Global Islamic Microfinance Market 2014-2018

Topics: Islamic banking, Sharia, Investment Pages: 1 (383 words) Published: October 27, 2014

Global Islamic Microfinance Market 2014-20180280035The system of finance based on Islamic law, also known as "Sharia," is referred to as Islamic microfinance. It combines the elements of "Islamic Finance" and "Microfinance." The key feature of Islamic finance that differentiates it from conventional finance is the non-existence of a fixed, pre-determined interest in any financial transaction. Islamic microfinance is increasingly playing a major role in poverty alleviation in underdeveloped nations across the world. A huge segment of the Islamic population is reluctant to use conventional financial products because of their incompatibility with Islamic principles. As a result, Islamic microfinance promotes financial inclusion among this population. Covered in this Report0280035This report presents a detailed picture of the Global Islamic Microfinance market for the period 2014-2018. To estimate and forecast the market size, the total assets under Islamic microfinance products were considered. The products include Islamic microfinance products offered by any financial institution and not just Islamic institutions. In addition, the report presents an overview of the drivers that are aiding the growth of the market. It also gives a comprehensive analysis of the challenges faced by the market and the emerging trends in the market during the forecast period. The report also presents a detailed profile of the prominent Islamic MFIs in the market. View our full TOC hereKey Regions

Afghanistan
Bangladesh
Indonesia
Key Vendors
Al Baraka Islamic Bank
Ansar Financial and Development
Islamic Bank of Britain
Mawarid Finance
The Bank of Khyber
Other Prominent Vendors
Bank of Khartoum
Family Bank
Wasil Foundation
Key Market Driver
Promotion of Islamic Microfinance by Governments
For a full, detailed list, view our report.
Key Market Challenge
Achieving Operational Efficiency
For a full, detailed list, view our report.
Key Market Trend
Expansion of...
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