Monday 16, June 2014 by Robin AmlĂ´t

Islamic banks miss out on SME business opportunity across MENA

Recently published research by the World Bank’s International Finance Corporation (IFC) suggests there is a huge demand for Islamic products by SMEs in the  MENA region and, according to the study entitled Islamic Banking Opportunities across Small and Medium Enterprises in MENA, approximately 35 per cent of such businesses remain excluded from the formal banking sector because of a lack of Shari’ah-compliant products.

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