Muslim Aid Microfinance Workshop in Sri Lanka aims to Develop Interest Free Credit Models

Muslim Aid, a British international relief organisation based in London, is holding a workshop from April 23rd to April 27th to develop microfinance models which are interest free to the beneficiaries, and are thus in keeping with the Islamic faith. Muslim Aid has invited scholars and academics specialising in development and Muslim finance to the consultation which is being held in Colombo, Sri Lanka. The workshop also coincides with the launch of a GBP 22,500 (USD 11,250) microfinance project Muslim Aid is running in Cambodia from its Phnom Penh office. Muslim Aid reported total funding in 2005 of GBP 6.7mm (USD 13.4mm).

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