing is low, but the production inducing effect of ICT service-providing is high, which suggests that the impact of an increase in ICT service-providing investment on the total output of all other sectors is large.

Reflecting Inward and Looking Outward

2013 ◽  
Vol 2 (2) ◽  
pp. 115-146
Author(s):  
E. Eugene Clark
Keyword(s):  
Corporate Governance ◽  
Growth And Development ◽  
Sustainable Growth ◽  
Evidence Based ◽  
Future Trends ◽  
Research And Practice ◽  
Institutional Frameworks ◽  
Impact Of Technology ◽  
The Impact

This article surveys future trends impacting corporate governance research and practice. These trends, which will impact all countries, but to varying degrees, include a movement towards unifying the diverse theories, models and language deployed in corporate governance research so that we can have a sounder epistemological base from which to advance our knowledge. Also discussed are the impact of technology on corporate governance research; the move to more inclusive and interdisciplinary models; a greater emphasis on Asian models of corporate governance; the impact of soft law; continued emphasis on the role of corporate governance in achieving sustainable growth and development; corporate governance within the context of new forms of capitalism and new institutional frameworks; a greater focus on comparative law and transnational models; and finally, an increased demand for evidence- based outcomes.

scholarly journals The Role of Development Aid in Agriculture in the Common Market for Eastern and Southern Africa: A Panel Vector Autoregression Analysis

2020 ◽  
Vol 12 (10) ◽  
pp. 28
Author(s):  
Grace Gondwe ◽  
Josue Mbonigaba
Keyword(s):  
Foreign Aid ◽  
Southern Africa ◽  
Development Aid ◽  
Aid Effectiveness ◽  
Common Market ◽  
The Common ◽  
Eastern And Southern Africa ◽  
The Impact ◽  
Panel Vector Autoregression

This paper assessed the impact of foreign aid on agricultural productivity and growth in the Common Market for Eastern and Southern Africa (COMESA), using panel vector autoregressive methods. The results show a significant unidirectional causality from agricultural growth to foreign aid and thus confirming the theoretical dispositions of the developmental role of foreign aid. However, instead of complementing domestic resources in this regard, the results showed that foreign aid in the sector substitutes government financing, which effectively reduces its effectiveness. A mismatch in government resources and aid allocations to a sub-sector erodes the synergy that should typically exist between donor aid and government expenditure in a sector. A policy shift towards Result-Based (Aid on Delivery) approaches in aid disbursements will be critical to eliminating fungible resources. Misalignment of aid allocations that are inconsistent with the relative importance of subsectors in the sectoral development goals further undermines the potency of aid. A better understanding of the contribution of the various sub-sectors to the overall growth of the agriculture sector will be crucial for equitable resource allocation and enhanced aid effectiveness. Moreover, the higher impact of domestic resources compared to foreign aid calls for policies to increase domestic resource mobilization and a broader focus on reducing aid dependency.

scholarly journals Legal Aspects Of Cooperation Of The Republic Of Uzbekistan Within The Islamic Development Bank

2021 ◽  
Vol 03 (02) ◽  
pp. 131-138
Author(s):  
Mahinnora Nurullaevna Mirkhamidova ◽  
Keyword(s):  
Financial Institution ◽  
Science And Technology ◽  
Legal Aspects ◽  
Financial Resources ◽  
Islamic Finance ◽  
Development Bank ◽  
Investment Opportunities ◽  
The Republic ◽  
Cis Countries

This article describes the role of the Islamic Development Bank in today’s international community and the basic aims of this organization. The article also discusses the problems of cooperation between Uzbekistan and the IDB, and also proposes legal solutions for a wider use of the investment opportunities of this financial institution. This is evidenced by a number of laws adopted in Kazakhstan on Islamic finance among the CIS countries. The article examines the research of theorists and practitioners on the benefits of using IDB financial resources. The practical results of the initiatives of the President of Uzbekistan Sh. Mirziyoyev in the framework of cooperation between Uzbekistan and the IDB are presented. In the conclusion part of the article, the author offers proposals for cooperation in the field of science and technology in the framework of IDB programs.

scholarly journals Impact of Micro Hydropower Projects on Household Income, Expenditure and Diversification of Livelihood Strategies in Azad Jammu and Kashmir

2019 ◽  
Vol 58 (1) ◽  
pp. 45-63
Author(s):  
Mahwish Siraj ◽  
Humayun Khan
Keyword(s):  
Household Income ◽  
Poverty Alleviation ◽  
Logistic Model ◽  
Livelihood Strategies ◽  
Control Variables ◽  
Jammu And Kashmir ◽  
Multinomial Logistic Model ◽  
Northern Areas ◽  
The Impact

The study examines the impact of Micro Hydropower (MHP) projects on households’ income, consumption and diversification of livelihood strategies in District Hattian Bala, Azad Jammu and Kashmir. A multinomial logistic model is used to investigate the possible role of MHP and other control variables on households’ adoption of livelihood strategies. The Results show that MHP-micro hydropower has a positive significant effect on household’s adoption of non-farm and diversified livelihood strategies. These findings suggest that MHP projects in Northern areas of Pakistan could help in improving household’s income and consumption through adoption of high income livelihood strategies. Keywords: Micro Hydropower (MHP), Livelihood Strategies, Income and Expenditures, Poverty Alleviation, Multinomial Logistic Model

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