He added that there are lots of challenges faced by Islamic microfinance i.e. squeezed volume of organizations, lack of technical expertise and quality HR, lack of standardization of the products etc but the main hurdle is lack of funds for Islamic microfinance institutions, this is why the growth is not so constant of this influential system but It can be rectified with venture capital, Social Sukuk, Centralized Zakat System, revitalization of Waqf concept, Islamic banking charity to be used in Islamic microfinance, Crowed funding platform and create liaison between Islamic banking and Islamic microfinance Institutions.
He said it is quite wrong thinking that Islamic microfinance is a complicated financial product; actually It can easily be implemented in any country in any type of Islamic Microfinance Institutions. All Islamic microfinance products whether that is Grameen Model, Village Banking Model, Credit union model, Cooperative Model or self help group etc are all in line with models of micro-finance credit. He further added that before using Islamic microfinance in Conventional micro finance system, minor changes are to be done in the system i.e. use of Islamic microfinance products instead of interest based products, Islamic insurance (Takaful) instead of Conventional insurance, and the Shariah method of savings and investment etc.