Social Collateral Model for Islamic Microfinance
نویسندگان
چکیده
منابع مشابه
Social Collateral and Repayment Performance: Evidence from Islamic Micro Finance
I n this study we designed to test the remarkable repayment performance of Akhuwat in Pakistan; the most successful Islamic Microfinance Institution (IMFI), which offers interest-free loans in order to improve the quality of life and alleviate poverty. The model of Akhuwat is based on Muakhaat (brotherhood) and Qard-e-Hasan (offering financial assi...
متن کاملIslamic Microfinance: An Emerging Market Niche
Muslim-majority countries do not use formal financial services (Honohon 2007).1 Even when financial services are available, some people view conventional products as incompatible with the financial principles set forth in Islamic law. In recent years, some microfinance institutions (MFIs) have stepped in to service low-income Muslim clients who demand products consistent with Islamic financial ...
متن کاملFinancing Microenterprises: Creating a Potential Value-Based Hybrid Model for Islamic Microfinance
The main purpose of this paper is to examine the relevance of Islamic microfinance in the light of ongoing erosion of confidence in the viability of current financial system, full of speculatory finance in the prevailing global financial market. For example, the sub-prime crisis of 2007-2008 in the US with its effects all over the world was mainly due to the inadequate market discipline which i...
متن کاملIslamic Microfinance Theory, Policy and Practice
exclusive property of Islamic Relief Worldwide. This material may be freely reproduced and otherwise utilised for non-commercial purposes if this publication is correctly and clearly identified as such. You may not alter, transform or build upon this work. No part of this material may be reproduced in any material form (including photocopying) for purposes other than non-commercial purposes wit...
متن کاملSocial and financial efficiency of Islamic microfinance institutions: A Data Envelopment Analysis application
Microfinance has been developed as alternative solution for global poverty alleviation effort in the last 30 years. Microfinance institution (MFI) has unique characteristic wherein they face double bottom line objectives of outreach to the poor and financial sustainability. This study proposes a two-stage analysis to measure Islamic Microfinance institutions (IMFIs) performance by comparing the...
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ژورنال
عنوان ژورنال: The Journal of Developing Areas
سال: 2015
ISSN: 1548-2278
DOI: 10.1353/jda.2015.0068