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Shariah-compliant

35% of MENA SMEs excluded from formal banking sector

: Tuesday, June 17 - 2014 @ 12:58

Zawya has reported that around 35% of SMEs in the MENA region were excluded from the formal banking sector because they are seeking Shariah-compliant products that are not readily available in the market, according to a new study by International Finance Corporation ( IFC ). The study revealed a potential market gap of up to $13.2bn for SME Islamic financing in the region.

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Tuesday, June 17- 2014 @ 12:58 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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