This study proposes a two-pronged strategy, based on the dichotomy between livelihood and growth enterprises, to alleviate poverty through microenterprise development in member countries of the Islamic Development Bank (IDB).The paper focuses on the provision of Shariah-compliant financial...

This study argues that diverse approaches are needed to minimize financial exclusion in Islamic Development Bank (IDB) member countries. It recommends that MFIs must consider the cultural and religious sensitivities of Muslim societies while attempting to build inclusive financial systems. The...

This paper explains the building blocks of a microfinance program targeted at Islamic societies, which are characterized by high and rising levels of poverty and financial exclusion.Conventional microfinance programs often neglect Muslim religious sensitivities. For poverty alleviation efforts...

This paper seeks to highlight the need for creativity and innovation in poverty alleviation efforts using Shariah compliant mechanisms. Contemporary mechanisms in use by mainstream Islamic banks and financial institutions may indeed be grossly inappropriate in the context of local economies and...