Financing the Poor Towards an Islamic Microfinance
From HodHood
Contents
Top 20 FREQUENT WORDS
islamic 47 microfinance 45 finance 33 rehman 9 institutions 8 symposium 8 annibale 7 harvard 7 goals 6 noted 6 project 6 shari 6 islam 5 services 5 social 5 university 5 banks 4 based 4 challenges 4 commercial 4 development 4 keynote 4 poverty 4 presented 4 professor 4 rates 4 sectors 4
DOCUMENT KEY POINTS
- islamic finance project harvard law school islamic legal studies program financing the poor towards an islamic microfinance april this april the islamic finance project ifp of the islamic legal studies program ilsp at harvard law school hosted a symposium on financing the poor towards an islamic microfinance
- while the social goals of the sharia a are noble islamic finance has been working to meet commercial standards first as a sign of the sector s viability before trying to meet its social responsibilities according to rehman
- according to annibale microfinance is also growing in india especially south india although restrictions have been placed in some areas because people had to pay very high interest rates and religious leaders spoke out against this usury and exploitation by telling people they did not have to pay these rates
- hans dieter seibel professor at the university of cologne germany discussed the case study of indonesia the largest muslim country in the world with a mixed history of islamic microfinance
- however islamic microfinance institutions must overcome distrust from the microfinance sector of the islamic finance industry especially since there is a confusion of ter miss to heal some of these wounds mohammed thinks that the ulema need to explain terms and provide practical solutions to the problem
- however it is important to keep the purpose in mind as shyakh nizam yaquby insisted during his conclusion the goal islamic finance project is to eliminate poverty not to cloak goals to exploit people
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DOCUMENT WORD ANALYSIS
Main Category
- AlHuda Material\islamic micro
KeyWords
islam microfin financial institute bankable finance developed service fund countries member NA republic regular program credit loan muslim rate access
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DOCUMENT REFERENCES
Number of Pages
4
Published Date
2007-11-26 20:01:53
