 Now, it is the time to look at a very popular Islamic microfinance model and that is murabha based model of Islamic microfinance. This is in terms of practicality very close to conventional microfinance. However, in terms of operations we would say that this is quite different from the conventional microfinance. We mentioned that in case of mudarbha and musharaka there are similarities between Islamic microfinance and conventional microfinance in terms of provision of cash to the microfinance recipient. In case of interest based conventional microfinance the microfinance provider gives money to the recipient so is the case in case of musharaka and mudarbha based Islamic microfinance model. In case of murabha however the financier would like to do a murabha i.e. would buy merchandise from the market and would then sell the merchandise to the recipient microfinance recipient on a murabha basis and on a deferred payment basis. So, in this respect it is actually not cash based. Many industry observers think that this is a lot better than the cash based models given that there is a lot of misuse of microfinance money is being observed. These people who are in poverty need money and money could be for a variety of reasons so they can actually receive money from a microfinance provider and spend it on something else. So to curb this kind of practices it is a good idea to buy the merchandise from the market or any other income generating asset and give it to the microfinance recipient with which they could be generating some income for themselves and in terms of frequency of payment to the microfinance provider the story is quite similar to other models. So we have in this case an Islamic microfinance provider which buys 50,000 worth of merchandise and then sells this merchandise to the recipient for 60,000 for a profit. So that merchandise is then used by the recipient to generate income. In this example income is 120,000 out of which 60,000 is the cost so as per our previous discussions we find that in this particular example the recipient retains 50,000 dollars of 50,000 rupees and 5000 rupees are actually given to the Islamic microfinance provider as the monthly installment. If this continues for 12 months the Islamic microfinance provider would have received the 60,000 which was the Murabha price and this is what the microfinance provider would be looking for. Now a general point I would like to emphasize that Islamic microfinance and conventional microfinance they have helped a lot of women. Women empowerment is on the big agenda of the multilateral institutions like World Bank, IMF and other multilateral institutions and this agenda has trickled down to national governments as well. So microfinance is being used as a tool for women empowerment and this is something which Islamic Development Bank based in Jeddah has also adopted so a lot of microfinance provided by Islamic Development Bank through its national partners is actually targeting women. So women empowerment in Mali, women empowerment in Chad, women empowerment in Senegal especially the African continent this is on a very big agenda of the multilateral institutions including Islamic Development Bank. So those who are looking for bringing a social chain Islamic microfinance is an excellent tool it is an excellent tool to reduce poverty as all of us know that in Pakistan there is widespread poverty and a lot of people are financially excluded i.e. they do not have access to capital access to finance if Islamic finance targets these people and offer them affordable Islamic microfinance this could become a very good opportunity for Islamic banking and finance to grow in this country.