The Islamic Relief experience Basic features – compared with conventional MF Retaining the basic operational format of MFIs Social mobilization (group – individually) Weekly/Monthly repayments Coupled often with social development (sustainable livelihoods) Distinguishing features of IRW I-MF: Sources of Funds external sources (IDB, QC, IICO, DfID, Scottish Government etc.) but also sadaqah, general donations (and awqaf) from the IR family Use of funds (Mode of Financing) Qard hasan Sale based and hiring modes (murabahah) Profit-sharing modes (Musharakah and mudarabah)
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