Related items
Showing items related by title, author, creator and subject.
-
On the Sustainable Development Goals and the Role of Islamic FinanceThe Sustainable Development Goals, the
 global development agenda for 2015 through 2030, will
 require unprecedented mobilization of resources to support
 their implementation. Their predecessor, the Millennium
 Development Goals, focused on a limited number of concrete,
 global human development targets that can be monitored by
 statistically robust indicators. The Millennium Development
 Goals set the stage for global support of ambitious
 development goals behind which the world must rally. The
 Sustainable Development Goals bring forward the unfinished
 business of the Millennium Development Goals and go even
 further. Because of the transformative and sustainable
 nature of the new development agenda, all possible resources
 must be mobilized if the world is to succeed in meeting its
 targets. Thus, the potential for Islamic finance to play a
 role in supporting the Sustainable Development Goals is
 explored in this paper. Given the principles of Islamic
 finance that support socially inclusive and development
 promoting activities, the Islamic financial sector has the
 potential to contribute to the achievement of the
 Sustainable Development Goals. The paper examines the role
 of Islamic financial institutions, capital markets, and the
 social sector in promoting strong growth, enhanced financial
 inclusion, and intermediation, reducing risks and
 vulnerability of the poor and more broadly contributing to
 financial stability and development.
-
Getting Finance in South Asia 2009This report, getting finance in South
 Asia 2009, published annually by the unit, reaffirms the
 World Bank's commitment to working with developing
 member countries to promote financial sector development and
 create financial systems that are sound, stable, supportive
 of growth, and responsive to people's needs. This
 program has enabled the Bank to initiate a dialogue with the
 supervisory authorities in South Asia to improve their data
 collection efforts, which will in turn strengthen their
 off-site supervision work. It also provides the impetus for
 the Bank to expand its monitoring and evaluation work. The
 getting finance indicators, and the country rankings that
 are based on them, are expected to become an increasingly
 important reference tool for the Bank in monitoring and
 evaluating development objectives and outcomes in its
 financial sector operations. These indicators should also
 prove to be a valuable tool for financial sector supervisory
 agencies in South Asia. The updated indicators, country
 rankings, and benchmarks should better equip these agencies
 to monitor the health of their respective country's
 banking system and to assess its robustness and
 sustainability relative to others in South Asia and in more
 developed economies.
-
Financial Sector Assessment : MalaysiaMalaysia, as many of its Asian
 neighbors, experienced significant macro/financial distress
 in the late 1990s. The transformed and strengthened
 financial sector has been able to weather the recent global
 financial crisis well. Financial market intermediaries 
 reliance on cross-border and interbank funding remains
 limited. Banking institutions are well capitalized and are
 expected to be able to meet Basel three capital requirements
 comfortably by the 2019 implementation deadline. Asset
 quality has improved significantly over the last 5 years and
 banks are profitable, with low cost-to-income ratios
 compared to regional peers. The authorities have taken steps
 to monitor and mitigate the potential significant risks of
 recent rapid loan growth. The regulatory and supervisory
 regimes for banking, insurance and securities are well
 developed and exhibit a high degree of compliance with
 international standards. Government equity holdings in the
 financial sector, both direct and indirect, are extensive.
 Further development of the domestic Islamic financial system
 presents both opportunities and challenges.