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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Universiti Tun Hussein Onn Maaysia (UTHM)
2018
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my.iium.irep.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 http://penerbit.uthm.edu.my/ojs/index.php/jtmb/article/view/3596/1833 |
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HB126.4 Islamic Economics HG3691 Credit Mohammad, Mohammad Tahir Sabit Juanil, David Martin @ Daud Eni, Sabariah Affordability of Islamic microfinance |
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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/69217/1/69217_Affordability%20of%20Islamic%20microfinance.pdf http://irep.iium.edu.my/69217/ http://penerbit.uthm.edu.my/ojs/index.php/jtmb/article/view/3596/1833 |
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