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Islamic Finance Highlights

Mahmood, J., Hassan, M. K., & Muneeza, A. (2022). The transformative power of zakat (alms) in a humanitarian crisis: a case study from Kenya. In M. K. Hassan, A. Muneeza, & K. N. M. Sonko (Eds.), Islamic finance in Africa: the prospects for sustainable development (pp. 307-318). Edward Elgar Publishing Limited.

“By using these funds, the plan is to embark in a similar project to assist a neighbouring county, Garissa, enduring a parallel kind of destitution. Therefore, via this project the zakat receivers of Kitui has been transformed into zakat payers reflecting the power of zakat in attaining financial self-sufficiency…”

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Featured Database

"By country, Malaysia is the runaway leader thanks to high scores, hovering around 100, across all indicators. Malaysia’s biggest Islamic finance ecosystem strengths are Awareness, Knowledge and Sustainability. Saudi Arabia, another all-rounder, follows closely after Malaysia. Indonesia’s very strong performance in Knowledge and good scores for Governance secure it the third highest rank. The Gulf Cooperation Council (GCC) countries ex-Saudi Arabia, Pakistan and Bangladesh occupy the remaining top ten spots."

ICD. (November 22, 2022). Islamic Finance Development Indicator value score of leading Islamic finance markets worldwide in 2022 [Graph]. In Statista. Retrieved March 16, 2023, from https://www.statista.com/statistics/1090847/worldwide-ifdi-value-score-of-leading-islamic-finance-markets/

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