THE ROLE OF ISLAMIC FINANCE IN THE GLOBAL ECONOMY
Keywords:
Islamic finance, sukuk, global economy, financial stability, Islamic banking, investment.Abstract
This article analyzes the role of Islamic finance in the global economy, its growth trends, and its impact on financial stability. It examines key instruments such as Sukuk, Islamic banking, and ethical investment mechanisms. The study also highlights current challenges and proposes solutions for further development.
References
1.Islamic Development Bank. (2023). Islamic Finance Development Report. Jeddah: IsDB Group.
2.International Monetary Fund. (2022). Islamic Finance and Financial Stability. Washington, DC: IMF.
3.World Bank. (2020). Global Report on Islamic Finance: Opportunities, Challenges, and Policy Options. Washington, DC.
4.Accounting and Auditing Organization for Islamic Financial Institutions. (2021). Shari’ah Standards. Manama: AAOIFI.
5.Islamic Financial Services Board. (2023). Islamic Financial Services Industry Stability Report. Kuala Lumpur: IFSB.
6.Standard Chartered. (2024). Global Islamic Finance Outlook 2024–2028. London.
7.Deloitte. (2022). Islamic Finance: Growth and Innovation Trends. Dubai.
8.Iqbal M., & Mirakhor A.. (2011). An Introduction to Islamic Finance: Theory and Practice. Singapore: Wiley.