les cahiers du mecas
Volume 20, Numéro 2, Pages 146-159
2024-12-14

Financial Dualism Between Islamic And Conventional Finance Complementarity And Contribution Sustainable And Inclusive Financing



Authors : Benyamina Nesrine .

Abstract

This article examines the financial dualism between Islamic finance and conventional finance, highlighting their potential complementarity. It highlights how the two systems can work together to promote sustainable financing, foster financial inclusion and manage inflation. By integrating practices that are out of the formal landscape such as Zakat and Wakf, informal funds can be channelled into productive and sustainable investments. This synergy could also help reduce economic inequality. Therefore, it becomes possible to create a more inclusive financial framework that is able to respond to contemporary challenges such as climate change and economic crises. In this way, it could not only strengthen economic stability but also promote equitable and sustainable social development. Cet article examine le dualisme financier entre la finance islamique et la finance conventionnelle, en soulignant leur complémentarité potentielle. Il met en avant comment ces deux systèmes peuvent collaborer pour promouvoir le financement durable, favoriser l'inclusion financière, et gérer l'inflation. En intégrant des pratiques écartées du paysage formel telles que la Zakat et Wakf, il est possible de canaliser des fonds informels vers des investissements productifs et durables. Cette synergie pourrait également contribuer à réduire les inégalités économiques. Par conséquent, il devient envisageable de créer un cadre financier plus inclusif, capable de répondre aux défis contemporains tels que le changement climatique et les crises économiques. Ainsi, il pourrait non seulement renforcer la stabilité économique, mais aussi promouvoir un développement social équitable et durable.

Keywords

Islamic finance ; financial dualism ; sustainable finance ; financial inclusion ; informal economy

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