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Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
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Monday, October 2 • 1:30pm - Saturday, October 28 • 2:30pm
H4b Financial Inclusion and Economic Development in OIC Member Countries

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We study whether the presence of Islamic finance promotes development and alleviates poverty. Using data from the World Bank, we use dynamic panel analysis and cross-sectional analysis to study the effects of financial inclusion on economic development and poverty alleviation. We find that the countries with Islamic finance tend to outperform the rest of the world. We believe that the ability of financial institutions offering Shari’a compliant services to bring otherwise excluded people under the financial system plays a major role in increased development and reduced poverty in those countries, supporting our view that financial inclusion increases development.

Author(s): Shadiya Hossain, Hasib Ahmed, M. Kabir Hassan


Shadiya Hossain

University of New Orleans

Monday October 2, 2017 1:30pm - Saturday October 28, 2017 2:30pm

Attendees (1)