02286cas a2200349 a 4500 AALejournalIMF014638 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498348669 1018-5941 BD-DhAAL BD-DhAAL Gelbard, Enrique. Islamic Finance in Sub-Saharan Africa : Status and Prospects / Enrique Gelbard, Mumtaz Hussain, Rodolfo Maino, Yibin Mu. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant to the region, in particular the ability to foster SMEs and micro-credit activtities. As a first step, policy makers could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign investors. The entrance of full-fleged Islamic banks require addressing systemic issues, and adapting the crisis management and resolution frameworks. The IMF can play a role by sharing international experiences and providing advice on supervisory and regulatory frameworks as needed. Mode of access: Internet Bank Insolvency Law imf Banks Customer imf Finance Activity imf Infrastructure Financing Needs imf WP imf Malaysia imf Hussain, Mumtaz. Maino, Rodolfo. Mu, Yibin. IMF Working Papers; Working Paper ; No. 2014/149 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/149/001.2014.issue-149-en.xml IMF e-Library