Lifting the Lid on Financial Inclusion: Evidence from Emerging Economies

Tasawar Nawaz
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Tasawar Nawaz: Plymouth Business School, University of Plymouth, Drake Circus, Plymouth, Devon PL4 8AA, UK

IJFS, 2018, vol. 6, issue 2, 1-8

Abstract: Financial inclusion has become a subject of growing interest for academics, professionals, and policy-makers in recent times. Researchers stress the importance of financial inclusion and highlight the significant role of financial institutions, such as banks, in promoting financial inclusion. Therefore, it is imperative to analyse the role and commitment of banks in promoting financial inclusion, especially those financial institutions (i.e., Islamic banks) which came into existence to promote socio-economic justice through redistribution of wealth in society. The study is built on the argument that Islamic banking business model is based on intangible sources i.e., Shari’ah law and such sources are exploited to create value i.e., stability, profitability and financial inclusion. The empirical analysis support the hypothesis that Islamic banks utilize various tangible and non-tangible resources to promote financial inclusion. Hence, Islamic banks are serving as the ultimate source of financial inclusion in the society.

Keywords: financial inclusion; emerging economies; Bangladesh; Pakistan; intellectual capital; qard-al-hassanah; Islamic banking (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2018
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