Case Study about Islamic Microfinance and Socially Responsible Investments
This paper aims to focus on different issues: whether the economic behavior can be influenced by the predominant religious belief, the role of Islamic finance in Muslim societies nowadays but most of all its potential to fight poverty in those countries belonging to the so called developing world, when related with important economic development tools such as microfinance.
Both Islamic finance and microfinance seem to be concepts surrounded by a “fashionable aura” in Muslim developing countries: banks, financial institutions, MFIs, NGOs are very interested in the issues and most of all in the relation between the two, especially when it comes to fighting poverty. Strange enough, even if the interest is high, there are very few examples of actual MFIs operating in the field of Islamic finance and Islamic banks involved in microfinance.
Click here to read more on Islamic Microfinance and Socially Responsible Investments