Qard hasan microfinance (QHMF)

Microfinance institutions have been successful in conventional markets but there are a few cases of such institutions operating on Islamic finance principles. In an Islamic system, instruments like qard hasan, sadaqah, and zakat can play a vital role in serving the poor and the role each instrument can play needs to be reviewed. The article focuses on how Qard Hasan can play an effective role within successful microfinance activities in empowering the poor in Muslim countries.