The most essential element for any Government is to become a welfare state and the constitution of Pakistan gives great importance to promote the social welfare projects in order to alleviate the poverty. The article 37 and 38 of constitution 1973, is the mother source of socio-economic and...

Major challenges of Islamic Microfinance institutions (IMFIs) are sustainability, funds constriction, high operating cost, low market penetration and their effectiveness for poverty alleviation. Islamic microfinance with only 7% share in the total microfinance industry in Pakistan, is facing...

Pakistan with 98 % Muslim population, is considered to be the most suitable and dynamic market for Islamic microfinance. People are more interested in Shahria based financing but IMF still capture only 0.5 % of the market. Due to world trend towards Islamic banking, State Bank of Pakistan (SBP)...

From last three decades, conventional microfinance has expanded its operations all over the country whereas, Shari’ah compliant microfinance institutions are lagging behind. Multiple type of challenges are being faced by this sector which include but not limited to lack of capital and funding,...

The epidemic of COVID-19 has been emerging as a threat not only to a global health system and draining of economic resources but it is also contributing to increase the level of poverty with a fear and chaos that prevent us from making the right decision at right time. The COVID-19 has...

After 2008 world economic crises, banks and other financial institutes move towards Islamic financing not only in Muslims countries but also in non-Muslim countries of the world. In view of this, some micro financial institutions also introduce Islamic micro financing products in Pakistan. The...