The nexus between Islamic banking and microfinance has been previously discussed, addressing interest free lending while promoting fairness and ethical practices in accordance with Islamic law. The objective of this paper is to propose a shariah compliant microfinance product in Islamic banking operations particularly in Malaysia. On the contrary, the need for Shariah compliance has led to considerable research into product development. The most commonly applied Islamic microfinance product is murabahah, which is applied in financing to purchase of goods. The purpose of this paper is to focus on Shariah-based microfinance products in the context of sustainable poverty alleviation approach and provide them financial benefits to enhance their livelihoods.,Here, this qualitative study critically analyzes the basics of the sustainable Islamic microfinance to exterminate the level of poverty.,Islamic microfinance is a more ethical practice than … 7. More recently, from 28-30 of June, 2011, sixty-one participants from 25 countries participated in an online “Discussion Corner” organized by USAID on the subject of Islamic Banking and Microfinance Of the banks that offer Shariah-compliant products and services, Exim, Islami, Social Islami and Shahjalal Islami also have Islamic microfinance programmes. Islamic financial institutions present various products and services that can cater for the needs of the banking public Nigerians as captured herein. Nevertheless, demand for Islamic microfinance products is strong. The supply of Islamic microfinance is very concentrated in a few countries, with the top three countries (Indonesia, Bangladesh, and Afghanistan) accounting for 80 percent of global outreach. Islamic microfinance: definition, products and global impact The principles of Islamic microfinance and finance are focused on Islamic law called “Sharia”. These products with minor modifications if required, can be used for microfinance … This study attempts to examine the impact of using Islamic microfinance products on the Mauritanian microentrepreneurs’ income level. Islamic microfinance differs from conventional microfinance in that it must adhere to the same principles as Islamic finance, which is structured to provide products for Muslim customers that are in compliance with the code of ethics and conduct laid out under sharia law. In this course, you will learn the principles of Islamic finance and the major financing mechanisms and products within Islamic microfinance. The relatively high costs of providing Sharia-compliant products may explain why the development of Islamic microfinance has lagged; Islamic microfinance products still serve less than 1 percent of borrowers (El-Zoghbi & Tarazi, 2013). Dr Mustapha Abubakar to Speak on Islamic Banking as an Alternative Financing Tool. 2. cooperative insurance is an acceptabl e product for Islamic microfinance. Mohammed Obaidullah, a senior economist at the Islamic Development Bank, argues for the compatibility of microfinance with Islam: Contemporary mainstream Islamic finance has expended considerable effort in developing Shariah-compliant products and services for deposit mobilization, finance, remittance, […]. Abdullah AbdulRasaq to Speak on Opportunities for Islamic Microfinancing in Agriculture . +92-62-2285126 +92-62-2280051. Repayments are kept small and in frequent installments (weekly/monthly), which makes it easier for the client. 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