Islamic microfinance must break down barriers to achieve potential
Microfinancing can ease poverty, fits with Islamic charitable traditions.
London: The global Islamic microfinance market has room to grow significantly if it overcomes social and regulatory barriers currently curbing its expansion, say experts.
Given microfinance is a poverty-alleviation mechanism providing credit and other financial resources to poor and low-income households and small-and-medium-sized businesses, it dovetails with Islamic charitable traditions.
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Rose Pengelly