This lecture introduces a new Participatory Model, which can facilitate the global expansion of microfinance. It integrates diverse financial strategies from both traditional and Islamic banking into existing systems irrespective of religious considerations and without changes in the regulatory frameworks.
The presentation suggests that traditional microfinance providers should adopt financial strategies like profit-sharing, leasing, and sales-based lending, in addition to interest, as seen in African implementations of Islamic finance principles. This new third route, the participatory model, is recommended as a mechanism for the International Monetary Fund (IMF) and the World Bank's social mitigation measures.
This event will be held in English.
Speaker
Badr El Din A. Ibrahim
Senior Adviser
Arab Gulf Programme for Development (AGFUND)