Islamic finance is expected to expand substantially in 2015, from 2014’s total of $2.1 trillion to $2.5 trillion, according to figures released last week by the Al-Huda Centre of Islamic Banking and Economics. In 2011, the industry had assets of about $1 trillion. Islamic microfinance, the segment of Sharia-compliant services targeting clients at the base of the pyramid, only occupies a small slice of the pie, at 1 percent of all Islamic finance globally. However this uptick in Sharia-compliant finance, as well as encouraging recent support for the 650 million Muslims living on less than 2 dollars a day, suggest a rising tide for Islamic microfinance.
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Set to Grow in 2015: Islamic Microfinance
![Set to Grow in 2015: Islamic Microfinance Set to Grow in 2015: Islamic Microfinance](https://smefinanceforum.org/sites/default/files/styles/720x486/public/blogs/503548_8054515764_2ce9afc2e7_o_1.jpg?itok=E8ONPSn_)
Jan 14, 2015