The Halal Way to Social Change

The article explores methods for combining Muhammad Yunus’ ingenious concept of Grameen Bank with the Islamic principle of non-interest. Instead, money could be garnered through a “profit/loss regime” in which the borrower’s share increases as he pays off the loan until he is in full possession of the financial asset. This new idea would include Yunus’ original portfolio scheme of assessing his borrowers along with the feature of zero tangible collateral.