Islamic Microfinance

GPTKB entity

Statements (49)
Predicate Object
gptkbp:instanceOf gptkb:market
Islamic finance
gptkbp:aimsTo alleviate poverty
promote financial inclusion
gptkbp:basedOn Shariah principles
gptkbp:benefit social justice
community development
financial inclusion
poverty reduction
empowerment of women
gptkbp:challenge limited funding
regulatory issues
product innovation
lack of awareness
gptkbp:distinctFrom conventional microfinance (no interest, Shariah compliance)
https://www.w3.org/2000/01/rdf-schema#label Islamic Microfinance
gptkbp:introducedIn late 20th century
gptkbp:notableCountry gptkb:Bangladesh
gptkb:Indonesia
gptkb:Pakistan
gptkb:Sudan
gptkbp:notableInstitution gptkb:Islamic_Relief
Akhuwat Foundation
Al-Amal Microfinance Bank
Grameen Bank (Islamic window)
gptkbp:operatesIn Muslim-majority countries
non-Muslim countries
gptkbp:prohibits interest (riba)
gptkbp:regulates central banks
Islamic financial authorities
gptkbp:relatedGroup low-income individuals
micro-entrepreneurs
gptkbp:relatedTo gptkb:zakat
mosque
Islamic banking
sadaqah
social finance
conventional microfinance
gptkbp:supportedBy gptkb:UNDP
gptkb:World_Bank
gptkb:Islamic_Development_Bank
gptkbp:uses gptkb:Ijara
gptkb:Mudarabah
gptkb:Murabaha
gptkb:Musharakah
Qard Hasan
profit-and-loss sharing
gptkbp:bfsParent gptkb:Islamic_Banking
gptkbp:bfsLayer 8