Islamic societies face rising poverty and financial exclusion, often exacerbated by conventional microfinance programs overlooking religious sensitivities. Successful poverty alleviation necessitates a model respecting Islamic beliefs and culture.
This is the second in the two-part (6-credits) course on Islamic microfinance and focuses on the not-for-profit modes and models offering a deep dive into microfinance tailored for Islamic societies. It logically follows the outline of the first course focusing on the for-profit microfinance that primarily uses for-profit commercial modes and models mostly for replication of conventional microfinance.
Each of the courses is equivalent to a 3-credit course taught at universities, spans fourteen (14) topics, delving into the tools and methods sanctioned by Shariah.