Hybrid model of zakah, waqf, qard-hassan & Islamic finance for a just and sustainable microfinance
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The failure of interest based programmes, such as micro-finance and anti-poverty programmes, in assisting the destitute, eradicating poverty and reducing income inequality encouraged the authors to study in depth the alternative financial institutions to interest/riba that can solve such problems rather than harming individuals, communities, societies and countries. This raises the question of whether the different Islamic financial institutions can eradicate poverty, reduce inequalities and provide microfinance with zero-interest. The answer to this will be presented throughout this paper.
Religious institutions , Hybrid model , Interest-free , Just society
A. Mohsin, M. I., & Alhabshi, S. O.. (2016). Hybrid model of zakah, waqf, qard-hassan & Islamic finance for a just and sustainable microfinance. Sahulat, 4(1), 27-45.
Sahulat Microfinance Society