Browsing by Topic Islamic microfinance

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Showing results 11 to 20 of 22
  • microfinance_poverty_eradication_islamic_perspective_magda_2012.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2012-07-01)

  • The last three decades have witnessed the emergence of many programs for ending poverty: including microfinance and poverty eradication programs. Yet according to the World Bank, poverty has been reduced only by around 10% since 1981, (excluding China, which accounts for nearly all the world’s poverty reduction), as seen in Chart 1. Moreover, the recent economic and financial crises have worsened the situation. According to the latest statistics in 2012, almost half the world (over 3 billion people) live on less than US$2.50 a day; 640 million live without adequate shelter and 925 million people suffer from hunger. This highlights the main objective of the millennium development goal...

  • item.jpg
  • PhD


  • Authors: Hassan, Salwana (2013)

  • Every human needs a good and quality life. A quality living is essential to ensure positive physical, mental as well as spiritual development in an individual. This balanced individual will form a stable family unit and later on contribute to a progressive community in a bigger social entity. A comfortable life is usually challenged by indispensable social ill called poverty. It is a global phenomenon that has challenged the economic, social and political landscape of every society in the world including Malaysia ... Available in physical copy only (Call Number: t HG 178.3 S159)

  • microfinance_nigeria_prospects_introducing_islamic_version_light_selected_muslim_countries_experience_mohammed_hasan.pdf.jpg
  • Journal Article


  • Authors: Mohammed, Aliyu Dahiru; Hasan, Zubair (2009)

  • Today widespread poverty is one of the major problems of mankind and its alleviation one of her major agendas. In recent years microfinance has emerged as an important instrument to relieve poverty in the developing countries. Today there are more than 7000 micro lending institutions providing loans to more than 25 million poor individuals across the world, their vast majority being the women. However these institutions face some serious challenges, especially in less developed countries where the proportion of people in poverty is high. The existing microfinance in Nigeria serves less than 1 million people out of 40 million being the potential number that need the service. Also, the ...

  • microfinance_through_islamic_banks_zakah_soal_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Alhabshi, Syed Othman (2015)

  • The failure of the current microfinance programmes in financing with zero interest and eradicating poverty encouraged the authors to look at a recent practice which can achieve such goals. Hence, the main objective of this paper is to present one of the Islamic approaches of microfinance which is currently practised in Sudan and which succeeded in financing with zero-interest through Islamic banks and zakah. This research used qualitative method in gaining some insight into the problem and to nd the alternative solution. To achieve this, secondary data was used by referring to annual reports, World Bank reports from relevant web sites, the central bank’s policies, published books, ar...

  • poverty_alleviation_via_microfinance_using_concept_mudharabah_aishath.pdf.jpg
  • Journal Article


  • Authors: Abdul Manap, Sarah Hanna; Siththi, Fareeda; Long, She; Muneeza, Aishath (2017)

  • Poverty has been a long outstanding crisis at global scale and poverty alleviation has become one of the primary national developmental agendas. Conventional microfinance programmes have received growing attentions due to its capability to improve standard of living and social inclusiveness. Arguably, however, these conventional microcredit programmes do not effectively alleviate poverty as the borrowers remain into an interest-base debt cycle which may worsen the financial burdens. Meanwhile, Islamic microfinance by way of Mudharabah financing is equity based financing structure which is perceived to have a fair borrower-lender agreement. It promotes an effective wealth redistributiv...

  • qard_hasan_financing_islamic_banks_seyedkazm.pdf.jpg
  • Journal Article


  • Authors: Sadr, Seyed Kazem (2014)

  • Qard hasan—commonly defined as an interest-free loan—is a benevolent economic behaviour, an outlet for the placement of savings, an instrument of finance and an institution for bona fide lending. Having such versatile attributes, it is distinguishable from other charitable financial activities such as waqf (endowments) and infaq (spending in the way of Allah) as well as other modes of finance used in Islamic financial institutions. The purpose of this paper is to present the alternative prospects of this Islamic instrument and to provide an explanation for each form of its application. Applying Tobin’s (1958) Portfolio Theorem, the paper explains why people extend loans to others with...

  • qardul_hasan_and_microfinancing.pdf.jpg
  • Chapter in Book


  • Authors: Sadr, Seyed Kazem; Torabi, Omid (2015)

  • Eight years have passed since 2005, the year that was labelled as that of micro finance by the United Nations to reflect the importance of financial inclusion of the poor and enforcement of policies that attain thic objective. The labelling of the microfinance year implied the recognition of the fact that conventional financial institutions have globally failed to include poor and vulnerable families for their financial services.

  • Religion_of_Islam_and_microfinance_ashraful_mansur_syed othman.pdf.jpg
  • Journal Article


  • Authors: Mobin, Mohammad Ashraful; Mohammed Masih, Abul Mansur; Alhabshi, Syed Othman (2017)

  • This study is the initial attempt to investigate first whether microfinance institutions (MFIs) perform differently in the OIC countries where Islam is the prevailing religion and second, how Islamic microfinance institutions are different (if any) from the conventional MFIs. To accomplish these objectives, we employ a dynamic difference and system-generalized method of moments estimators. Our findings tend to indicate that there are significant differences in the way Islamic MFIs performed and operated as compared to that of the conventional MFIs in certain regions. However, in other regions, there were no significant differences in operation and performance between the Islamic MFIs ...

  • Religiosity_and_threshold_effect_in_social_and_financial_performance_Ashraful_Syed_Othman_Abul_Mansur.pdf.jpg
  • Academic Proceeding


  • Authors: Mobin, Mohammad Ashraful; Alhabshi, Syed Othman; Mohammed Masih, Abul Mansur (2015)

  • The commercialization process and over-emphasis on sustainability apparently improve micro finance Institutions financial performance and the scale in terms of total number of borrowers and average loan size. Whether focusing on financial sustainability is necessarily at the sacrifice of serving less poor clients? Social and finance performance of MFIs depend on the belief and culture of the participant of the society? The inconsistent results of previous studies implicate that linear regressions may be insufficient to explain the sustainability-outreach linkage because of potential non-linear relationship between financial sustainability and average loan size. To solve this puzzle th...

  • IFHubEd4_risk_sharing_microfinance_solutions_ebaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Momin, Ebaad; Ahsan, Zainab (2017)

  • While most approaches to poverty alleviation and addressing unemployement are linked to the discourse on economic "growth", it is observed that populations within rapidly growing economies, such as these of China and India, are not receiving any direct benefits from the same and may not for some decades to come. Since manufacturing-led economic growth takes place in urban areas, rural areas, in particular, are typically left behind. Microfinance is one approach to this problem of unevenly distributed wealth creation. Help the rural poor directly instead of waiting for the benefits of economic growth to reach them decades later.

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 11 to 20 of 22
  • microfinance_poverty_eradication_islamic_perspective_magda_2012.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2012-07-01)

  • The last three decades have witnessed the emergence of many programs for ending poverty: including microfinance and poverty eradication programs. Yet according to the World Bank, poverty has been reduced only by around 10% since 1981, (excluding China, which accounts for nearly all the world’s poverty reduction), as seen in Chart 1. Moreover, the recent economic and financial crises have worsened the situation. According to the latest statistics in 2012, almost half the world (over 3 billion people) live on less than US$2.50 a day; 640 million live without adequate shelter and 925 million people suffer from hunger. This highlights the main objective of the millennium development goal...

  • item.jpg
  • PhD


  • Authors: Hassan, Salwana (2013)

  • Every human needs a good and quality life. A quality living is essential to ensure positive physical, mental as well as spiritual development in an individual. This balanced individual will form a stable family unit and later on contribute to a progressive community in a bigger social entity. A comfortable life is usually challenged by indispensable social ill called poverty. It is a global phenomenon that has challenged the economic, social and political landscape of every society in the world including Malaysia ... Available in physical copy only (Call Number: t HG 178.3 S159)

  • microfinance_nigeria_prospects_introducing_islamic_version_light_selected_muslim_countries_experience_mohammed_hasan.pdf.jpg
  • Journal Article


  • Authors: Mohammed, Aliyu Dahiru; Hasan, Zubair (2009)

  • Today widespread poverty is one of the major problems of mankind and its alleviation one of her major agendas. In recent years microfinance has emerged as an important instrument to relieve poverty in the developing countries. Today there are more than 7000 micro lending institutions providing loans to more than 25 million poor individuals across the world, their vast majority being the women. However these institutions face some serious challenges, especially in less developed countries where the proportion of people in poverty is high. The existing microfinance in Nigeria serves less than 1 million people out of 40 million being the potential number that need the service. Also, the ...

  • microfinance_through_islamic_banks_zakah_soal_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Alhabshi, Syed Othman (2015)

  • The failure of the current microfinance programmes in financing with zero interest and eradicating poverty encouraged the authors to look at a recent practice which can achieve such goals. Hence, the main objective of this paper is to present one of the Islamic approaches of microfinance which is currently practised in Sudan and which succeeded in financing with zero-interest through Islamic banks and zakah. This research used qualitative method in gaining some insight into the problem and to nd the alternative solution. To achieve this, secondary data was used by referring to annual reports, World Bank reports from relevant web sites, the central bank’s policies, published books, ar...

  • poverty_alleviation_via_microfinance_using_concept_mudharabah_aishath.pdf.jpg
  • Journal Article


  • Authors: Abdul Manap, Sarah Hanna; Siththi, Fareeda; Long, She; Muneeza, Aishath (2017)

  • Poverty has been a long outstanding crisis at global scale and poverty alleviation has become one of the primary national developmental agendas. Conventional microfinance programmes have received growing attentions due to its capability to improve standard of living and social inclusiveness. Arguably, however, these conventional microcredit programmes do not effectively alleviate poverty as the borrowers remain into an interest-base debt cycle which may worsen the financial burdens. Meanwhile, Islamic microfinance by way of Mudharabah financing is equity based financing structure which is perceived to have a fair borrower-lender agreement. It promotes an effective wealth redistributiv...

  • qard_hasan_financing_islamic_banks_seyedkazm.pdf.jpg
  • Journal Article


  • Authors: Sadr, Seyed Kazem (2014)

  • Qard hasan—commonly defined as an interest-free loan—is a benevolent economic behaviour, an outlet for the placement of savings, an instrument of finance and an institution for bona fide lending. Having such versatile attributes, it is distinguishable from other charitable financial activities such as waqf (endowments) and infaq (spending in the way of Allah) as well as other modes of finance used in Islamic financial institutions. The purpose of this paper is to present the alternative prospects of this Islamic instrument and to provide an explanation for each form of its application. Applying Tobin’s (1958) Portfolio Theorem, the paper explains why people extend loans to others with...

  • qardul_hasan_and_microfinancing.pdf.jpg
  • Chapter in Book


  • Authors: Sadr, Seyed Kazem; Torabi, Omid (2015)

  • Eight years have passed since 2005, the year that was labelled as that of micro finance by the United Nations to reflect the importance of financial inclusion of the poor and enforcement of policies that attain thic objective. The labelling of the microfinance year implied the recognition of the fact that conventional financial institutions have globally failed to include poor and vulnerable families for their financial services.

  • Religion_of_Islam_and_microfinance_ashraful_mansur_syed othman.pdf.jpg
  • Journal Article


  • Authors: Mobin, Mohammad Ashraful; Mohammed Masih, Abul Mansur; Alhabshi, Syed Othman (2017)

  • This study is the initial attempt to investigate first whether microfinance institutions (MFIs) perform differently in the OIC countries where Islam is the prevailing religion and second, how Islamic microfinance institutions are different (if any) from the conventional MFIs. To accomplish these objectives, we employ a dynamic difference and system-generalized method of moments estimators. Our findings tend to indicate that there are significant differences in the way Islamic MFIs performed and operated as compared to that of the conventional MFIs in certain regions. However, in other regions, there were no significant differences in operation and performance between the Islamic MFIs ...

  • Religiosity_and_threshold_effect_in_social_and_financial_performance_Ashraful_Syed_Othman_Abul_Mansur.pdf.jpg
  • Academic Proceeding


  • Authors: Mobin, Mohammad Ashraful; Alhabshi, Syed Othman; Mohammed Masih, Abul Mansur (2015)

  • The commercialization process and over-emphasis on sustainability apparently improve micro finance Institutions financial performance and the scale in terms of total number of borrowers and average loan size. Whether focusing on financial sustainability is necessarily at the sacrifice of serving less poor clients? Social and finance performance of MFIs depend on the belief and culture of the participant of the society? The inconsistent results of previous studies implicate that linear regressions may be insufficient to explain the sustainability-outreach linkage because of potential non-linear relationship between financial sustainability and average loan size. To solve this puzzle th...

  • IFHubEd4_risk_sharing_microfinance_solutions_ebaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Momin, Ebaad; Ahsan, Zainab (2017)

  • While most approaches to poverty alleviation and addressing unemployement are linked to the discourse on economic "growth", it is observed that populations within rapidly growing economies, such as these of China and India, are not receiving any direct benefits from the same and may not for some decades to come. Since manufacturing-led economic growth takes place in urban areas, rural areas, in particular, are typically left behind. Microfinance is one approach to this problem of unevenly distributed wealth creation. Help the rural poor directly instead of waiting for the benefits of economic growth to reach them decades later.