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IMF and Islamic finance

Alfred Kammer, et al., "Islamic Finance: Opportunities, Challenges, and Policy Options ", SDN/15/05 April 2015. Islamic finance has the potential for further contributions in at least three dimensions. First, it promises to foster greater financial inclusion, especially of large underserved Muslim populations. Second, its emphasis on asset-backed financing and risk-sharing feature means that it could provide support for small and medium–sized enterprises (SME), as well as investment in public infrastructure. Finally, its risk-sharing features and prohibition of speculation suggest that Islamic finance may, in principle, pose less systemic risk than conventional finance.


Piero della Francesca, ‘La città ideale’, Italy XVI century