Artificial Intelligence (AI) through the Lens of Islamic Economics – VI
We underline some data privacy related guidelines and principles that do not violate the basic beliefs and culture of Islamic societies. They merit serious consideration…
Category: Microfinance
Turning to Islamic Finance for Meeting Development Goals – III
I take pride in being from the academia. In the world of Islamic economics and finance, the sense of pride is more intense. I am…
Turning to Islamic Finance for Meeting Development Goals – II
The DEEP project was a trailblazer in many ways. The program was initiated at a time and in a region where two-third of population (according…
Do Muslim Poor Self-Exclude Them from the Financial System for Reasons of Faith?
In a 2007 study “Islamic Microfinance Development: Challenges and Initiatives†undertaken by the Islamic Research and Training Institute, we observed that most of the member…
Making Sense of Onion Economics in India: Can Islamic Finance Help?
I was motivated to write this piece by the story of a poor farmer in India. The story of this 48-year old farmer Devidas Parvane…
Growing Potatoes on the Shores of Nile: A Successful Experiment in Islamic Microfinance
An abundance of fertile arable land, water resources on the shores of Nile and the presence of a hardworking farming community in the region have…
Salam-Based Microfinance by BoK ? III
Salam has traditionally been understood as a mode of agricultural finance. Indeed, as scholars point out, one of the reasons why salam is admissible as…
Islamic Participatory Microfinance by BoK ? II (Abu Halima)
The Abu-Halima Greenhouses Project of IRADA, designed in 2011, uses a composite model of intervention that combines several “smart†factors and is designed to address…
Islamic Participatory Microfinance by Bank of Khartoum
The name is now familiar among Sudan’s poor, unemployed and recent pass-outs from universities. The Irada program of Bank of Khartoum is experimenting with new…
Ensuring Shariah Compliance in Microfinance with New Modes: Case of Istijrar
About a decade ago, I came across a financial mechanism being used by Muslim Commercial Bank of Pakistan for financing cotton purchases. The New Horizon…