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Category Archives: Middle East
An estimated 1.28 million clients around the world use Sharia-compliant microfinance services, a four-fold increase since 2006, according to a Consultative Group to Assist the Poor (CGAP) study released Wednesday April 3rd. Nearly a third of all institutions reported the launch of their Islamic microfinance operations in the last five years, and the number of providers offering these products has doubled since 2006. Ninety-two percent of Sharia-compliant loans are concentrated … Read More >>