Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance

The objective of this paper is to empirically examine the role of Islamic microfinance in poverty alleviation in Mogadishu, Somalia. The study basically concerns on two objectives which are; to observe the current practice of Islamic microfinance in Mogadishu, Somalia, and to investigate the effe...

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Main Authors:	Xalani, Mohamed Abdi Elmi, Che Mohd Salleh, Marhanum
Format:	Conference or Workshop Item
Language:	English
Published:	International Research Centre of Islamic Economics and Finance (IRCIEF) 2018
Subjects:	BP173.75 Islam and economics HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam
Online Access:	http://irep.iium.edu.my/55142/ http://irep.iium.edu.my/55142/ http://irep.iium.edu.my/55142/1/55142_Poverty%20Alleviation%20in%20Mogadishu.pdf

id	iium-55142
recordtype	eprints
spelling	iium-551422018-10-29T02:22:18Z http://irep.iium.edu.my/55142/ Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance Xalani, Mohamed Abdi Elmi Che Mohd Salleh, Marhanum BP173.75 Islam and economics HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam The objective of this paper is to empirically examine the role of Islamic microfinance in poverty alleviation in Mogadishu, Somalia. The study basically concerns on two objectives which are; to observe the current practice of Islamic microfinance in Mogadishu, Somalia, and to investigate the effectiveness of Islamic microfinance institutions in this country towards poverty reduction. To achieve the research objectives, quantitative methodology is adopted and primary data is relied on for analysis. Based on survey questionnaire, the sample of this research were microfinance recipients in Mogadishu, Somalia. Via descriptive analysis, it is revealed that the current practice of Islamic microfinance activities in Mogadishu, Somalia is serving the poor people, but these microfinance activities are not effective in terms of the procedure of obtaining loans, enhancement of standard living, usefulness of the system, and the awareness level of the people. In addition, the findings of this study will be beneficial for the Islamic microfinance institutions, Islamic banks who involve microfinance services, enterprises, academicians and researchers who interest in this area. International Research Centre of Islamic Economics and Finance (IRCIEF) 2018-01-09 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/55142/1/55142_Poverty%20Alleviation%20in%20Mogadishu.pdf Xalani, Mohamed Abdi Elmi and Che Mohd Salleh, Marhanum (2018) Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance. In: 1st Global Conference on Islamic Economics and Finance 2018 (GCIEF 2018), 24th-25th Oct. 2018, Kuala Lumpur. https://ircief.org.my/gcief2018/wp-content/uploads/2018/10/4.-Poverty-Alleviation-in-Mogadishu-Somalia-The-Role-of-Islamic-Microfinance.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	BP173.75 Islam and economics HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam
spellingShingle	BP173.75 Islam and economics HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam Xalani, Mohamed Abdi Elmi Che Mohd Salleh, Marhanum Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance
description	The objective of this paper is to empirically examine the role of Islamic microfinance in poverty alleviation in Mogadishu, Somalia. The study basically concerns on two objectives which are; to observe the current practice of Islamic microfinance in Mogadishu, Somalia, and to investigate the effectiveness of Islamic microfinance institutions in this country towards poverty reduction. To achieve the research objectives, quantitative methodology is adopted and primary data is relied on for analysis. Based on survey questionnaire, the sample of this research were microfinance recipients in Mogadishu, Somalia. Via descriptive analysis, it is revealed that the current practice of Islamic microfinance activities in Mogadishu, Somalia is serving the poor people, but these microfinance activities are not effective in terms of the procedure of obtaining loans, enhancement of standard living, usefulness of the system, and the awareness level of the people. In addition, the findings of this study will be beneficial for the Islamic microfinance institutions, Islamic banks who involve microfinance services, enterprises, academicians and researchers who interest in this area.
format	Conference or Workshop Item
author	Xalani, Mohamed Abdi Elmi Che Mohd Salleh, Marhanum
author_facet	Xalani, Mohamed Abdi Elmi Che Mohd Salleh, Marhanum
author_sort	Xalani, Mohamed Abdi Elmi
title	Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance
title_short	Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance
title_full	Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance
title_fullStr	Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance
title_full_unstemmed	Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance
title_sort	poverty alleviation in mogadishu, somalia: the role of islamic microfinance
publisher	International Research Centre of Islamic Economics and Finance (IRCIEF)
publishDate	2018
url	http://irep.iium.edu.my/55142/ http://irep.iium.edu.my/55142/ http://irep.iium.edu.my/55142/1/55142_Poverty%20Alleviation%20in%20Mogadishu.pdf
first_indexed	2023-09-18T21:17:57Z
last_indexed	2023-09-18T21:17:57Z
_version_	1777411689129443328

Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance

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