Project OverviewWhile conventional microcredit has expanded financial access across Bangladesh and the Global South, many low-income families face severe hurdles due to high interest rates, compounding obligations, and strict repayment pressures that can lead to a stressful cycle of debt. Furthermore, a significant segment of the population remains excluded from formal financial systems due to faith-based or ethical considerations.This ongoing CPER working paper explores a compassionate, sustainable alternative: Islamic Microfinance. By bridging traditional Islamic jurisprudence (Fiqh al-Muamalat) with modern developmental economics, this research investigates how financial inclusion can be achieved without compromising human dignity or financial stability.Key Research Focus Areas-...
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