Islamic non-bank financial institutions play a facilitative role in the Islamic society to ensure economic development by supporting the liquidity needs of the major agents in the economy.

Question

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Islamic non-bank financial institutions, such as Islamic microfinance institutions, investment funds, and insurance companies (Takaful), support economic development by providing financial services that comply with Islamic law. These services help meet the liquidity needs of businesses and individuals, facilitating investment, consumption, and risk management in a way that aligns with Islamic principles.

Islamic Non-Bank Financial Institutions Play a Facilitative Role in the Islamic