The outlook for the global economy has also improved, and this synchronicity might lead to further positive reinforcement effects for the European economy. One cannot exclude the possibility of a slowdown in recovery, but I think that the risks of an L-shaped or a W-shaped development have decreased.
This, coupled with its inherent checks on end use of the funds provided by microfinance institutions, the outlook for growth and development of Islamic microfinance in Pakistan is positive. Similarly for an agro-based economy like ours, there is huge potential for development of Shariah Based Agriculture financing.