Norhaziah Nawai2024-05-312024-05-312020-10-15eISBN : 9789674408367https://oarep.usim.edu.my/handle/123456789/183903 rd INTERNATIONAL SEMINAR ON ISLAM AND SCIENCE 2020 (SAIS 2020) COVID-19: IMPLICATION, IMPACT AND SOLUTION Date: 15 October 2020 Organized by: Persatuan Kakitangan Akademik USIM (PKAUSIM) In Collaboration with: International Halal and Fatwa Centre (iFFAH) & Fakulti Syariah dan Undang-Undang (FSU)The purpose of this study is to review the Islamic microfinance model that best suited the bottom of the wealth pyramid (B20) communities in Malaysia. Islamic microfinance products and services that are friendly to the B20 communities are crucial to ensure they are not lacking behind from the current development where everybody has access to the financial services. Most current Islamic microfinance products use debt-based financing that similar to the banking products. These products are not suitable to the B20 communities because it creates debt and burdens them to pay back the financing. Therefore, this paper reviews the potential of equity-based financing models that suit to the B20 communities. The findings reveal that equity-based financing via musharakah mutanaqisah seeing as the innovative Islamic microfinance model that suit to the B20 communities compares to debt-based financing.en-USIslamic Microfinance, B20 Communities, MalaysiaArticle10891103