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Ahmed Rostom Financial Sector Specialist East Asia and Pacific Finance and Private Sector Development (EASFP) The World Bank. Islamic microfinance..microtakaful A brief discussion on challenges. November 2012. Global Picture. - PowerPoint PPT Presentation
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Islamic microfinance..microtakaful A brief discussion on challenges
Ahmed Rostom
Financial Sector Specialist
East Asia and Pacific Finance and Private Sector Development
(EASFP)
The World Bank
November 2012
Global Picture
2
MENA dominates in terms of number of financing clients, EAP dominates in terms of portfolio size
Financing outstanding amounts (USD millions)
More MFIs/rural banks but volumes driven by commercial banks
Global Picture
Institutions covered, by type of institution
3
Vast majority are small institutions
Institutions covered, by # active financing clients
Global Picture
4
Global PictureStill a subsidized business
Financing products: strong focus on Murabaha and Qard hassan
Portfolio, by type of product (USD million)
5
Challenges remain…
• Increasing transparency among providers• Allowing more institutions into the market• Offering More solutions• Understanding of demand• Scaling up P&L products• Standardizing models for sustainability• Sharing lessons and models• Regulating the industry• Increasing consumers awareness• Morale hazard• Adverse selection• Flexibility• And Affordability
Challenges
6