 Success of Islamic Modes in Microfinance: The Experience of the Family Bank (Sudan)Essam Mohamed Ali Laithi
Islamic Economic Studies, 1994, vol. 0-0, 121-124 Abstract: Many scholars and theorists in the field of Islamic Finance consider Microfinance as the best method to achieve the core goals of Islamic finance to realizing redistribution of wealth and opportunities. Microfinance meets the needs of poorer segments of the population who are outside the scope of access to official financial services. It also works to include these segments among the beneficiaries of this important and vital sector to achieve what is known as the principle of Financial Inclusiveness. In contrast, many practitioners in the field of microfinance claim that Islamic finance has achieved very modest success in the Islamic microfinance, especially in comparison with the Conventional microfinance. The reason in this aspect is the Islamic Modes of microfinance as it represents the essence of the difference and disagreement between conventional microfinance and Islamic Microfinance. Practitioners believe that some of these Modes have obstacles that hinder the possibility to actually be applied on the floor, others involve high costs which reduce the feasibility of their use in the delivery of microfinance services to the target groups. Date: 1994 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ris:isecst:0134 Access Statistics for this article Islamic Economic Studies is currently edited by Salman Syed Ali and Anis Ben Khedher More articles in Islamic Economic Studies from The Islamic Research and Training Institute (IRTI) Contact information at EDIRC. |
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