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Interest-free banking has been expanding its operation in many countries. On the other hand, micro-credit has been increasingly becoming effective in different parts of the world. In the mean time, interest-free banks have started rendering micro-credit to the rural-based micro entrepreneurs in...
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This paper contributes to the Islamic studies literature, by exploring why many Islamic scholars believe that Islam bans conventional lending and mandates Islamic finance, and how the scriptural injunction against ribā is redefined when we consider the features of modern economic systems. The...
Persistent link: https://www.econbiz.de/10012936780
The development of services in Islamic microfinance institutions (BMT) is currently accompanied by the development of …
Persistent link: https://www.econbiz.de/10012824945
The microfinance industry in India, one of the largest in the world, has played a critical role in India's financial …
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microfinance institutions have been greatly criticised for their dubious acts of charging exorbitant interests. Islamic … microfinance has therefore, been seen as one of the viable alternatives to meeting the challenges of poverty and as an opportunity … in the livelihoods of the people in the Asian region. This article analyses the magnitude at which Islamic microfinance …
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This book explores the relationships between financial inclusion, poverty and inclusive development from Islamic perspectives. Financial inclusion has become an important global agenda and priority for policymakers and regulators in many Muslim countries for sustainable long-term economic...
Persistent link: https://www.econbiz.de/10012397705
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