Lukenya University has become the first university globally to implement an interest-free student loan system using commitment pooling and multilateral clearing, inspired by Islamic Waqf finance and ancient reciprocal labor traditions, providing a sustainable, community-based alternative to conventional student loans.
Articles by AbdulHakim Maina Ph.D.
Building Resilient Communities with Shariah-compliant Endowments
The Resilient Community Endowments Model utilizes Shariah-compliant endowments to offer interest-free shopkeeper credit, enhancing financial resilience and community solidarity among low-income households in rural areas by leveraging community commitment pools and revolving lines of credit as common pooled resources.
