Islamic Microfinance: Challenges and Development

Islamic Microfinance Theory, Policy and Practice

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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 ...

Microfinance and Financial Development

Problems and Prospects of Introducing Islamic Microfinance in Azerbaijan Republic

The Indian Microfinance Experience – Accomplishments and Challenges

Microfinance is gathering momentum to become a major force in India. The self-help group (SHG) model with bank lending to groups of (often) poor women without collateral has become an accepted part of rural finance. The paper discusses the state of SHG-based microfinance in India. With traditionally loss-making rural banks shifting their portfolio away from the rural poor in the post-reform per...