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LAP Lambert Academic Publishing Conventional Route to Interest-Free Microfinance: A New Global Paradigm

Name: Conventional Route to Interest-Free Microfinance: A New Global Paradigm
Brand: LAP Lambert Academic Publishing
Price: 66.0 GBP
Availability: InStock

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Description

The book proposes facilitating the global expansion of microfinance through a universal non-religious microfinance business model. It concludes that traditional banking and Islamic banking with divergent philosophies do not inevitably reflect in the practices between interest-free banking and conventional banking, and the investment formulas utilized in traditional business practices and interest-free finance systems are analogous. Moreover, by using adapted conventional business formulas in Islamic finance principles and the current implementation of these methods in Africa, the book recommends that traditional microfinance providers have already incorporated profit-sharing, leasing, sales-based, and forward lending formulas alongside interest, for pragmatic reasons, irrespective of religious considerations and without changes in the regulatory frameworks. Additionally, the book envisions integrating the suggested global interest-free microfinance model to support microfinance as a sustainable strategy through the IMF/World Bank social mitigation programs and the Consultative Group to Assist the Poor at the World Bank.

Product Specifications

Brand: LAP Lambert Academic Publishing
Format: paperback
ASIN: 6208065046
Category: Books > Subjects
Domain: Amazon UK
Release Date: 13 September 2024
Listed Since: 01 October 2024

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LAP Lambert Academic Publishing Conventional Route to Interest-Free Microfinance: A New Global Paradigm

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It has never been this cheap. We have no record of a lower price.

LAP Lambert Academic Publishing Conventional Route to Interest-Free Microfinance: A New Global Paradigm

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