Islamic microfinance revolutionizes financial inclusion for low-income populations.
Islamic microfinance aims to provide financial services to low-income individuals who are excluded from traditional banking. By combining microfinance and Islamic finance, it offers services tailored to the needs of deprived populations. This approach helps support individuals in the informal sector and those with low incomes who may not qualify for traditional banking services. The study highlights the importance of Islamic microfinance in expanding financial inclusion and identifies potential barriers to its growth, such as economic, social, and structural challenges.