A 2008 study of 126 microfinance institutions in 14 Muslim countries[REF] found Islamic microfinance had a total outreach of 380,000[REF] from estimated total population of 77 million-only 0.5% "of total microfinance outreach".
(Muhammad Yunus, the founder of the Grameen Bank and microfinance banking, and other supporters of microfinance, though not part of the Islamic Banking movement, argue that the lack of collateral and lack of excessive interest in micro-lending is consistent with the Islamic prohibition of usury (riba) [REF].).