Overview
- Touches on subjects related to international development economics, as well as Islamic finance
- Aims to bridge the gap between research and real-life experience
- Provides a comprehensive understanding of the merit of responsible financing for international development
Part of the book series: Palgrave Studies in Islamic Banking, Finance, and Economics (IBFE)
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Table of contents (7 chapters)
Keywords
About this book
This book is the product of an attempt to look differently at the issue of poverty, along with food security and affordable housing. There is a tendency in conventional economics and finance literature to be apologetic when dealing with globally prevailing and unfair economic and financial systems. Islamic economics and finance academia is not immune from this tendency. The book aims to raise awareness about the root causes and suggests novel proposals that will lead to sustainable solutions. It is based on the understanding that if we continue doing more of the same things, we cannot expect to produce different results.
This book is also premised on the understanding that the financial sector can promote economic progress only if it channels capital to the most productive use while avoiding moral hazard and adverse selection. The issue of collateral taking promotes a situation where financial institutions prefer to lend only too big-to-fail structures for shelter and food sectors that fuel poverty and inequality. This adverse selection ultimately gives rise to food security and affordable housing issues. This indicates that financial liberalization is not the solution to dealing with poverty and inequality. Instead, strong policy initiatives and financial regulations to direct capital to provide long-term sustainability are needed.
Authors and Affiliations
About the author
Ahmet Suayb Gundogdu is Senior Professional at the Islamic Development Bank, where he has been employed since 2008. He holds a Ph.D. in Islamic Finance from Durham University (UK). He is Co-author, along with Amadou Thierno Diallo, of Sustainable Development and Infrastructure: An Islamic Finance Perspective, published by Palgrave Macmillan in 2021.
Bibliographic Information
Book Title: Food Security, Affordable Housing, and Poverty
Book Subtitle: An Islamic Finance Perspective
Authors: Ahmet Suayb Gundogdu
Series Title: Palgrave Studies in Islamic Banking, Finance, and Economics
DOI: https://doi.org/10.1007/978-3-031-27689-7
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-27688-0Published: 16 March 2023
Softcover ISBN: 978-3-031-27691-0Published: 17 March 2024
eBook ISBN: 978-3-031-27689-7Published: 15 March 2023
Series ISSN: 2662-5121
Series E-ISSN: 2662-513X
Edition Number: 1
Number of Pages: XX, 190
Number of Illustrations: 21 b/w illustrations, 21 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Development Economics, Islam