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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Wake-up call for Islamic finance

Posted on 17 January 2011

From Gulfnews.com: Some of the goodwill associated with micro-finance has recently vanished in Andhra Pradesh, India, as a combination of interfering politicians, profiteering firms, and people’s lack of education created a subprime market environment, according to a story in the New York Times.
No, Islamic micro-finance is not the answer today. The micro-finance crisis in Andhra Pradesh should be a wake-up call for Islamic finance to examine an “innovative” inclusionary approach to enfranchising the masses at the “bottom of the pyramid.”………………………………………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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