ABSTRACT
Since the efforts of Muhammad Yunus and the Grameen Bank in Bangladesh, the world of microfinance has flourished. Today, microfinance is deemed to be an integral part of the global financial system, with over 1,400 microfinance institutions (MFIs) listed on the Microfinance Information Exchange (MIX) database. The Islamic finance industry, which shares with microfinance a commitment to the principles of social equality and justice, is also projected to experience high trajectory growth.
