Potential Challenges for Development Institutions in Engaging with Islamic Finance Stakeholders

Along with the opportunities for development institutions in working with Islamic finance stakeholders in pursuit of the common and overlapping objectives, there are also challenges which may arise. Faith neutrality. Faith-based partners, whether they are in the Islamic finance space or elsewhere, might not operate by the same principle of faith neutrality as multilateral development institutions. Overhead and administrative expenses. Faith-based partners might not be able or willing to pay for overhead and administrative expenses. Communication and language in religious nature. A faith-based partner could propose language in a joint statement, in a press release, or in a report that might be religious in nature.

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