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Blog Series

Sharia-Compliant Financial Services: Challenges and Opportunities

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. This blog series will feature experts on Sharia-compliant financial inclusion who will suggest possible ways to address these challenges as well as discuss other issues that may be necessary to advance the sector.

bread
Blog
17 July 2013

Lessons from the MIX in Tracking Islamic Microfinance Development

Consistently tracking and analyzing the performance of Islamic microfinance providers will be key to improving their services and, in turn, broadening their outreach.
132-L
Blog
01 July 2013

Smart Policy: Why Islamic Banks Matter in Indonesia

With financing a key need for millions of micro to mid-sized entrepreneurs, empowering Islamic financial service providers to reach more clients is not only good for business. It’s smart policy.
handicraft
Blog
20 June 2013

Can Islamic Banking Offer Some Lessons to Islamic Microfinance?

The journey of Islamic banking may offer some lessons - including product diversity - to Islamic microfinance.
161
Blog
12 June 2013

Sharia-Compliant Finance for MSMEs in Algeria

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.
group loan
Blog
03 June 2013

A National Experiment: Sharia-Compliant Finance in Sudan

Sudan's banking system went Islamic in the 1980's and can offer several lessons on delivering Sharia-compliant financial products to the poor.
faseeh2
Blog
17 May 2013

Islamic Microfinance in Pakistan: The Experience so Far

There is huge potential for microfinance providers to expand outreach in the niche market of Sharia-compliant financial services in Pakistan. This could be achieved by diversifying products as well as expanding geographic outreach.
Lifeisagame
Blog
10 May 2013

Islamic Microfinance in Yemen: Challenges and Opportunities

In an effort to foster hope and stability among Yemen’s poor, who have been disproportionately affected by the country’s turmoil, Al-Amal Microfinance Bank is working to introduce a range of Sharia-compliant microfinance products aimed at reaching the unbanked.
295
Blog
18 April 2013

Islamic Microfinance And Clients: See What I Do, Not What I Say

Muslim microfinance clients often insist on Sharia-compliant products. However, when offered, many clients try the products and then go back to conventional products. Others shun the Islamic offerings altogether. Why this disconnect between what people say and what they do?

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