Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania

The primary objective of this paper was to assess the financial sustainability of Islamic SACCOS in the Tanzanian context. Hence, to determine a five-year financial trend and factors affecting Islamic SACCOS financial sustainability. The dataset used in this study comes from four SACCOS audited fina...

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Main Authors:	Said, Mariam Swalehe, Annuar, Hairul Azlan, Hamdan, Hamdino
Format:	Conference or Workshop Item
Language:	English
Published:	2018
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/68479/ http://irep.iium.edu.my/68479/6/68479_Financial%20Sustainability%20of%20Islamic%20Saving%2C%20Credit%20Cooperative_complete.pdf

id	iium-68479
recordtype	eprints
spelling	iium-684792019-01-03T02:50:47Z http://irep.iium.edu.my/68479/ Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania Said, Mariam Swalehe Annuar, Hairul Azlan Hamdan, Hamdino HG3368 Islamic Banking and Finance The primary objective of this paper was to assess the financial sustainability of Islamic SACCOS in the Tanzanian context. Hence, to determine a five-year financial trend and factors affecting Islamic SACCOS financial sustainability. The dataset used in this study comes from four SACCOS audited financial reports from the year 2010 to 2014 as well as from interviews with SACCOS’s management. The study found that the IMFIs in Tanzania are not financially sustainable. Additionally, having responsible staff members, regular review of financial guidelines, staff training, and education to members are found to be highly contributing factors towards SACCOS's financial sustainability. Moreover, the findings reveal that depending on the single source of income, i.e., charges on members contributed much in these SACCOS’s not being financially sustainable. Based on these findings, the authors recommend that Islamic SACCOS needs to initiate productive projects that can enable them to have other income sources apart from charges on members. 2018-10 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/68479/6/68479_Financial%20Sustainability%20of%20Islamic%20Saving%2C%20Credit%20Cooperative_complete.pdf Said, Mariam Swalehe and Annuar, Hairul Azlan and Hamdan, Hamdino (2018) Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania. In: International Conference on Religious, Culture, and Governance in the contemporary world (ICRCG 2018), 3 - 4 October 2018, International Islamic University Malaysia (IIUM), Gombak Campus, Kuala Lumpur. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Said, Mariam Swalehe Annuar, Hairul Azlan Hamdan, Hamdino Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania
description	The primary objective of this paper was to assess the financial sustainability of Islamic SACCOS in the Tanzanian context. Hence, to determine a five-year financial trend and factors affecting Islamic SACCOS financial sustainability. The dataset used in this study comes from four SACCOS audited financial reports from the year 2010 to 2014 as well as from interviews with SACCOS’s management. The study found that the IMFIs in Tanzania are not financially sustainable. Additionally, having responsible staff members, regular review of financial guidelines, staff training, and education to members are found to be highly contributing factors towards SACCOS's financial sustainability. Moreover, the findings reveal that depending on the single source of income, i.e., charges on members contributed much in these SACCOS’s not being financially sustainable. Based on these findings, the authors recommend that Islamic SACCOS needs to initiate productive projects that can enable them to have other income sources apart from charges on members.
format	Conference or Workshop Item
author	Said, Mariam Swalehe Annuar, Hairul Azlan Hamdan, Hamdino
author_facet	Said, Mariam Swalehe Annuar, Hairul Azlan Hamdan, Hamdino
author_sort	Said, Mariam Swalehe
title	Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania
title_short	Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania
title_full	Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania
title_fullStr	Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania
title_full_unstemmed	Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania
title_sort	financial sustainability of islamic saving, credit cooperative society (saccos) in tanzania
publishDate	2018
url	http://irep.iium.edu.my/68479/ http://irep.iium.edu.my/68479/6/68479_Financial%20Sustainability%20of%20Islamic%20Saving%2C%20Credit%20Cooperative_complete.pdf
first_indexed	2023-09-18T21:37:12Z
last_indexed	2023-09-18T21:37:12Z
_version_	1777412899696803840

Financial sustainability of Islamic saving, credit cooperative society (SACCOS) in Tanzania

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