IFSB adds financial inclusion to Islamic banking's to-do list

April 14, 2015 7:57 AM

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April 14 (Reuters) - The Islamic Financial Services Board (IFSB) is adding financial inclusion to the industry's to-do list, launching initiatives aimed at widening the reach of sharia-compliant banking to include poorer people.

After years of rapid growth, Islamic finance is under pressure from some scholars to build stronger credentials for social responsibility. One criticism is that it has neglected farmers, small traders and poor households.

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