Islamic Finance

The magnitude of philanthropic giving in Muslim communities is estimated to total between USD 250 billion and USD 1 trillion annually.

The objective of this project is to develop and implement an Islamic microfinance model using the Grameen group financing approach initially to murabaha and

Venture capital is a source of funding for entrepreneurs. Any entrepreneurial activity is directly proportional to the economic growth of a country. Venture capital encourages entrepreneurs in a country, but the traditional objective of venture capital is to invest in an entrepreneurship venture, breed it, grow it and sell it at a huge profit. This fundamental concept of VC is carried forward in Islamic venture capital but follows the basic tenets of

Poverty eradication, acknowledged since WWII as a global responsibility, received increasing attention during 1980s and 1990s, culminating in UN’s adoption of the Millennium Development Goals in 2002. Although microcredit’s success in alleviating poverty has now been recognized worldwide, it has two main weaknesses - high interest rates and, for

This paper examines microfinance’s positive impact on the status of women globally. The paper addresses what it means for women to be “empowered” and answers why microfinancial institutions should care. A case study of the Sinapi Aba Trust in Ghana is cited. The paper concludes that although microfinance does not always empower women, as in certain cases delineated in the article, more often than not, it can positively aide their situation.

The world today is plagued by hunger, epidemics, global warming, and human rights violations. While several Western civil organizations are actively dealing with these challenges, Muslims have yet to be identified as global partners associated with peace building. To meet these challenges and to bring the world’s poor out of poverty; we find a strong demand for carefully monetized Islamic philanthropic instruments.