Financial Sector as a Backbone of Economic Growth: The Banking Sector

Muhammad Al Bashir Muhammad Al Amine
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Muhammad Al Bashir Muhammad Al Amine: Bank Alkhair

Chapter Chapter 5 in Islamic Finance and Africa's Economic Resurgence, 2016, pp 163-195 from Palgrave Macmillan

Abstract: Abstract After spending decades at the periphery of the mainstream global financial system, Africa is now becoming one of the world’s fastest growing emerging markets and an increasingly popular investment destination. There are clear reasons for this reassessment, as illustrated in the previous chapter. African economies are expanding on the back of increasing commodity prices, trade, and foreign investment, while increasing consumer affluence is helping to drive the demand for goods and services.

Keywords: Financial Service; Banking Sector; Foreign Bank; Retail Banking; Mobile Banking (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-3-319-28835-2_5

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DOI: 10.1007/978-3-319-28835-2_5

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