||About the Author||S. Nazim Ali is the founding Director of the Islamic Finance Project and Acting Executive Director of the Islamic Legal Studies Program at Harvard Law School, Harvard University. For the last twenty-five years, his research an
In the recent past, Islamic finance has made an impressive case on the banking scene by becoming an alternative to the popular conventional financial systems, spurring a lively academic debate on how the Islamic finance industry can expand its services to cover the poor. Several propositions have been aired which suggest that the Islamic finance industry should consider developing an efficient Shari‘a compliant microfinance model.
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