The Challenges of Designing Shariah Compliant Microfinance
Video
When
This event took place on 21 Oct 2011 at 6:30 pm.Details
Approximately half of the world's poor are Muslims. Yet conventional microcredit is incompatible with Islamic financial principles, resulting in a huge unmet demand for enterprise capital at the bottom of the pyramid. Surveys in the Middle East, for example, revealed that 20–40 percent of respondents cite religious reasons for not accessing conventional microloans. However, innovations in Islamic financial products are increasingly being adapted by microfinance providers. Mohammed Khaled of the World Bank's Consultative Group to Assist the Poor will provide an overview and introduction to the variety of innovations currently underway in the Middle East and Asia which could help provide financial access to millions of Muslim poor.
The event is free for MFCNY members and Deutsche Bank employees.
Participants
Mohammed Khaled is the Regional Representative for the Middle East and North Africa at the World Bank's Consultative Group to Assist the Poor (CGAP). Based in Ramallah Palestine, Mohammed works to deepen CGAP’s engagement in the region by collaborating with partners on issues such as technology, policy, and funding for microfinance.
| Attachment | Size |
|---|---|
| Challenges to Developing Sharia Compliant Microfinance Presentation.pdf | 980.79 KB |
Subscribe
Print
Email
PDF
