Microfinance and poverty eradication from an Islamic perspective
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The last three decades have witnessed the emergence of many programs for ending poverty: including microfinance and poverty eradication programs. Yet according to the World Bank, poverty has been reduced only by around 10% since 1981, (excluding China, which accounts for nearly all the world’s poverty reduction), as seen in Chart 1. Moreover, the recent economic and financial crises have worsened the situation. According to the latest statistics in 2012, almost half the world (over 3 billion people) live on less than US$2.50 a day; 640 million live without adequate shelter and 925 million people suffer from hunger. This highlights the main objective of the millennium development goals for eradicating extreme poverty and hunger by 2015.
Islamic finance , Poverty , Hunger , Microfinance
A. Mohsin, M. I. (2012). Microfinance and poverty eradication from an Islamic perspective. Islamic Finance News, 9(27). https://www-islamicfinancenews-com/microfinance-and-poverty-eradication-from-an-islamic-perspective.html