A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia

Poverty is a complex, multi-dimensional phenomena that has captured the attention of numerous scholars and agencies globally including OIC member countries. In order to address this alarming poverty problem, some of the OIC countries have adopted the institution of microfinance as a solution, includ...

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Main Authors:	Mohd Thas Thaker, Mohamed Asmy, Mohd Thas Thaker, Hassanudin, Allah Pitchay, Anwar
Format:	Conference or Workshop Item
Language:	English
Published:	International Research Centre of Islamic Economics and Finance(IRCIEF), Kolej Universiti Islam Antarabangsa Selangor (KUIS) 2018
Subjects:	BP173.75 Islam and economics H Social Sciences (General) HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam
Online Access:	http://irep.iium.edu.my/67047/ http://irep.iium.edu.my/67047/ http://irep.iium.edu.my/67047/1/67047_A%20Proposed%20Integrated%20Islamic%20Crowdfunding.pdf

id	iium-67047
recordtype	eprints
spelling	iium-670472018-10-29T01:19:36Z http://irep.iium.edu.my/67047/ A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar BP173.75 Islam and economics H Social Sciences (General) HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam Poverty is a complex, multi-dimensional phenomena that has captured the attention of numerous scholars and agencies globally including OIC member countries. In order to address this alarming poverty problem, some of the OIC countries have adopted the institution of microfinance as a solution, including in Indonesia. In spite of its expansion, microfinance continues to face the problem of accessing affordable financing. Hence, this paper aims to attempt to offer a viable alternative model of source of financing which is known as Integrated Islamic Crowdfunding- Microfinance (IICM) model for microfinance clients in Indonesia. In order to achieve this objective, literature on the issues of accessing to finance faced by microfinance clients and crowdfunding are reviewed critically and used in the attempt of proposing an alternative model. The proposed model will assist microfinance institutions and clients of Indonesia in identifying sustainable financing source and a viable alternative model for poverty alleviation. Through this, Indonesia will play a leading role among the Muslim countries with the noble idea of Islamic crowdfunding and microfinance in poverty alleviation agenda. It enables policy makers to plan more effective plans/strategies to enhance the potential of Islamic crowdfunding among the Muslim countries in addressing issue of poverty in general. International Research Centre of Islamic Economics and Finance(IRCIEF), Kolej Universiti Islam Antarabangsa Selangor (KUIS) 2018-10-24 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/67047/1/67047_A%20Proposed%20Integrated%20Islamic%20Crowdfunding.pdf Mohd Thas Thaker, Mohamed Asmy and Mohd Thas Thaker, Hassanudin and Allah Pitchay, Anwar (2018) A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia. In: The 1st Global Conference on Islamic Economics and Finance (GCIEF 2018), 24th-25th Oct. 2018, Kuala Lumpur. https://ircief.org.my/gcief2018/wp-content/uploads/2018/10/9.-A-Proposed-Integrated-Islamic-Crowdfunding-Microfinance-Iicm-Model-For-Poverty-Reduction-A-Case-Study-Of-Indonesia.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 H Social Sciences (General) HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam
spellingShingle	BP173.75 Islam and economics H Social Sciences (General) HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia
description	Poverty is a complex, multi-dimensional phenomena that has captured the attention of numerous scholars and agencies globally including OIC member countries. In order to address this alarming poverty problem, some of the OIC countries have adopted the institution of microfinance as a solution, including in Indonesia. In spite of its expansion, microfinance continues to face the problem of accessing affordable financing. Hence, this paper aims to attempt to offer a viable alternative model of source of financing which is known as Integrated Islamic Crowdfunding- Microfinance (IICM) model for microfinance clients in Indonesia. In order to achieve this objective, literature on the issues of accessing to finance faced by microfinance clients and crowdfunding are reviewed critically and used in the attempt of proposing an alternative model. The proposed model will assist microfinance institutions and clients of Indonesia in identifying sustainable financing source and a viable alternative model for poverty alleviation. Through this, Indonesia will play a leading role among the Muslim countries with the noble idea of Islamic crowdfunding and microfinance in poverty alleviation agenda. It enables policy makers to plan more effective plans/strategies to enhance the potential of Islamic crowdfunding among the Muslim countries in addressing issue of poverty in general.
format	Conference or Workshop Item
author	Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar
author_facet	Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar
author_sort	Mohd Thas Thaker, Mohamed Asmy
title	A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia
title_short	A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia
title_full	A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia
title_fullStr	A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia
title_full_unstemmed	A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia
title_sort	proposed integrated islamic crowdfunding - microfinance (iicm) model for poverty reduction: a case study of indonesia
publisher	International Research Centre of Islamic Economics and Finance(IRCIEF), Kolej Universiti Islam Antarabangsa Selangor (KUIS)
publishDate	2018
url	http://irep.iium.edu.my/67047/ http://irep.iium.edu.my/67047/ http://irep.iium.edu.my/67047/1/67047_A%20Proposed%20Integrated%20Islamic%20Crowdfunding.pdf
first_indexed	2023-09-18T21:35:11Z
last_indexed	2023-09-18T21:35:11Z
_version_	1777412773286772736

A proposed integrated Islamic crowdfunding - microfinance (IICM) model for poverty reduction: a case study of Indonesia

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