Shariah Finance Micro Touch 2 Million for Small Operators

Shariah Finance Micro Touch 2 Million for Small Operators - Islamic micro finance business has gained a place in the community and small entrepreneurs in the world. Sistemini not only reach the Muslim community but also non- Muslims.

Dream - The Role of Islamic micro finance in poverty alleviation and community development are increasingly perceived benefits. Proven small community assistance funding has been cut through 2 million customers.

Muhammad Zubair Mughal , CEO AlHuda Centre of Islamic Banking and Economics ( CIBE ) in his speech at the International Conference on Micro Finance Sharia in Pakistan , said Islamic micro finance has successfully become a tool pengentas poverty . Good for Muslims and non - Muslims.

Zubair added, there are many micro finance among Islamic looked as complicated products . In fact, the business model can be easily implemented in any country, in all types of micro financial institutions .

All Islamic micro finance model has actually been fit conventional models of micro finance credit . Only, the conventional model of micro finance to make little changes to fit the micro finance system of sharia.

" Islamic micro finance products not based on interest , an insurance follow the rules of Islamic (Takaful ) , and model as well as its investment funds follow sharia method , " Zubair said as quoted from page Dream.co.id CPIfinancial , Thursday , May 15, 2014 .

But he admitted , some countries such as Nigeria , India , Tanzania , and Ethiopia , Islamic micro finance for this confusion in applying the micro finance system of sharia. Countries only specialized routing to the Muslim community.

Ideally, micro finance sharia is used as a business model not as a religious intervention . Islamic micro finance is a system that can be used and operated by all segments of society regardless of religion whatsoever.