Islamic microfinance in Malaysia: issues and challenges

In many countries, microfinance has been proven to be an effective tool to ena-ble the low income segment of the society to borrow and kick start small busi-nesses. There are three important microfinance institutions in Malaysia, namely Amanah Ikhtiar Malaysia (AIM), Yayasan Usaha Maju (YUM) and Tab...

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Main Authors:	Kassim, Salina, Kassim, Siti Nadhirah, Othman, Nadhrah
Format:	Conference or Workshop Item
Language:	English English
Published:	2018
Subjects:	H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/65088/ http://irep.iium.edu.my/65088/ http://irep.iium.edu.my/65088/1/Paper%202%20ICoFA_2017.pdf http://irep.iium.edu.my/65088/7/65088_Islamic%20Microfinance%20in%20Malaysia-tentative.pdf

id	iium-65088
recordtype	eprints
spelling	iium-650882018-08-16T03:55:23Z http://irep.iium.edu.my/65088/ Islamic microfinance in Malaysia: issues and challenges Kassim, Salina Kassim, Siti Nadhirah Othman, Nadhrah H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance In many countries, microfinance has been proven to be an effective tool to ena-ble the low income segment of the society to borrow and kick start small busi-nesses. There are three important microfinance institutions in Malaysia, namely Amanah Ikhtiar Malaysia (AIM), Yayasan Usaha Maju (YUM) and Tabung Ekonomi Kumpulan Usahawan Niaga (TEKUN). In accordance to Islamic law, any element of usury must be avoided entirely in economic transactions, hence resulting in the imposition of management fees on the borrowers instead of inter-est. This paper seeks to study the issues and challenges faced by Islamic micro-finance institutions in the Malaysian context. 2018 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/65088/1/Paper%202%20ICoFA_2017.pdf application/pdf en http://irep.iium.edu.my/65088/7/65088_Islamic%20Microfinance%20in%20Malaysia-tentative.pdf Kassim, Salina and Kassim, Siti Nadhirah and Othman, Nadhrah (2018) Islamic microfinance in Malaysia: issues and challenges. In: The Second International Conference on the Future of ASEAN (ICoFA 2017), 15th-16th Aug. 2017, Arau, Perlis. (Unpublished) https://www.springer.com/gp/book/9789811087295#aboutAuthors
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) HG Finance HG3368 Islamic Banking and Finance
spellingShingle	H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance Kassim, Salina Kassim, Siti Nadhirah Othman, Nadhrah Islamic microfinance in Malaysia: issues and challenges
description	In many countries, microfinance has been proven to be an effective tool to ena-ble the low income segment of the society to borrow and kick start small busi-nesses. There are three important microfinance institutions in Malaysia, namely Amanah Ikhtiar Malaysia (AIM), Yayasan Usaha Maju (YUM) and Tabung Ekonomi Kumpulan Usahawan Niaga (TEKUN). In accordance to Islamic law, any element of usury must be avoided entirely in economic transactions, hence resulting in the imposition of management fees on the borrowers instead of inter-est. This paper seeks to study the issues and challenges faced by Islamic micro-finance institutions in the Malaysian context.
format	Conference or Workshop Item
author	Kassim, Salina Kassim, Siti Nadhirah Othman, Nadhrah
author_facet	Kassim, Salina Kassim, Siti Nadhirah Othman, Nadhrah
author_sort	Kassim, Salina
title	Islamic microfinance in Malaysia: issues and challenges
title_short	Islamic microfinance in Malaysia: issues and challenges
title_full	Islamic microfinance in Malaysia: issues and challenges
title_fullStr	Islamic microfinance in Malaysia: issues and challenges
title_full_unstemmed	Islamic microfinance in Malaysia: issues and challenges
title_sort	islamic microfinance in malaysia: issues and challenges
publishDate	2018
url	http://irep.iium.edu.my/65088/ http://irep.iium.edu.my/65088/ http://irep.iium.edu.my/65088/1/Paper%202%20ICoFA_2017.pdf http://irep.iium.edu.my/65088/7/65088_Islamic%20Microfinance%20in%20Malaysia-tentative.pdf
first_indexed	2023-09-18T21:32:20Z
last_indexed	2023-09-18T21:32:20Z
_version_	1777412594348326912

Islamic microfinance in Malaysia: issues and challenges

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