CGAP, Yale University and Tamweelcom have taken a novel approach to the study of demand for Islamic and conventional loans in Jordan. This randomized experiment reveals new insights into the real demand for Islamic microloans, and the findings are striking.
Since many youth in Algeria are reluctant to use financial products that charge interest (a violation of Islamic financial principles), the Algerian government set out to to make available a Sharia-compliant product that is both affordable and scalable.
