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Essay heading: Islamic Micro Finance
 
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Issue: Business
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Date added: October 11, 2001
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No of pages / words: 3 / 797
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Potential areas of exploration include the role of the Islamic Finance industry as a source of funds for microfinance initiatives as they approach capital markets for financing. This may also include the harnessing of traditional Islamic financial institutions such as zakat and waqf to augment the poverty alleviation tasks of micro-finance programs...
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In addition, we hope that through the collaboration of industry and academia, this symposium will promote the development of alternative financial instruments, products and structures that may better serve the needs of increasingly sophisticated micro-finance institutions while creating alternatives on the ground for borrowers from micro-finance institutions in order to induce increased transparency, accountability, efficiency and reduce the cost of accessing financial services for the poor...
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