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Titlebook: Islamic Finance and Africa‘s Economic Resurgence; Promoting Diverse an Muhammad Al Bashir Muhammad Al Amine Book 2016 The Editor(s) (if app

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Islamic Finance: Principles and Global Growth,erest), the prohibition of . (excessive risk or ambiguity), the prohibition of financing or trading products of illicit sectors in Sharī’ah (such as drugs, alcohol, and pork), the preference of the profit and loss-sharing principle over debt-based products, and the principle that all transactions ha
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,Africa’s Economic Growth: Indicators and Investment Opportunities,y will grow at an average annual rate of 7 % over the next 20 years—slightly faster than China. Few people know that from 2000 to 2010, the fastest growing country in the world was Angola, with far stronger growth than China. . noted that over the 10 years from 2000 to 2010, six of the world’s ten f
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Financial Sector as a Backbone of Economic Growth: ,,markets and an increasingly popular investment destination. There are clear reasons for this reassessment, as illustrated in the previous chapter. African economies are expanding on the back of increasing commodity prices, trade, and foreign investment, while increasing consumer affluence is helping
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Financial Sector as the Backbone of Economic Growth: ,, the lion’s share of media and investor attention, Africa has received little notice for its recent run of solid economic performance. This is despite the fact that the continent is filled with resources to help fuel many of the booming economies that investors are clamouring for. Traditionally, Afr
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The Rise of Global Interest in Africa, strong economic performance, abundance of resources, and better governance. Undeniably, resources have played an important role in this shift, but Africa is also becoming increasingly economically diverse. This is clearly reflected in an expanding consumer base that is fuelling growth in other sect
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Islamic Finance in Africa: Challenges Ahead,economic growth; thus, any investment—whether Islamic or otherwise—is attracted by economic realities on the ground. The second type of challenges is related to the outstanding issues in Islamic finance itself and that would continue to be present in the African context as well. The last category wi
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Conclusion,. These are the exceptional growth of the Islamic finance industry over the last decades as one of the fastest growing segments of international finance, based on its distinguishing characteristics and principles, on the one hand, and the remarkable successes and unprecedented growth of many African
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