Financial inclusion, poverty and shared prosperity in sub-Saharan African countries

• Main Authors: Maouloud, Vatimetou Mokhtar, Kassim, Salina, Othman, Anwar Hasan Abdullah
• 格式: Article
• 語言: English
• 出版: IJSSER 2019
• 主題: HG3368 Islamic Banking and Finance
• 在線閱讀: http://irep.iium.edu.my/78380/1/78380%20-%20Financial%20inclusion%2C%20poverty%20and%20shared%20prosperity%20in%20sub-Saharan%20African%20countries.pdf; http://irep.iium.edu.my/78380/; http://ijsser.org/more2019.php?id=549

This article attempts to determine the role of financial inclusion in promoting shared prosperity in some selected Sub-Saharan African (SSA) countries. This paper will also clarify the role of Islamic microfinance institutions to reduce inequality by promoting financial inclusion. Even though various strategies have been adopted by different governments in SSA to alleviate poverty and income inequality, these problems are persisting and even increasing. This paper is a conceptual research; thus, the methodology will not be discussed. This research suggests that financial inclusion through Islamic microfinance is an effective solution to improve shared prosperity and alleviate poverty in these countries. Therefore, governments should adopt strategies to enhance and ease access to finance among poor and vulnerable population.