ALTERNATIVE FINANCIAL MARKET: THE IMPACT OF THE ACTIVITIES OF “ISLAMIC WINDOWS” ON THE FINANCIAL SECTOR OF COUNTRIES
Abstract
This article examines the impact of “Islamic windows” a key segment of the alternative finance market, on the financial sectors of various countries. The study explores the concept of “Islamic windows” their economic efficiency within traditional banks, their role in enhancing financial inclusion, and their capacity to meet market demand by offering services compliant with Sharia principles. The paper also analyzes the effect of this mechanism on banking sector stability and the attraction of foreign investments in developing countries. Combining empirical findings and theoretical approaches, the article highlights the prospects of “Islamic windows” in the global financial market.
Keywords:
alternative finance market Islamic windows traditional banks financial inclusion banking sector stability foreign investmentsReferences
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