Purpose – This paper aims to study the problems faced by microfinance institutions (MFIs) and relates it with Al-Tawhid to see the solutions. Design/methodology/approach – An exploratory method was used to examine various literature that discuss MFIs, the challenge issues growing in tandem...

Purpose This paper aims to integrate Islamic and mainstream economics framework towards a more realistic understanding of Muslim consumption behaviour. Design/methodology/approach The model incorporates some of the Islamic institutions like period-wise deduction of Zakat from endowments. It also...