Profile 054 · published 3 August 2026
Muhammad
Yunus
Nobel Laureate. Father of Microfinance. Architect of Social Business. · Grameen Bank
محمد يونس
2 min read
Grameen Bank
Profile 054
Reviewed by the editorial board
Last check 3 August 2026
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Grameen Bank
Section
Finance
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Finance & Economics
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Dubai
02:34 GST
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In their words
“Poverty is not the natural condition of humanity it is a failure of institutions. The UAE has chosen to build.”
Muhammad Yunus · Nobel Laureate. Father of Microfinance. Architect of Social Business.
Biography
institutions that succeed." Muhammad Yunus is the father of microfinance and the recipient of the Nobel Peace Prize in 2006 for founding the Grameen Bank which has provided small loans to millions of the poorest people in Bangladesh demonstrating that the poor are creditworthy and that financial inclusion can transform lives.
## Grameen Bank And Microfinance
The Grameen Bank model providing collateral-free microloans primarily to women has been replicated in over 100 countries and is credited with lifting millions out of poverty. Yunus's proof that the poor can be trusted with credit challenged centuries of economic orthodoxy.
## Social Business And Uae Alignment
Yunus's concept of Social Business enterprises that prioritise social impact over profit has been embraced by the UAE's own social enterprise ecosystem. His engagement with UAE financial institutions on Islamic finance and microfinance models has deepened the connection between his mission and the Emirates' global development agenda. demonstration that financial inclusion is both a human right and a development imperative - a belief the UAE has translated into its global aid and financial development programmes.