Islamic Microfinance: Key Tool for Poverty Alleviation in Muslim Society
Islamic microfinance is a powerful tool for reducing poverty, especially among Muslim communities. By reviewing over 50 articles, it has been found that Islamic microfinance is more effective than conventional microfinance in helping the extremely poor. This type of microfinance offers different modes and structures that can cater to various levels of poverty. Overall, Islamic microfinance has shown to improve the livelihoods, well-being, and economic development of those in need.