Overcoming the Invisible Ceiling for the Empowerment of Refugees and Immigrants Through Islamic Finance

Asutay, Mehmet; Avdukic, Alija; Tobin, Sarah A.

Abstract

The 21st century has been marked by continuous political, economic and financial crises on a global, regional and national scale, leading to an unprecedented movement of people in the form of refugees and immigrants. The global refugee crisis has reached unprecedented levels, with millions of people displaced due to conflicts, persecution and natural disasters. Access to adequate finance is critical for refugees, as it significantly impacts their ability to improve their living conditions, access essential services such as education and health care, and create economic opportunities for themselves and their communities. However, refugees often face substantial barriers to accessing financial services, including a lack of appropriate financial products, restrictive regulations and limited awareness among financial institutions about their specific needs. Considering the Shari’ah compliant requirement of financial transactions, Muslim refugees are particularly face enormous challenges in this regard.

Citation

Asutay, M., Avdukic, A., & Tobin, S. A. (2025). Overcoming the Invisible Ceiling for the Empowerment of Refugees and Immigrants Through Islamic Finance. Global Policy, 16(S1), 5-6. https://doi.org/10.1111/1758-5899.13486

• Journal Article Type: Article
• Acceptance Date: Nov 26, 2024
• Online Publication Date: Feb 11, 2025
• Publication Date: 2025-01
• Deposit Date: Feb 18, 2025
• Publicly Available Date: Feb 18, 2025
• Journal: Global Policy
• Print ISSN: 1758-5880
• Electronic ISSN: 1758-5899
• Publisher: Durham University
• Peer Reviewed: Peer Reviewed
• Volume: 16
• Issue: S1
• Pages: 5-6
• DOI: https://doi.org/10.1111/1758-5899.13486
• Keywords: Islamic finance, financial inclusion, emancipation and empowerment, refugees and immigrants
• Public URL: https://durham-repository.worktribe.com/output/3487607