İslami Finans Açısından Mikrofinans Modeli ve Uygulamaları

The development process of societies involves a long-term and continuous development process rather than a short-term and stable process. In this long-term development process, it is important for all sectors to benefit from this economic development with the increase of investment and employment areas within the country. The studies to be carried out on this issue will also serve to ensure the justice of the income distribution, which is one of the main objectives of the economic development. Poverty elimination is not enough for sustainable development it is also important to provide access to financial means to the masses, and to encourage and support the sectors with a potential for a stable production. Micro finance is one of the most important tools in providing these incentives and support. Moreover, micro finance is crucial for the development of countries. However, there is a difference between the objectives of traditional micro-finance products and their Islamic counterpart. The most important difference is that Islamic micro-finance aims material enrichment along with the spiritual gains. The acquisition of these gains depends primarily on the well-known, development and implementation of these systems in the Islamic geography. Today, there are many Islamic countries among the countries with the lowest poverty and per capita incomes. Islamic countries need microfinance systems for the economic growth and development. In this study we evaluate Islamic and traditional micro-finance products. The historical process and application examples of micro-finance were evaluated. It was concluded that despite the fact that there are great developments in the Islamic micro-finance sector and there is numbers of Islamic micro-finance products, many of these products are ignored and not studied enough.