Interest free banking in Ethiopia: Prospects and challenges

Basit Öğe Kaydı
dc.authorid0000-0003-3270-1357
dc.authorid0000-0001-6762-4887
dc.contributor.authorHailu, Suadiq Mehammed
dc.contributor.authorBushera, İbrahim
dc.date.accessioned2025-02-25T15:11:31Z
dc.date.available2025-02-25T15:11:31Z
dc.date.issued2020
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İşletme Ana Bilim Dalı
dc.description.abstractEthiopia has a substantial number of Muslims estimated more than 38 million. Ethiopia accommodated Islamic finance in its financial system through interest-free banking window in 2011 and Full-fledged interest-free banking by the end of 2019. This study aims to investigate the prospects and challenges of the newly adopted full-fledged interest-free banking system. For these purposes, several secondary data collected and analyzed descriptively. The result indicates that Islamic finance has a notable opportunity in Ethiopia. Unbanked huge customers, lofty demand, the profitability of IFB windows and the ability of under formation full-fledged interest-free banks to collect the minimum paid-up capital easily indicate the prospects. While negative perception toward Islamic finance, legal framework challenges like the exclusiveness of banking business activity, limitation on investment of banks, tax system and unavailability of controlling mechanism last but not least lack of experts and skilled resource are identified as the main impediments of the sector. Therefore, it is recommended to the government of Ethiopia to make accommodative adjustments on the legal frameworks to resolve the shortcomings and for educational institutions to provide programs, seminars, and training in the area of Islamic finance in order to produce experts that serve the sector.
dc.identifier.citationHaılu, S. M. & Bushera, İ. (2020). Interest free banking in Ethiopia: Prospects and challenges. International Journal of Islamic Economics and Finance Studies, 6(2), 119-137. https://www.doi.org/10.25272/ijisef.678972
dc.identifier.doi10.25272/ijisef.678972
dc.identifier.endpage137
dc.identifier.issn2149-8393
dc.identifier.issn2149-8407
dc.identifier.issue2
dc.identifier.startpage119
dc.identifier.urihttps://www.doi.org/10.25272/ijisef.678972
dc.identifier.urihttps://hdl.handle.net/20.500.12154/3219
dc.identifier.volume6
dc.institutionauthorBushera, İbrahim
dc.institutionauthorid0000-0001-6762-4887
dc.language.isoen
dc.publisherPolitik Ekonomik ve Sosyal Araştırmalar Merkezi
dc.relation.ispartofInternational Journal of Islamic Economics and Finance Studies
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Öğrenci
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectEthiopia
dc.subjectIslamic Finance
dc.subjectInterest-Free Window
dc.subjectFull-Fledged
dc.subjectLegal Framework
dc.titleInterest free banking in Ethiopia: Prospects and challenges
dc.typeArticle
dspace.entity.typePublication

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