Abstract
It has been observed that the popularity and acceptability of Islamic financing is increasing around the globe. The prime objective of this study is to explore the impact of Islamic micro financing on the poverty mitigation and SME’s development in the perspective of developing countries (Pakistan). This paper is of conceptual type study and all concepts are discussed in the light of literature. Through whole analysis and discussion, it is revealed that concept of Islamic financing is strengthening over the time period and now a day becomes popular among non-Muslim countries due to high ethical values and low riskiness of its schemes. It is also found that government plays crucial role in bringing and implementing the Islamic concept of finance. This study revealed that Islamic micro finance helped the poor but skilled people to earn their livings and they also provide earning to others. Along it, Islamic micro financing become the source of effective and efficient utilization of local common resources. It promotes trust and brotherhood, equality and social justice in the society. Only discussion is made on available literature, no empirical results are drawn.
Keyword(s)
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