Continuation
It supports financial
inclusion by offering instruments suited to different socioeconomic groups.
Apart from Islamic
banking that meets the normal retail needs of consumers of which:
- mortgage and automobile financing
- savings
- accounts
it also serves:
- small
- and medium-sized
enterprises.
Moreover, there are
institutions that help improve the livelihoods of low-income groups.
So that, they offering Shari’ah-compliant
microfinance products based on profit-sharing.
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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