This course on Islamic Microfinance (Commercial) offers an in-depth exploration of how microfinance aligns with the objectives (Maqasid) of Shariah; contrasting these with global human development and poverty alleviation goals; including the UN's SDGs. It evaluates the ethical and practical shortcomings of conventional microfinance models and assesses how Islamic principles provide alternative solutions to combat poverty. The course reviews foundational principles of Islamic microfinance; examining their effectiveness in addressing global poverty challenges. Participants will learn about various for-profit Islamic microfinance models and modes; such as murabaha; bai-bithaman-ajil; mudarabah; and musharakah; supported by case studies from diverse regions and regulatory frameworks.
Netversity is the flagship project of Pt IBF Net Indonesia, a member of the IBF Net Group. It offers highly specialized courses in the field of economics, business, finance and IT with a focus on certification of charity, humanitarian and development professionals serving countries with a significant Muslim population. IBF Net: the Islamic Business and Finance Network owns the world’s maiden online community in the field with 80k-plus members. As a corporate group, it strives for excellence in harnessing the power of blockchain technology and artificial intelligence for developing solutions that are also aligned with ethical norms of Shariah.
