This publication is part of the journal ISRA International Journal of Islamic Finance (English Journal) (2015-1)
It focuses on the development of a suitable legal framework for the Islamic microfinance industry by applying the approach of the Malaysian Islamic Financial Services Act (IFSA) 2013. The research deals with the key risks facing microfinance institutions and their mitigation approaches, and regulatory approaches governing the Islamic microfinance industry. It claims that an appropriate legal framework would contribute to ensuring the sustainability and success of the industry.
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