Publication:
A unique Islamic microfinance scheme
Abstract
Microfinance is a new concept in the Maldives. In 2015, the first Islamic microfinance scheme was introduced under the name of "FaseyhaMadadhu" with assistance from Islamic Development Bank. The products developed under this scheme were unique as it was shaped by looking at local needs. This paper will discuss these products and the features of it. It is hard to find literature about the subject matter as this is a newly introduced scheme and the first-hand experience of the author in structuring and implementing the scheme has been relied extensively. It is anticipated that the outcome of this paper will pave the way for those jurisdictions that aim to introduce Islamic microfinance
Keywords
Microfinance
Citation
Muneeza, A. (2017). A unique Islamic microfinance scheme. Wahed Invest, (May 2017). Retrieved from https://journal.wahedinvest.com/a-unique-islamic-microfinance-scheme/
Publisher
Wahed Invest