Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries

Poverty dominates the agenda of developing countries. Poverty was and still is one of the major impediments of human progress and societal development. Its existence is as old as human history while its alleviation is attributed to effective and successfull economic policies. Various approaches/po...

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Main Authors:	Haneef, Mohamed Aslam, Pramanik, Ataul Huq, Mohammed, Mustafa Omar, Muhammad, Aliyu Dahiru
Format:	Article
Language:	English English
Published:	IDOSI Publications 2014
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/1/IWIMM_MEJSR_19-2%282014%29.pdf http://irep.iium.edu.my/41756/4/41756_Integrated%20waqf%20based%20islamic%20microfinance.SCOPUSpdf.pdf

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spelling	iium-417562017-09-20T02:04:35Z http://irep.iium.edu.my/41756/ Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru H Social Sciences (General) Poverty dominates the agenda of developing countries. Poverty was and still is one of the major impediments of human progress and societal development. Its existence is as old as human history while its alleviation is attributed to effective and successfull economic policies. Various approaches/policies are offered towards reducing poverty. These policies vary depending on time, space and the country concernced. However, reduction of poverty the major goal of many economic systems as stated by the Millenium Development Goals, thought sometimes not explicitly stated It was found that in OIC member countries religious and cultural norms drive preference of Islamic microfinance over conventional microfinance.The study further developed an Integrated waqf based Islamic micrfinance model (IWIMM) for poverty reduction in OIC memebr countries.This is expected to overcome the challenges of conventional microfinance such as, high cost of capital, low quality of human resource, vulnerabilites of poor borrowers due to lack of sustainable takaful and limited products for the clients with different occupationanl backgrounds. However, the model is yet to be verified empirically. Thus, further studies should be conducted to test the model using quantitative techniques such as, structural equation modelling (SEM). IDOSI Publications 2014 Article PeerReviewed application/pdf en http://irep.iium.edu.my/41756/1/IWIMM_MEJSR_19-2%282014%29.pdf application/pdf en http://irep.iium.edu.my/41756/4/41756_Integrated%20waqf%20based%20islamic%20microfinance.SCOPUSpdf.pdf Haneef, Mohamed Aslam and Pramanik, Ataul Huq and Mohammed, Mustafa Omar and Muhammad, Aliyu Dahiru (2014) Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries. Middle-East Journal of Scientific Research, 19 (2). pp. 286-298. ISSN 1990-9233 http://www.idosi.org/mejsr/mejsr19%282%2914/20.pdf 10.5829/idosi.mejsr.2014.19.2.12565
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries
description	Poverty dominates the agenda of developing countries. Poverty was and still is one of the major impediments of human progress and societal development. Its existence is as old as human history while its alleviation is attributed to effective and successfull economic policies. Various approaches/policies are offered towards reducing poverty. These policies vary depending on time, space and the country concernced. However, reduction of poverty the major goal of many economic systems as stated by the Millenium Development Goals, thought sometimes not explicitly stated It was found that in OIC member countries religious and cultural norms drive preference of Islamic microfinance over conventional microfinance.The study further developed an Integrated waqf based Islamic micrfinance model (IWIMM) for poverty reduction in OIC memebr countries.This is expected to overcome the challenges of conventional microfinance such as, high cost of capital, low quality of human resource, vulnerabilites of poor borrowers due to lack of sustainable takaful and limited products for the clients with different occupationanl backgrounds. However, the model is yet to be verified empirically. Thus, further studies should be conducted to test the model using quantitative techniques such as, structural equation modelling (SEM).
format	Article
author	Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru
author_facet	Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru
author_sort	Haneef, Mohamed Aslam
title	Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries
title_short	Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries
title_full	Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries
title_fullStr	Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries
title_full_unstemmed	Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries
title_sort	integrated waqf based islamic microfinance model (iwimm) for poverty alleviation in oic member countries
publisher	IDOSI Publications
publishDate	2014
url	http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/1/IWIMM_MEJSR_19-2%282014%29.pdf http://irep.iium.edu.my/41756/4/41756_Integrated%20waqf%20based%20islamic%20microfinance.SCOPUSpdf.pdf
first_indexed	2023-09-18T20:59:42Z
last_indexed	2023-09-18T20:59:42Z
_version_	1777410541141098496

Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries

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