Home / Communication / Press Clips / Alberto Brugnoni, "Applying Koranic thinking to microfinance", July 2008 - Article on the role of Islamic microfinance in the distribution of resources to non-bankable

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Alberto Brugnoni, "Applying Koranic thinking to microfinance", July 2008 - Article on the role of Islamic microfinance in the distribution of resources to non-bankable

Although the Islamic financial services industry has experienced impressive growth in the last decade, it has failed to make financial services accessible to the poor. This is in spite of poverty in both urban and rural parts of the 1.2 billion strong Muslim world being high and that five predominantly Muslim countries - Indonesia, Bangladesh, Pakistan, Nigeria and Egypt - account for more than 500 million of the world’s poor, with incomes below the national poverty line …

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