Microfinance institutions must be willing to make a difference if the full benefits of microfinance and financial inclusion are to be realized. Microfinance institutions must be prepared to employ innovative delivery channels to reduce their operational costs, and thereby enhance their reach and efficiency.
BIS central bankers’ speeches  1  Similarly to further improve the Shariah compliance environment in IBIs, our Islamic Banking Department has completed industry consultations on the draft Shariah Governance framework and will soon be issuing the same.