While Islamic finance is a growing industry with more than 1,000 Islamic finance institutions and combined assets in excess of $1.3 trillion (Reuters 2013), the development of sharia-compliant microfinance has been much less prolific. Since 2006, the number of service providers offering sharia compliant microfinance products has doubled, albeit from a very small base and the number of clients using such products has quadrupled (El-Zoghbi and Tarazi...
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DETAILS
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2015/02/01
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Brief
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95213
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1
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1
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2015/03/24
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Disclosed
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Understanding costs and sustainability of sharia-compliant microfinance products
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analysis of current operating costs
Citation
Alvarez,Kaylene; El-Zoghbi,Mayada.
Understanding costs and sustainability of sharia-compliant microfinance products (English). CGAP focus note|no. 101 Washington, DC ; World Bank Group. http://documents.worldbank.org/curated/en/406481468127791733