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ISLAMIC (MICRO)FINANCE

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Table of Contents<br />

1 EXECUTIVE SUMMARY - 1<br />

2 <strong>ISLAMIC</strong> BANKING AND <strong>FINANCE</strong>: A GLOBAL OVERVIEW - 3<br />

2.1 Brief history, 1970s – present<br />

2.2 Theological foundations<br />

2.3 Guiding principles and common controversies: more than just ‘interest-free’<br />

2.4 Key countries and institutions<br />

2.5 Regulatory and legal challenges<br />

3 <strong>ISLAMIC</strong> <strong>MICRO</strong><strong>FINANCE</strong> - 15<br />

3.1 Overview<br />

3.2 A structural comparison with conventional microfinance<br />

3.3 Key countries and institutions<br />

3.4 Islamic (micro)financial products and services<br />

3.5 Case study: Islami Bank Bangladesh Limited<br />

3.6 Case study: Islamic Relief Pakistan<br />

4 WOMEN, HOUSEHOLDS, AND ETHNOGRAPHIC LESSONS - 29<br />

5 REGULATORY, POLITICAL, AND ECONOMIC CHALLENGES - 34<br />

5.1 Bangladesh<br />

5.2 Indonesia<br />

5.3 Pakistan<br />

6 CONCLUSION: <strong>ISLAMIC</strong> (<strong>MICRO</strong>)<strong>FINANCE</strong>, FINANCIAL INCLUSION, AND<br />

DIGITAL STRATEGIES - 41<br />

7 APPENDIX - 43<br />

7.1 Abbreviations<br />

7.2 Glossary<br />

7.3 Further reading<br />

7.4 References

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