Policy Options for Poverty & Underdevelopment (Part 2)

There is a great need to translate the growth of Islamic Finance into visible development initiatives and poverty reduction in the OIC member countries by institutionalizing the potentials and practices of ‘Giving’ in the Muslim societies.

The Role of Small and Medium Enterprises

Leading scholars of the field are of the view – and it has been exhibited in more than one ways – that the poverty alleviation potential of the Islamic Finance, particularly microfinance, is much more than that of conventional finance. Now the question arises as to how can this potential be translated into reality. Starting with the specialized Islamic banks which are already working and flourishing in the OIC countries, underdevelopment can be tackle...