Browsing by Topic Islamic microfinance

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 10 of 26
  • item.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2017)

  • Microfinance is a new concept in the Maldives. In 2015, the first Islamic microfinance scheme was introduced under the name of �FaseyhaMadadhu� with assistance from Islamic Development Bank. The products developed under this scheme were unique as it was shaped by looking at local needs. This paper will discuss these products and the features of it. It is hard to find literature about the subject matter as this is a newly introduced scheme and the first-hand experience of the author in structuring and implementing the scheme has been relied extensively. It is anticipated that the outcome of this paper will pave the way for those jurisdictions that aim to introduce Islamic microfinance<...

  • item.jpg
  • Master


  • Authors: Hussain, Siti Noorbaini (2018)

  • Amanah Ikhtiar Malaysia or history of AIM is closely linked to the establishment of Grameen Bank. It all began when Prof. Dr Muhammad Yunus, Economic lecturer at Chittagong University of Bangladesh conducted a study in 1976 with a sample of poor community that rarely engage in the banking world. From his study, these poor people are not able to improve their standard of living due to lack of capital. Therefore, Prof. Yunus suggests that capital injection is a basic human right and shall be given to the poor people in helping them to improve their social and economic welfares ...

  • item.jpg
  • Master


  • Authors: Furniturewala, Faizan Shakeel (2016)

  • Islamic microfinance provides an alternative model for a significant number of underprivileged people who are not served by conventional microfinance. In order to give access to sustainable services to a greater extent, the Islamic microfinance is in paramount need of the adoption of innovative business models and sound practices into the industry. To this end, the research seeks to provide theoretical basis, operational framework, and empirical support for the establishment of Islamic microfinance institutions ...

  • corporate_waqf_vehicle_islamic_microfinance_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Ever since the 1970s, microfinance has become one of the schemes for poverty eradication and economic redevelopment strategies around the world. The main objective of this microfinance scheme is to eradicate poverty through financing the unemployed or low-income individuals or groups who are usually outside the formal banking system. Later on after the 1970s, millions of people from different countries, including Muslim countries, were accessing services from formal and semi-formal microfinance institutions (MFIs). All of a sudden, it has become a vast global industry involving a large number of governments, financial institutions and non-governmental organizations (NGOs) aiming to er...

  • Phd_The_determinants_of_mission_drift_in_microfinance_and_threshold_of_outreach_financial_stability_Ashraful_Mobin.pdf.jpg
  • PhD


  • Authors: Mobin, Mohammad Ashraful (2017)

  • The microfinance industry can reach the poor in large scale and yet attain profitability. To maintain these two objectives which is known as double bottom line, microfinance institutions (MFIs) have to find the right balance between financial sustainability and social performance. However, there have been considerable debates on whether the goals of the double bottom line have been compromised. It is argued that to attain profitability, MFIs have allegedly shifted away from its mandate of serving the poorest borrowers in pursuit of financial sustainability. This phenomenon is described as "mission drift" ...

  • the_impact_of_Islamic_microfinance_in_enhancing_the_well_being_and_quality_of_life_shaikh.pdf.jpg
  • Journal Article


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper well-being and quality of life, the advancement of individual's physical and mental aspect can be assured. This balanced individual will form a stable family unit and later on contribute to a dynamic community in a bigger social entity. However, in order to enhance both physical well-being (PWB) and social well-being (SWB) as well as to attain a good quality of life (QoL), a social disease called poverty must be eliminated. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in enhancing the partic...

  • inclusion of islamic social financial institutions_magda et al.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah; Alhabshi, Syed Othman; Seyed Sadr, Seyed Kazem (2017)

  • The hard core poor are neither bankable nor covered against risks. Whilst micro-finance seems to solve financial inclusion for this group to some extent, albeit at very high costs, very little have been done to provide sufficient cover against risks of all sorts for this group. Some attempts at developing micro-takaful are actually in the pipeline, however, very little concrete and practical solutions have emerged so far. It is of course well-known that Islamic Social Financial Institutions (ISFI), namely zakah, waqf, infaq and qard-hassan are meant to directly benefit the less fortunate in society, but little has been done to ensure that they directly benefit from these institutions....

  • Islamic_microfinance_scheme_Maldives_faseyhamadadhu_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • Though there are seven commercial banks operating in the country, there is no financial institution that is specialized in Islamic microfinance. However, funds received as foreign aid have been disbursed through the Bank of Maldives (BoM), the national bank as it is required by law to disburse such funds through a bank. The starting point that led to the formal existence of microfinance in the country is the enactment of the Small and Medium Enterprises (SME) Act (Law No. 6/2013) in 2013. The objective of this law was to help reduce poverty and related vulnerabilities as well as making the sector broad-based, innovative, resilient and internationally competitive. The enactment of this...

  • islamic_microfinance_catalysing_change_inclusive_growth_syed_othman.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2015)

  • Poverty has plagued mankind of all ages. In most developing countries including those in Asia, Africa and Latin America, more than 40 percent of the population lack some basic need or other. In some countries, the poverty level is much higher than the 40% threshold. Poverty is as serious even in the rich Middle East countries. Poverty exists even in advanced economies such as USA, Europe

  • islamisation_microfinance_case_study_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath (2011)

  • Maldives is a hundred per cent Muslim country that lies in the heart of the Indian Ocean. It has a unique geography consisted on 1,190 islands forming 26 natural atolls spreading over 900 square kilometer. The population of the country is just around 300,000. Maldives is ranked 100 out of 178 countries on the Human Development Index, and is classified as a country with medium human development. The biggest economic challenge in Maldives is to distribute the income evenly to all parts of the nation. It is, thus, difficult to develop all the inhabited Islands scattered across the archipelago due to lack of transportation facilities. The capital of Maldives, Male is the only island that ...

Browsing by Topic Islamic microfinance

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 10 of 26
  • item.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2017)

  • Microfinance is a new concept in the Maldives. In 2015, the first Islamic microfinance scheme was introduced under the name of �FaseyhaMadadhu� with assistance from Islamic Development Bank. The products developed under this scheme were unique as it was shaped by looking at local needs. This paper will discuss these products and the features of it. It is hard to find literature about the subject matter as this is a newly introduced scheme and the first-hand experience of the author in structuring and implementing the scheme has been relied extensively. It is anticipated that the outcome of this paper will pave the way for those jurisdictions that aim to introduce Islamic microfinance<...

  • item.jpg
  • Master


  • Authors: Hussain, Siti Noorbaini (2018)

  • Amanah Ikhtiar Malaysia or history of AIM is closely linked to the establishment of Grameen Bank. It all began when Prof. Dr Muhammad Yunus, Economic lecturer at Chittagong University of Bangladesh conducted a study in 1976 with a sample of poor community that rarely engage in the banking world. From his study, these poor people are not able to improve their standard of living due to lack of capital. Therefore, Prof. Yunus suggests that capital injection is a basic human right and shall be given to the poor people in helping them to improve their social and economic welfares ...

  • item.jpg
  • Master


  • Authors: Furniturewala, Faizan Shakeel (2016)

  • Islamic microfinance provides an alternative model for a significant number of underprivileged people who are not served by conventional microfinance. In order to give access to sustainable services to a greater extent, the Islamic microfinance is in paramount need of the adoption of innovative business models and sound practices into the industry. To this end, the research seeks to provide theoretical basis, operational framework, and empirical support for the establishment of Islamic microfinance institutions ...

  • corporate_waqf_vehicle_islamic_microfinance_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Ever since the 1970s, microfinance has become one of the schemes for poverty eradication and economic redevelopment strategies around the world. The main objective of this microfinance scheme is to eradicate poverty through financing the unemployed or low-income individuals or groups who are usually outside the formal banking system. Later on after the 1970s, millions of people from different countries, including Muslim countries, were accessing services from formal and semi-formal microfinance institutions (MFIs). All of a sudden, it has become a vast global industry involving a large number of governments, financial institutions and non-governmental organizations (NGOs) aiming to er...

  • Phd_The_determinants_of_mission_drift_in_microfinance_and_threshold_of_outreach_financial_stability_Ashraful_Mobin.pdf.jpg
  • PhD


  • Authors: Mobin, Mohammad Ashraful (2017)

  • The microfinance industry can reach the poor in large scale and yet attain profitability. To maintain these two objectives which is known as double bottom line, microfinance institutions (MFIs) have to find the right balance between financial sustainability and social performance. However, there have been considerable debates on whether the goals of the double bottom line have been compromised. It is argued that to attain profitability, MFIs have allegedly shifted away from its mandate of serving the poorest borrowers in pursuit of financial sustainability. This phenomenon is described as "mission drift" ...

  • the_impact_of_Islamic_microfinance_in_enhancing_the_well_being_and_quality_of_life_shaikh.pdf.jpg
  • Journal Article


  • Authors: Quraisy, Muhammad; Alhabshi, Syed Othman; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • All human beings in this world deserve a better physical and social well-being particularly the quality of life. By having proper well-being and quality of life, the advancement of individual's physical and mental aspect can be assured. This balanced individual will form a stable family unit and later on contribute to a dynamic community in a bigger social entity. However, in order to enhance both physical well-being (PWB) and social well-being (SWB) as well as to attain a good quality of life (QoL), a social disease called poverty must be eliminated. In Indonesia, Islamic Financial Cooperative which is known as Baitul Maal wat Tamwil (BMT) has been influential in enhancing the partic...

  • inclusion of islamic social financial institutions_magda et al.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah; Alhabshi, Syed Othman; Seyed Sadr, Seyed Kazem (2017)

  • The hard core poor are neither bankable nor covered against risks. Whilst micro-finance seems to solve financial inclusion for this group to some extent, albeit at very high costs, very little have been done to provide sufficient cover against risks of all sorts for this group. Some attempts at developing micro-takaful are actually in the pipeline, however, very little concrete and practical solutions have emerged so far. It is of course well-known that Islamic Social Financial Institutions (ISFI), namely zakah, waqf, infaq and qard-hassan are meant to directly benefit the less fortunate in society, but little has been done to ensure that they directly benefit from these institutions....

  • Islamic_microfinance_scheme_Maldives_faseyhamadadhu_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • Though there are seven commercial banks operating in the country, there is no financial institution that is specialized in Islamic microfinance. However, funds received as foreign aid have been disbursed through the Bank of Maldives (BoM), the national bank as it is required by law to disburse such funds through a bank. The starting point that led to the formal existence of microfinance in the country is the enactment of the Small and Medium Enterprises (SME) Act (Law No. 6/2013) in 2013. The objective of this law was to help reduce poverty and related vulnerabilities as well as making the sector broad-based, innovative, resilient and internationally competitive. The enactment of this...

  • islamic_microfinance_catalysing_change_inclusive_growth_syed_othman.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2015)

  • Poverty has plagued mankind of all ages. In most developing countries including those in Asia, Africa and Latin America, more than 40 percent of the population lack some basic need or other. In some countries, the poverty level is much higher than the 40% threshold. Poverty is as serious even in the rich Middle East countries. Poverty exists even in advanced economies such as USA, Europe

  • islamisation_microfinance_case_study_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath (2011)

  • Maldives is a hundred per cent Muslim country that lies in the heart of the Indian Ocean. It has a unique geography consisted on 1,190 islands forming 26 natural atolls spreading over 900 square kilometer. The population of the country is just around 300,000. Maldives is ranked 100 out of 178 countries on the Human Development Index, and is classified as a country with medium human development. The biggest economic challenge in Maldives is to distribute the income evenly to all parts of the nation. It is, thus, difficult to develop all the inhabited Islands scattered across the archipelago due to lack of transportation facilities. The capital of Maldives, Male is the only island that ...