Affordability of Islamic microfinance

Affordability of Islamic microfinance

The affordability of the microfinance, Islamic and conventional, is questionable. The review of empirical studies thus far shows that the majority of them are expensive and only some of them are cheap and successful. Only those, which have less cost, can afford to make microfinance cheap and hence n...

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Main Authors: Mohammad, Mohammad Tahir Sabit, Juanil, David Martin @ Daud, Eni, Sabariah
Format: Article
Language:English
Published: Universiti Tun Hussein Onn Maaysia (UTHM) 2018
Subjects:
HB126.4 Islamic Economics
HG3691 Credit
Online Access:http://irep.iium.edu.my/69217/
http://irep.iium.edu.my/69217/
http://irep.iium.edu.my/69217/1/69217_Affordability%20of%20Islamic%20microfinance.pdf
id iium-69217
recordtype eprints
spelling iium-692172019-07-10T03:04:08Z http://irep.iium.edu.my/69217/ Affordability of Islamic microfinance Mohammad, Mohammad Tahir Sabit Juanil, David Martin @ Daud Eni, Sabariah HB126.4 Islamic Economics HG3691 Credit The affordability of the microfinance, Islamic and conventional, is questionable. The review of empirical studies thus far shows that the majority of them are expensive and only some of them are cheap and successful. Only those, which have less cost, can afford to make microfinance cheap and hence not only affordable but also have the prospect of assisting the poor, effectively releasing them from their cycle of poverty. To make an Islamic microfinance programme cheaper, alternatives are found in the literature, and the manner in which the costs of Islamic microfinance schemes through offer of sustained grants and subsidy for the cost of capital and operational costs is proposed. Zakat and sadaqah funds are proposed for grants and subsidy while awqaf funds are proposed for loans and investment in microenterprises. Universiti Tun Hussein Onn Maaysia (UTHM) 2018-12-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69217/1/69217_Affordability%20of%20Islamic%20microfinance.pdf Mohammad, Mohammad Tahir Sabit and Juanil, David Martin @ Daud and Eni, Sabariah (2018) Affordability of Islamic microfinance. Journal of Technology Management and Business, 5 (3). pp. 43-53. ISSN 2289-7224 E-ISSN 2600-7967 http://penerbit.uthm.edu.my/ojs/index.php/jtmb/article/view/3596/1833
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HB126.4 Islamic Economics
HG3691 Credit
spellingShingle HB126.4 Islamic Economics
HG3691 Credit
Mohammad, Mohammad Tahir Sabit
Juanil, David Martin @ Daud
Eni, Sabariah
Affordability of Islamic microfinance
description The affordability of the microfinance, Islamic and conventional, is questionable. The review of empirical studies thus far shows that the majority of them are expensive and only some of them are cheap and successful. Only those, which have less cost, can afford to make microfinance cheap and hence not only affordable but also have the prospect of assisting the poor, effectively releasing them from their cycle of poverty. To make an Islamic microfinance programme cheaper, alternatives are found in the literature, and the manner in which the costs of Islamic microfinance schemes through offer of sustained grants and subsidy for the cost of capital and operational costs is proposed. Zakat and sadaqah funds are proposed for grants and subsidy while awqaf funds are proposed for loans and investment in microenterprises.
format Article
author Mohammad, Mohammad Tahir Sabit
Juanil, David Martin @ Daud
Eni, Sabariah
author_facet Mohammad, Mohammad Tahir Sabit
Juanil, David Martin @ Daud
Eni, Sabariah
author_sort Mohammad, Mohammad Tahir Sabit
title Affordability of Islamic microfinance
title_short Affordability of Islamic microfinance
title_full Affordability of Islamic microfinance
title_fullStr Affordability of Islamic microfinance
title_full_unstemmed Affordability of Islamic microfinance
title_sort affordability of islamic microfinance
publisher Universiti Tun Hussein Onn Maaysia (UTHM)
publishDate 2018
url http://irep.iium.edu.my/69217/
http://irep.iium.edu.my/69217/
http://irep.iium.edu.my/69217/1/69217_Affordability%20of%20Islamic%20microfinance.pdf
first_indexed 2023-09-18T21:38:15Z
last_indexed 2023-09-18T21:38:15Z
_version_ 1777412965898649600

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