Islamic Microfinance Challenge: A Summary
A business model for Islamic microfinance: what does it need?
Al Amal, Winner of the Islamic Microfinance Challenge 2010
Al Amal provides various financial services and products (Islamic financing, savings, solidarity insurance, etc.) and is among a handful of microfinance institutions in the Arab World providing Islamic financial services.
Centre for Women Co-operative Development, Pakistan
Innovation at CWCD has led to a complete organizational transformation, where CWCD has let go of its conventional microfinance programs and dedicated itself completely towards Islamic Microfinance.
Islamic Microfinance in Tanzania
Tanzania eco-Volunteerism’s (TeV) honey project is a community development program providing rural poor communities of Tanzania with an innovative microfinance model that is in complete compliance with Islamic guidelines for business and finance.
Islamic Microfinance Challenge: Profiling Tameer Bank, Pakistan
Pakistan does not have any visible Islamic microfinance banks or institutions, so this is a critical project to move forward, albeit in a staged way to limit risk and cost and making sure that we apply new learning as we go.
Why Has Islamic Microfinance Not Reached Scale Yet?
How come in a country like Bangladesh, the largest MFI or bank providing products complying with Sharia reach only 100,000 active borrowers compared to the 22 million active borrowers reached by Grameen Bank, BRAC, and ASA, all of which are providing conventional products?