Abstract:
The research paper focuses on the potential of Islamic Microfinance in Pakistan. The market of Microfinance in the world is moving towards the Islamic Microfinance as it gives the true sense of eliminating the poverty from the society. The puipose of this research is to analyze what are the potential of Islamic microfinance products in Pakistan and what are the prospects of Islamic Microfinance in banking sector.
This has been observed that up till now no conventional or Islamic bank has done much in this field. Some of the Islamic banks are planning but still we don’t see much contribution from their side. There is a great potential of Islamic Microfinance to be spread throughout the world, currently we observe major market and institutions in Punjab province. The microfinance institutions should cater other provinces as well.
