A Smart Campaign for Individual Donors
A “smart campaign” is a familiar term in the context of microfinance that seeks to help the poor. It is about being fully transparent in the pricing, terms and conditions of …
Baitul Maals in India: Some Observations
Large sections of Indian Muslims are poor. They also tend to get excluded from the formal banking and financial system for a variety of reasons including their aversion to Riba …
Making Sense of Onion Economics in India: Can Islamic Finance Help?
I was motivated to write this piece by the story of a poor farmer in India. The story of this 48-year old farmer Devidas Parvane from the Rasai village of …
Islamic Finance in India: A New Beginning?
It was an Indian scholar, Dr Muhammad Nejatullah Siddiqi who provided the first theoretical model for an Islamic bank in his celebrated book “Banking without Interest” in the 1960s. He went …