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Islamic Microfinance: A New Approach to Help Small Enterprises

Islamic Microfinance: A New Approach to Help Small Enterprises
ABAC Malaysia
August 2008

"It is estimated that about 35% of the world’s 1.2 billion Muslims are poor, thus creating a large market for microfinance. However, there are very few Islamic MFIs and Islamic banks involved in microfinance. Many MFIs are operating under the conventional system, while Islamic banks tend to favor larger firms."

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