microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant …

Microfinance schemes have been operational since the 1960s, however, they mostly involve conventional finance, whereas … microfinance can be provided on a shar¥cah compliant basis and what instruments and structures could be used. The implication of … this paper is that shar¥cah compliant microfinance is best provided by non-banking institutions, which in the case of the …