Islamic microfinance practices and challenges in Malaysia and Palestine

Islamic microfinance is relatively new compared to conventional microfinance. Accordingly, new strategies are needed to empower its establishment to prevent the replication of conventional practice. This paper aims to review current microfinance practices in Malaysia and Palestine and to find out it...

Full description

Bibliographic Details
Main Authors: Abdul Razak, Dzuljastri, Mohamad Shafi, Roslina
Format: Conference or Workshop Item
Language:English
English
Published: 2013
Subjects:
Online Access:http://irep.iium.edu.my/32058/
http://irep.iium.edu.my/32058/1/MFA_15th_Conference_-_Islamic_Microfinance_%26_Challenges__-_Dzuljastri%2C_Roslina.pdf
http://irep.iium.edu.my/32058/4/Microfinance.pdf
Description
Summary:Islamic microfinance is relatively new compared to conventional microfinance. Accordingly, new strategies are needed to empower its establishment to prevent the replication of conventional practice. This paper aims to review current microfinance practices in Malaysia and Palestine and to find out its critiques in addressing the needs of the micro entrepreneurs. Furthermore, this paper will also discuss on the characteristics of the Islamic microfinance. It concludes with some solutions to solve the dispute. Keywords: Islamic microfinance, Malaysia, Palestine, critiques and challenges