Islamic Microfinance

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Islamic Microfinance Program

The Islamic Microfinance Program of Muslim Aid Bangladesh (MAB) is a Shariah-compliant initiative aimed at empowering poor and marginalized communities through ethical, interest-free, and inclusive financial services.

Program Overview

Initiated in 1993, Islamic Microfinance is the pioneer program of MAB in Bangladesh. The program supports sustainable livelihoods and self-reliance, currently benefiting over 35,000 families across 30 districts.

Objectives
  • Poverty alleviation through Shariah-based financing
  • Financial inclusion of marginalized communities
  • Empowerment of poor women
  • Support income-generating activities
Shariah-Compliant Products
  • Qard-e-Hasana (Benevolent Loan)
  • Bai-Murabaha (Cost-plus financing)
  • Hire Purchase under Shirkatul Melk (HPSM)
Key Features
  • More than 99% women beneficiaries
  • Collateral-free financing
  • No service charge for hard-core poor
  • Group-based and community-focused approach