Financing Microenterprises: Creating a Potential Value-Based Hybrid Model for Islamic Microfinance

financing 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...

Financing microfinance – the ICICI Bank partnership model

March 2005 57 Bindu Ananth is a Manager at ICICI Bank. She has worked in ICICI Bank's microfinance practice for over three years and is currently the co-ordinator of the Centre for MicroFinance Research. The views presented in this paper are solely those of the author and do not in any way reflect the views of ICICI Bank. Capital constraint is an issue impeding scaling up of microfinance in Ind...

Propose a model for delivering bad news based on Iranian-Islamic culture: Hybrid study

introduction: Bad news can cause a strong emotional and steressful response, unpleasant feeling or behavior, it can change their attitude towards themselves or their futures. Given the importance of how to tell bad news to a patient or his/her family and its consequent effect, this study aims to present a solution and a model for this issue based on Islamic- Iranian culture by reviewing previou...

hybrid musharakah sukuk: an islamic financing instrument for knowledge-based companies

recently, financing knowledge-based companies as a strategic issue in iranian economy has been considered by many domestic bankers. in this regard, the establishment of venture funds and the allocation of credit lines may be considered as major activities of the banking system. however, there are many challenges on the road to achieve effective financing of knowledge-based companies, namely the...

Islamic 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 ...

Exploring the Potential for Profit-Loss Sharing Models in Islamic Microfinance