17.01.2011 - Wake-up call for Islamic finance
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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