(ISHRAT HUSAIN) Most of the attention on Islamic finance has so far been focused on the regulatory framework, products and services offered, comparability with conventional finance, risk management characteristics, Shariah compliance, and expansion and penetration issues. Very little work has been done to explore the unique features of Islamic finance for the larger good of the society particul...

This part of the book focuses on economic growth, in particular on policies that create an environment that enables income growth for the poorest— that is, “growth+.” The ultra poor face new challenges—including economic recession and volatility—that affect strategies to enhance their assets and income. Global macroeconomic trends affect poor countries’ ability to facilitate pro-poor growth and...