Innovation at play: Gold certificate financing by Amana Bank

IE code:
DF1-226-I
Language:   English
Format:  
PDF
Nr. Of Pages:
16
Academic Area:
Type of publication:
Case Study

Description

Mariam Fatima has recently joined Amana Bank as a member of the New Product Initiatives Division. Seeing the need for a Shariah-compliant pawn service (Qard Hasan) in Sri Lanka, Fatima presents this product gap to her team. During two years, she and her team develop a pawn service that complies with Islamic banking principles - finally offering lower-middle-class individuals the opportunity to borrow money more securely.