Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance

Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance

Microfinance institutions have been established in many developing countries to solve the problem of poverty. In Muslim countries, Islamic microfinance can be a powerful tool to fight poverty if these institutions are managed in the right way. Islamic finance scholars have argued that the provision...

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Bibliographic Details
Main Authors: Md Saad, Norma, Abdul Razak, Dzuljastri
Format: Monograph
Language:English
Published: s.n 2013
Subjects:
BP1 Islam
HG Finance
Online Access:http://irep.iium.edu.my/38266/
http://irep.iium.edu.my/38266/
http://irep.iium.edu.my/38266/1/EDW_A12-538-1329.pdf
id iium-38266
recordtype eprints
spelling iium-382662015-05-14T07:37:38Z http://irep.iium.edu.my/38266/ Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance Md Saad, Norma Abdul Razak, Dzuljastri BP1 Islam HG Finance Microfinance institutions have been established in many developing countries to solve the problem of poverty. In Muslim countries, Islamic microfinance can be a powerful tool to fight poverty if these institutions are managed in the right way. Islamic finance scholars have argued that the provision of equity based financing by Islamic finance institution will facilitate toward achieving the Islamic socio-economic objectives which include social justice, economic growth, efficiency and stability. This paper illustrates that Musharakah Mutanaqsah, an equity based financing instrument, is better than debt besed financing because of its flexibility and end result in the ownership of assets on the part of the customer. The paper also highlights Musharakah Mutanaqsah as an innovative mode of financing and should be a preferred instrument of financing by Islamic microfinance institution s.n 2013-02-13 Monograph NonPeerReviewed application/pdf en http://irep.iium.edu.my/38266/1/EDW_A12-538-1329.pdf Md Saad, Norma and Abdul Razak, Dzuljastri (2013) Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance. Research Report. s.n, Kuala Lumpur. (Unpublished) EDW A12-538-1329
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic BP1 Islam
HG Finance
spellingShingle BP1 Islam
HG Finance
Md Saad, Norma
Abdul Razak, Dzuljastri
Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance
description Microfinance institutions have been established in many developing countries to solve the problem of poverty. In Muslim countries, Islamic microfinance can be a powerful tool to fight poverty if these institutions are managed in the right way. Islamic finance scholars have argued that the provision of equity based financing by Islamic finance institution will facilitate toward achieving the Islamic socio-economic objectives which include social justice, economic growth, efficiency and stability. This paper illustrates that Musharakah Mutanaqsah, an equity based financing instrument, is better than debt besed financing because of its flexibility and end result in the ownership of assets on the part of the customer. The paper also highlights Musharakah Mutanaqsah as an innovative mode of financing and should be a preferred instrument of financing by Islamic microfinance institution
format Monograph
author Md Saad, Norma
Abdul Razak, Dzuljastri
author_facet Md Saad, Norma
Abdul Razak, Dzuljastri
author_sort Md Saad, Norma
title Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance
title_short Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance
title_full Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance
title_fullStr Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance
title_full_unstemmed Towards an application of Musharakah Mutanaqisah principle in Islamic microgfinance
title_sort towards an application of musharakah mutanaqisah principle in islamic microgfinance
publisher s.n
publishDate 2013
url http://irep.iium.edu.my/38266/
http://irep.iium.edu.my/38266/
http://irep.iium.edu.my/38266/1/EDW_A12-538-1329.pdf
first_indexed 2023-09-18T20:54:58Z
last_indexed 2023-09-18T20:54:58Z
_version_ 1777410242699591680

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