Can Islamic banking and finance spur financial inclusion? Evidence from Sub-Saharan Africa

Artikel

This study examined the effect of introduction of Islamic banking and finance on financial inclusion in Sub-Sahara Africa (SSA). To achieve this objective, the study applied Probit, Tobit and Juhn-Murphy-Pierce decomposition to estimate model of financial inclusion. The study used World Bank's Global Financial inclusion index (Global Findex) dataset of 2015. The findings revealed that the introduction of Islamic banking and finance system in some Organization of Islamic Cooperation (OIC) countries in SSA enhanced financial inclusion in the sub-region. The study also uncovers that households from OIC with Islamic banking and finance are more likely to be financially included than their counterparts in OIC countries without Islamic banking and finance. Further, there are other factors that play an important role in determining the probability of financial inclusion in the region. Inter alia, these factors include age, gender, income level and level of education. The policy implication of the findings is that introducing Islamic banking and finance is necessary for spurring financial inclusion in OIC of SSA.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: CBN Journal of Applied Statistics ; ISSN: 2476-8472 ; Volume: 09 ; Year: 2018 ; Issue: 1 ; Pages: 77-104 ; Abuja: The Central Bank of Nigeria

Klassifikation und Themen

• Klassifikation: Wirtschaft ; General Financial Markets: General (includes Measurement and Data) ; Financial Institutions and Services: General ; Cultural Economics: Religion ; Semiparametric and Nonparametric Methods: General ; Economywide Country Studies: Africa ; Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
• Thema: Financial inclusion ; Islamic banking ; Juhn-Murphy-pierce ; OIC ; Sub-Saharan Africa ; Tobit

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Abdu, Musa ; Jibir, Adamu ; Abdullahi, Salihu ; Rabi'u, Aliyu A.
• Ereignis: Veröffentlichung
• (wer): The Central Bank of Nigeria
• (wo): Abuja
• (wann): 2018

Weitere Informationen

• Handle: http://hdl.handle.net/10419/191712
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ