The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan

This research study deals with the perceptions of bankers and regulators on the issues and challenges concerning the implementation of Islamic microfinance in Pakistan; and the adoption of an appropriate instrument to Islamic microfinance for poverty alleviation as an alternative to the conventional...

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Main Authors:	Abbas, Kausar, Abdul Razak, Dzuljastri
Format:	Conference or Workshop Item
Language:	English English
Published:	2013
Subjects:	HG3691 Credit
Online Access:	http://irep.iium.edu.my/29599/ http://irep.iium.edu.my/29599/1/Dzuljastri_latest_ICIE2013-175.pdf http://irep.iium.edu.my/29599/4/Islamic_Economics.pdf

id	iium-29599
recordtype	eprints
spelling	iium-295992013-04-10T00:53:56Z http://irep.iium.edu.my/29599/ The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan Abbas, Kausar Abdul Razak, Dzuljastri HG3691 Credit This research study deals with the perceptions of bankers and regulators on the issues and challenges concerning the implementation of Islamic microfinance in Pakistan; and the adoption of an appropriate instrument to Islamic microfinance for poverty alleviation as an alternative to the conventional model of microfinance. The study adopted the methodology of questionnaire survey. Five full-fledged Islamic banks of Pakistan were used in the study. A total of 100 people were surveyed by means of self- administered questionnaire and the response rate was 50 %. Three of the sample banks were selected from Islamabad and two banks from Lahore because of the well-established banks in these two cities of Pakistan. The findings are divided into four sections: Function of Islamic microfinance in poverty alleviation, Islamic microfinance’s contribution to community, Islamic bank’s approach towards Islamic microfinance and Challenges for Islamic microfinance. In general, the Islamic bankers agreed that Islamic banks should offer Islamic microfinance and treat it separately from other products. Generally, both top and middle management agreed that Murabahah, Dimishing musharakah and Ijarah are most applicable models for Islamic microfinance schemes to the potential micro-entrepreneurs. Therefore, the findings could provide insights to Islamic banks in diversifying their products by offering Islamic microfinance to the poor but with proper guidelines and policies. Key words: Bankers’ perceptions, Islamic microfinance, challenges, poverty, Pakistan. 2013-01-29 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/29599/1/Dzuljastri_latest_ICIE2013-175.pdf application/pdf en http://irep.iium.edu.my/29599/4/Islamic_Economics.pdf Abbas, Kausar and Abdul Razak, Dzuljastri (2013) The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan. In: 2nd International Conference on Islamic Economics and Economies of the OIC Countries, 29-30 Jan 2013, Prince Hotel and Residences Kualal Lumpur. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG3691 Credit
spellingShingle	HG3691 Credit Abbas, Kausar Abdul Razak, Dzuljastri The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan
description	This research study deals with the perceptions of bankers and regulators on the issues and challenges concerning the implementation of Islamic microfinance in Pakistan; and the adoption of an appropriate instrument to Islamic microfinance for poverty alleviation as an alternative to the conventional model of microfinance. The study adopted the methodology of questionnaire survey. Five full-fledged Islamic banks of Pakistan were used in the study. A total of 100 people were surveyed by means of self- administered questionnaire and the response rate was 50 %. Three of the sample banks were selected from Islamabad and two banks from Lahore because of the well-established banks in these two cities of Pakistan. The findings are divided into four sections: Function of Islamic microfinance in poverty alleviation, Islamic microfinance’s contribution to community, Islamic bank’s approach towards Islamic microfinance and Challenges for Islamic microfinance. In general, the Islamic bankers agreed that Islamic banks should offer Islamic microfinance and treat it separately from other products. Generally, both top and middle management agreed that Murabahah, Dimishing musharakah and Ijarah are most applicable models for Islamic microfinance schemes to the potential micro-entrepreneurs. Therefore, the findings could provide insights to Islamic banks in diversifying their products by offering Islamic microfinance to the poor but with proper guidelines and policies. Key words: Bankers’ perceptions, Islamic microfinance, challenges, poverty, Pakistan.
format	Conference or Workshop Item
author	Abbas, Kausar Abdul Razak, Dzuljastri
author_facet	Abbas, Kausar Abdul Razak, Dzuljastri
author_sort	Abbas, Kausar
title	The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan
title_short	The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan
title_full	The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan
title_fullStr	The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan
title_full_unstemmed	The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan
title_sort	perceptions of bankers and regulators on islamic microfinance: a case study of pakistan
publishDate	2013
url	http://irep.iium.edu.my/29599/ http://irep.iium.edu.my/29599/1/Dzuljastri_latest_ICIE2013-175.pdf http://irep.iium.edu.my/29599/4/Islamic_Economics.pdf
first_indexed	2023-09-18T20:43:28Z
last_indexed	2023-09-18T20:43:28Z
_version_	1777409519367749632

The perceptions of bankers and regulators on Islamic microfinance: A case study of Pakistan

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