期刊名称：The Journal of Sustainable Development in Africa (JSDA)
电子版ISSN：1520-5509
出版年度：2009
卷号：11
期号：3
出版社：Institute of Sustainable Development in Africa
摘要：This study was carried out to establish the relevance of Islamic finance in developing economies. It
strived to explore the background, issues and views of Islamic banking in relation to the financial system
or structure in Zimbabwe’s economy. The paper sought to assess the benefits of Islamic banking in
developing economies and, to establish how it will solve the of interest rate regime dilemma facing
Zimbabwe among other nations. Islamic finance would close the gap created by an ineffective interest
rate regime between the surplus (savers) and deficit (borrowers) units currently in the economy. It was
recommended that an Islamic financial system was not only theoretically viable, but had desirable
characteristics that rendered it superior to a debt-based conventional system in Zimbabwe. The paper
concluded that the crises we have been witnessing in the international system have set the stage for
Islamic finance to demonstrate its viability as potentially a genuine alternative global financial system.
