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Islamic Microfinance can work with all the microfinance models of the world

Posted on 15 July 2011

Zubair Mughal - Chief Executive Officer, AlHuda Centre of Islamic Banking and Economics Pakistan said that Islam has given the best system for poverty alleviation and both Muslims and non-Muslims can benefit from it.
He emphasized that the people from Central Asia, the Caucasus, and South Asia can equally get benefit from Islamic principles of Microfinance. He said the out of the total population of 1.7 billion about 562 million are Muslims in these regions, which becomes important for financial inclusion through this system. Islamic Microfinance is compatible to work with any model of Microfinance and it has the alternative to all the products of Conventional system……………………………………….Full Article: Source

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