22 April 2024

Islamic Finance and Financial Inclusion: AFI Members’ Perspectives

The Islamic Development Bank estimates that around 9% of the population in 35 selected Muslim-majority countries voluntarily exclude themselves from the formal financial sector due to religious considerations.

In this context, Islamic finance has emerged as a potential tool for promoting financial inclusion, offering alternative financial management mechanisms rooted in Islamic principles.

This report highlights initiatives and promotes collaboration to further advance financial inclusion through Islamic finance.


© Alliance for Financial Inclusion 2009-2024