Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries

Poverty is a major problem in most developing countries and majority of the governments of these countries have initiated some forms poverty alleviation programs to reduce poverty level in their respective countries. Studies have shown that microfinance is proven to be an effective tool to fight pov...

Full description

Bibliographic Details
Main Authors:	Abdul Razak, Dzuljastri, Md Saad, Norma, Abdul Rahman, Abdul Rahim
Format:	Article
Language:	English
Published:	Serials Publication 2009
Subjects:	HG3691 Credit
Online Access:	http://irep.iium.edu.my/10109/ http://irep.iium.edu.my/10109/1/Review_of_Current_Practices_of_Islamic_Microcredit.pdf

id	iium-10109
recordtype	eprints
spelling	iium-101092013-12-16T08:52:59Z http://irep.iium.edu.my/10109/ Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries Abdul Razak, Dzuljastri Md Saad, Norma Abdul Rahman, Abdul Rahim HG3691 Credit Poverty is a major problem in most developing countries and majority of the governments of these countries have initiated some forms poverty alleviation programs to reduce poverty level in their respective countries. Studies have shown that microfinance is proven to be an effective tool to fight poverty in many developing countries, including Muslim countries. This study reviews the current practices of microcredit and microfinance in several Muslim countries namely Malaysia, Bangladesh, Indonesia and Sudan. The methodology used in this research is mainly literature survey. This study finds that Islamic microfinance industry is not yet well developed in Muslim countries. Indonesia, for example, has thousands of Islamic microfinance institutions operating in this country, however, many of those institutions have still not performed well and incurred losses in their operation. This study is only a preliminary research and the findings of this study will hopefully provide focal areas for further research in the near future. Serials Publication 2009 Article PeerReviewed application/pdf en http://irep.iium.edu.my/10109/1/Review_of_Current_Practices_of_Islamic_Microcredit.pdf Abdul Razak, Dzuljastri and Md Saad, Norma and Abdul Rahman, Abdul Rahim (2009) Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries. The Global Journal of Finance and Economics, 6 (1). pp. 73-92. ISSN 0972-9496.
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG3691 Credit
spellingShingle	HG3691 Credit Abdul Razak, Dzuljastri Md Saad, Norma Abdul Rahman, Abdul Rahim Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries
description	Poverty is a major problem in most developing countries and majority of the governments of these countries have initiated some forms poverty alleviation programs to reduce poverty level in their respective countries. Studies have shown that microfinance is proven to be an effective tool to fight poverty in many developing countries, including Muslim countries. This study reviews the current practices of microcredit and microfinance in several Muslim countries namely Malaysia, Bangladesh, Indonesia and Sudan. The methodology used in this research is mainly literature survey. This study finds that Islamic microfinance industry is not yet well developed in Muslim countries. Indonesia, for example, has thousands of Islamic microfinance institutions operating in this country, however, many of those institutions have still not performed well and incurred losses in their operation. This study is only a preliminary research and the findings of this study will hopefully provide focal areas for further research in the near future.
format	Article
author	Abdul Razak, Dzuljastri Md Saad, Norma Abdul Rahman, Abdul Rahim
author_facet	Abdul Razak, Dzuljastri Md Saad, Norma Abdul Rahman, Abdul Rahim
author_sort	Abdul Razak, Dzuljastri
title	Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries
title_short	Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries
title_full	Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries
title_fullStr	Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries
title_full_unstemmed	Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries
title_sort	review of current practices of islamic microcredit and microfinancing in selected muslim countries
publisher	Serials Publication
publishDate	2009
url	http://irep.iium.edu.my/10109/ http://irep.iium.edu.my/10109/1/Review_of_Current_Practices_of_Islamic_Microcredit.pdf
first_indexed	2023-09-18T20:19:34Z
last_indexed	2023-09-18T20:19:34Z
_version_	1777408015624830976

Review of current practices of Islamic microcredit and microfinancing in selected Muslim countries

Similar Items