Islamic Finance and Endogenous Development: Two Concepts for Integrated Development in Africa
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https://doi.org/10.5281/zenodo.12587048Keywords:
Endogenous Development, Islamic Finance, Social Development, Poverty, PopulationAbstract
Endogenous development and Islamic finance are two concepts that place people at the heart of development. It is by starting from the grassroots (local level) that development can be well structured and implemented. Local populations have difficulty finding a financing system adapted to their reality. Finance provides an inclusive and sustainable solution to this reality. By taking into account the principles of endogenous development in its entirety, Islamic finance is in a better position to respond to this demand for better consideration of the development system at local level. In other words, Islamic finance and endogenous development are two concepts that can coexist to reduce poverty in developing and poor countries. The aim of this study is to show how the two concepts complement each other, and how Islamic finance can contribute to financing endogenous development in African countries.
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