Islamic Micro Finance

Essay specific features

 

Issue:

Business

 

Written by:

Wilma M

 

Date added:

August 28, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 495

 

Was viewed:

7105 times

 

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Essay content:

Similarly both the systems advocate financial inclusion, entrepreneurship and risk-sharing through partnership finance. 3. Moreover, both have their focus on developmental and social goals to be accomplished in the society. Criteria for Islamic Microfinance: The following criteria would be followed for persons/entities applying for Islamic Micro-finance bank: i) All financial transactions of Islamic MFB will be in accordance with the injunctions of SHARIAH...
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Appointment of Shariah Advisor will require written approval from State Bank of Pakistan for which information about Shariah Advisor should be submitted to the State Bank on Form SAP, provided in the aforementioned circular. iii) The application shall indicate the modes of finance and product structure proposed to be used for raising resources and extending financial assistance to the clients...
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