The contribution of Islamic banking to economic development: the case of the Sudan (Ph.D. Thesis)

The author's goal is to assess the contribution of Islamic banking to the development of the Sudanese economy and the scrutiny they face given their past role in development financing. Questions have arisen about the banks' past roles in supporting trade finance and not promoting equity finance. The sentiment is that the contribution of Islamic banks to development finance is insignificant. This is so, according to the author, because of the attitude of the bank management, government policy makers, and the general complexities that exist in the Sudanese economy. The religious influence of Islam is key with regard to customer impetus and the high returns or greater access to credit are shown not to be the driving force, as might be found in West. Some time is devoted to a discussion of the smaller firms in the Sudan and the disadvantage they face in securing finance. The author concludes that these firms experience a financing gap because of the Sudanese banks' predilections tow