Worldwide, microfinance programs tend to have significantly higher interest rates compared to commercial banks. For instance, Grameen Bank’s interest rate is around 20%, while BRAC’s is most probably 25%. Some international microfinance programs even charge higher rates. One of the primary reasons behind these higher rates is the higher risk

A few days ago, Professor Jasser Auda spoke about Waqf at a seminar. He believes Waqf is one of the principal pillars of Islamic economics. Rather than viewing Waqf solely as an act of charity, he sees it as the backbone of Muslim civilization. He also highlighted how essential Waqf