Original Question: Can the same shariah screnning be employed to channel investment to Islamic Microfinance industry through Islamic -MIV’s? or is there a need to develop a framework that looks at the specifics characteristics of Islamic microfinance institutions?

The same shariah screening practices in indices can also be done for individual decisions either micro-finance or any other type of financing.

The only thing that we need to have if we were to observe the maqasid is to observe the impact this microfinancing will have in terms of environment, governance and social.