Islamic finance and microfinance seem to be concepts surrounded by a “fashionable aura” in Muslim developing countries: banks, financial institutions, MFIs, NGOs are very interested in the issues and most of all in the relation between the two, especially when it comes to fighting poverty. Strange enough, even if the interest is
high2, there are very few examples of actual MFIs operating in the field of Islamic finance and Islamic banks involved in microfinance.
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