Faculty / School

Faculty of Business Administration (FBA)

Department

Department of Finance

Was this content written or created while at IBA?

Yes

Document Type

Conference Paper

Publication Date

11-4-2013

Author Affiliation

Dr. Ishrat Husain is Dean and Director at Institute of Business Administration, Karachi.

Conference Name

Asian Development Bank Conference

Conference Location

Manila

Conference Dates

November 4, 2013

First Page

1

Last Page

5

Keywords

Islamic Finance, Inclusive Growth, Financial Stability, Sukuk (Islamic Bonds)

Abstract / Description

The global financial crisis of 2008/09 has triggered a lot of soul searching, new thinking and revisionist analysis in search of an alternative paradigm under which the positive aspects of the international financial system can be preserved and promoted while the destabilizing and negative dimensions are averted, or at least their adverse impact is minimized .

It is in this larger context that I wish to explore the possibility of advancing Islamic finance as a possible alternative means of financial intermediation and a reliable instrument of promoting inclusive growth and reducing income inequalities in Asia and the world.

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