Islamic finance could aid development
Analizing social principles and the power to provide financial assistance, Islamic microfinance has huge, untried potential.
Islamic Finance is growing very fast. The interest comes from financial institutions in designing Islamic or "sharia-compliant" products and services to attract Muslim investors.
Specific attention has focused on promoting sharia-compliant microfinance for low-income populations. Islamic financial institutions (IFIs) and development practitioners are also beginning to explore the role that Islamic finance can play in supporting development.