We examine the impact of religious beliefs on loan repayments in 770 microfinance institutions (MFIs) across 65 countries over period 2006–2018. find robust evidence a negative relationship between religiosity and losses MFIs. also that is stronger for MFIs Protestant-dominated than Catholic-dominated countries. Moreover, improves operational self-sufficiency through reduction losses. does not ...

This paper discusses the role of MM Sejahtera Syariah Financial Institution through Murabahah financing in developing performance micro businesses and finds out what obstacles are faced by Islamic supporting factors Institution. The purpose this study was to determine extent which plays a murabahah financing, find their solutions know enterprises Instution. research method is descriptive with q...

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...

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...

We study, theoretically and empirically, the effort choices of microfinance borrowers under individual liability (IL) joint (JL) contracts when loan repayments are made either privately or publicly. Our theoretical model identifies guilt aversion in a JL contract shame public repayment loans as main psychological drivers choice. Evidence from our lab-in-the-field experiment Pakistan reveals lar...

all of religions free towards society in Kazakhstan. Considering that Islam is more widespread religion in the region, Islamic industry is developing sector of Economy. There are some new sectors of Halal (Islamic) industry, which have importance for state developing on the whole. One of the youngest sectors of Halal industry is Islamic tourism, which became an object of disputes and led to dil...