12 Points on How to Do Islamic Microfinance in India
Originally authored on June 30, 2008 Large section of Indian Muslims are poor. They also tend to get excluded from the formal banking and financial…
Category: Economic Empowerment
Awqaf Microfinance – Small is Beautiful
In Islam, lending is considered more of a charitable act than a commercial one. For a Muslim, it’s a matter of faith not to expect…
An Innovative Islamic Microfinance Institution
In the paper titled “Leveraging Philanthropy: Monetary Waqf for Microfinance” Dr Muhammad Anas Zarka comes up with some interesting and innovative suggestions for designing an…
Turning to Islamic Finance for Meeting Development Goals – III
I take pride in being from the academia. In the world of Islamic economics and finance, the sense of pride is more intense. I am…
Musharaka-Based Microfinance by BoK ? IV
Livestock production is an important component of the local economy in Sudan, providing food, employment, foreign exchange earnings, a source of wealth, and supply of…
Salam-Based Microfinance by BoK ? III
Salam has traditionally been understood as a mode of agricultural finance. Indeed, as scholars point out, one of the reasons why salam is admissible as…
Islamic Participatory Microfinance by BoK ? II (Abu Halima)
The Abu-Halima Greenhouses Project of IRADA, designed in 2011, uses a composite model of intervention that combines several “smart†factors and is designed to address…
Islamic Participatory Microfinance by Bank of Khartoum
The name is now familiar among Sudan’s poor, unemployed and recent pass-outs from universities. The Irada program of Bank of Khartoum is experimenting with new…
From Zakat Beneficiary (Mustahiq) to Zakat Giver (Muzakki) – 1
A question that is often asked in the context of the role of zakat and indeed, of all forms of charity and philanthropy in poverty…
A Model of Economic Empowerment
While Islam strongly encourages charity from the giver’s point of view, it seeks to minimize dependence on charity from the beneficiary’s point of view and…