Tuesday, May 28, 2013

[MFP] CGAP Newsflash: Sharia-Compliant Financial Services

 

 


CGAP Newsflash: Sharia-Compliant Financial Services

Islamic microfinance is undoubtedly gaining momentum. But despite the doubling of Sharia-compliant microfinance providers since 2006 and the rapid increase in the number of their customers, Islamic microfinance is still dominated by a handful of service providers in a handful of countries offering primarily two products.

An ongoing blog series on CGAP.org features experts on Sharia-compliant financial inclusion who suggest possible ways to address these challenges. So far, the series covers Al-Amal Microfinance Bank's experience in Yemen, the potential for niche providers in Pakistan, and the need to better understand what Muslim microfinance clients actually need.

Get current at CGAP.org and watch this space for updates.


CGAP


 


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