Integration of Waqf and Islamic microfinance for poverty reduction in OIC Member Countries: a case study of Nigeria

• Main Authors: Haneef, Mohamed Aslam, Pramanik, Ataul Huq, Mohammed, Mustafa Omar, Muhammad, Aliyu Dahiru, Amin, Fouad Md
• Format: Book Chapter
• Language: English
• Published: The Islamic and Training Research Institute (IRTI) 2019
• Subjects: BPH741 Waqf; H Social Sciences (General); HG Finance; HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/79263/1/79263_Integration%20of%20Waqf%20and%20Islamic%20Microfinance.pdf; http://irep.iium.edu.my/79263/; https://islamicmarkets.com/publications/islamic-research-and-training-institute-irti-equitable-islamic-finance

Microfinance was celebrated in the year 2005 as an effective tool for poverty reduction. However, until now, the penetration of microfinance into the mainstream financing is very shallow and its total share to global credit falls below 1 percent. The private investment in the industry reaches 7.5 bi...