Does Islamic microfinance serve maqāsid al-shari'a?

Islamic Microfinance: An Emerging Market Niche

Muslim-majority countries do not use formal financial services (Honohon 2007).1 Even when financial services are available, some people view conventional products as incompatible with the financial principles set forth in Islamic law. In recent years, some microfinance institutions (MFIs) have stepped in to service low-income Muslim clients who demand products consistent with Islamic financial ...

Islamic Microfinance Theory, Policy and Practice

exclusive property of Islamic Relief Worldwide. This material may be freely reproduced and otherwise utilised for non-commercial purposes if this publication is correctly and clearly identified as such. You may not alter, transform or build upon this work. No part of this material may be reproduced in any material form (including photocopying) for purposes other than non-commercial purposes wit...

Justice between Islamic Sharia and Liberal Law: Remarks on the Egyptian Context

Problems and Prospects of Introducing Islamic Microfinance in Azerbaijan Republic

Social and financial efficiency of Islamic microfinance institutions: A Data Envelopment Analysis application

Microfinance has been developed as alternative solution for global poverty alleviation effort in the last 30 years. Microfinance institution (MFI) has unique characteristic wherein they face double bottom line objectives of outreach to the poor and financial sustainability. This study proposes a two-stage analysis to measure Islamic Microfinance institutions (IMFIs) performance by comparing the...