Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review
The goal of this study is to evaluate how financial inclusion reduces poverty. The paper first examines how financial inclusion reduces poverty. The research article then compares Islamic and mainstream financial inclusion. Thirdly, the study examines global Islamic financial inclusion components.Islamic finance alleviates poverty and promotes economic growth, environmental sustainability, and social responsibility. The restriction on riba, profit-and-loss sharing, asset-backed lending, ethical investment, zakat and sadqah, and financial education, which are crucial to Islamic financial inclusion, creates these effects. Islamic finance encourages ethical investing, socially responsible business practices, charity, and social welfare. All these behaviours encourage social responsibility. The Islamic Research and Training Institute, International Institute of Islamic Banking and Financing, and UNDP say Islamic financing promotes society.These effects make Islamic financial inclusion a more just and equitable society.
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Islamic Financial Inclusion, Social Actions, Islamic finance, SLR
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(1) Muhammad Musa
PhD Candidate, International Institute Of Islamic Banking and Finance, International Islamic University, Kuala Lumpur, Malaysia.
(2) Hassan Shakeel Shah
Associate Professor, Department of Islamic Thought and Civilization, University of Management and Technology, Lahore, Punjab, Pakistan.
(3) Kifayat Ullah Khan
MS Finance, Gomal University, Dera Ismail Khan, KP, Pakistan.
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Cite this article
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APA : Musa, M., Shah, H. S., & Khan, K. U. (2023). Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review. Global Economics Review, VIII(II), 230-238 . https://doi.org/10.31703/ger.2023(VIII-II).17
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CHICAGO : Musa, Muhammad, Hassan Shakeel Shah, and Kifayat Ullah Khan. 2023. "Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review." Global Economics Review, VIII (II): 230-238 doi: 10.31703/ger.2023(VIII-II).17
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HARVARD : MUSA, M., SHAH, H. S. & KHAN, K. U. 2023. Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review. Global Economics Review, VIII, 230-238 .
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MHRA : Musa, Muhammad, Hassan Shakeel Shah, and Kifayat Ullah Khan. 2023. "Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review." Global Economics Review, VIII: 230-238
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MLA : Musa, Muhammad, Hassan Shakeel Shah, and Kifayat Ullah Khan. "Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review." Global Economics Review, VIII.II (2023): 230-238 Print.
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OXFORD : Musa, Muhammad, Shah, Hassan Shakeel, and Khan, Kifayat Ullah (2023), "Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review", Global Economics Review, VIII (II), 230-238
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TURABIAN : Musa, Muhammad, Hassan Shakeel Shah, and Kifayat Ullah Khan. "Poverty Alleviation through the Islamic Finance Inclusion: Systematic Literature Review." Global Economics Review VIII, no. II (2023): 230-238 . https://doi.org/10.31703/ger.2023(VIII-II).17