ISLAMIC MICROFINANCE MUST BREAK DOWN BARRIERS TO ACHIEVE POTENTIAL
June 30th, 2022
The global Islamic microfinance market has room to grow significantly if it can overcome social and regulatory barriers that have so far curbed its expansion, say experts. Given microfinance is a poverty-alleviation mechanism that provides credit and other financial resources to poor and low-income households and small-and-medium-sized businesses, it fits well with the charitable traditions of Islam. As a result, Islamic microfinance systems have been developed that offer these services in a Sharia-compliant way.
But its growth is relatively nascent. According ...
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