Islamic Research and Training Institute, Islamic Development Bank

Using the data from Pakistan Panel Household Survey (2010), this paper assesses the role of financial inclusion in reducing social exclusion. The findings from regression analysis confirm a statistically significant negative impact of financial inclusion on social exclusion including deep [multidimensional] social exclusion. Deep exclusion for population having financial inclusion drops to 34.8% from 81% otherwise. Most importantly, none of the women was found having deep social exclusion if she has access to financial services.

The book comprises of a collection of papers discussing major theoretical and practical issues concerning Shari‘a-compliant MME (Micro and Medium scale Enterprise) finance. The problems facing development of MMEs include a lack of access to credit, inadequate collateral, insufficient legal status, high transaction costs, and the sensitivity of

Islamic Research and Training Institute (IRTI) provides help to member countries, on their request, in any matter relating to the application of Shari’ah in their economies. It was in this context that IRTI responded positively when it received a request from the Government of Indonesia to organize a seminar on “Financial Institutions according to Shari’ah” for the officials of their Ministry of Finance, central and commercial banks, and other interested parties.

Financial architecture refers to a broad set of financial infrastructures that are needed for establishing and sustaining sound financial institutions and markets. These include an effective supervisory system, credible standards of best practices in risk management, internal control systems, disclosures and corporate governance.

This study is on equity funds and addresses a central question that: can equity funds be operated on Islamic principles?

We introduce for Islamic economics a framework and a research tool. The framework is complexity theory, and the tool is agent-based simulation. This surveys this rapidly growing field, and how this alternative framework relates to the Neoclassical paradigm. The alternative framework and research technique might be more suitable to Islamic economics than their conventional counterparts.

Human resources mobilization is one of the key economic issues facing contemporary Muslim economies. Labour force participation in most of the