Enhancing financial inclusionthrough Shari’a-compliant microfinance:A case study of Al-Amal Microfinance Bankin Yemen
DOI:
https://doi.org/10.18559/ref.2025.1.2215Keywords:
Shari’a compliant microfinance, financial inclusion, financial integration, electronic banking servicesAbstract
This study explores the role of Shari’a-compliant microfinance in advancing financial inclusion and improving socio-economic conditions, with a particular focus on serving the financial needs of marginalised populations in rural areas. Through a case study of Al-Amal Microfinance Bank in Yemen, the research highlights the bank’s effectiveness in expanding access to financial services via tailored solutions and strategic outreach. By deploying a network of financial and non-financial agents in remote areas, alongside digital banking platforms, Al-Amal Bank successfully mitigates barriers such as distance, cost and accessibility. The integration of electronic services further enhances financial access, contributing to more inclusive development across the country.
JEL Classification
Financial Aspects of Economic Integration (F36)
Banks • Depository Institutions • Micro Finance Institutions • Mortgages (G21)
Financial Markets • Saving and Capital Investment • Corporate Finance and Governance (O16)
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