Download or read book The role of Islamic microfinance in poverty alleviation and environmental awareness in Pasuruan East Java Indonesia written by Effendi, Jaenal and published by Universitätsverlag Göttingen. This book was released on 2013-06-11 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance is known to be one of the best tools to combat poverty, and believed to have a positive effect on environmental awareness. This book analyses the impacts of Islamic microfinance on both poverty alleviation and environmental awareness and the variation in its effects between different geographical conditions, as well as how it compares in these respects with conventional microfinance. Islamic microfinance institutions (MFIs) had a more significant impact on poverty alleviation than conventional MFIs, but a low effect on awareness of specific environmental issues. Islamic MFIs were also successful in combating poverty regardless of regional differences, but similarly ineffective in contributing to environmental awareness.
Download or read book The Role of Islamic Microfinance in Poverty Alleviation and Environmental Awareness in Pasuruan East Java Indonesia A Comparative Study written by Jaenal Effendi and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Islamic Microfinance written by Hussain Mohi ud Din Qadri and published by Walter de Gruyter GmbH & Co KG. This book was released on 2024-05-20 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic microfinance is one of the most important sectors of Islamic social finance, which plays a very important role in curbing poverty and improving the standard of living, per capita income, employment level as well as achieving Maqasid al-Shariah, profitability and sustainability. This role of Islamic microfinance has become more crucial in the pandemic period. It has been clearly witnessed in developing countries such as Pakistan and Bangladesh, how Islamic microfinance institutions helped deprived and affected communities during the pandemic. Another important development during the pandemic was the introduction of blended models of Islamic microfinance such as waqf-based Islamic microfinance, a zakat-based model and the combination of Islamic commercial and social finance. Islamic microfinance institutions also aim to harness the power of digitalization and fintech, but they need to consider the necessary success factors to realize and gain the real benefits of technology. There are some major challenges related to regulations, management issues, lack of skilled human resources, a wide digital divide and low level of financial literacy in developing countries. These challenges need to be addressed to ensure stability, steady growth and sustainability in the sector. This book is a compendium on Islamic microfinance, including case studies from seven jurisdictions and prospects for the sector. The book will be a major contribution to the literature of Islamic economics and finance and a guide of equal importance for students, academics, institutions, regulators, fintechs, policy makers and the general public.
Download or read book The Islamic Finance Industry written by Burak Çıkıryel and published by Taylor & Francis. This book was released on 2023-05-26 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance has emerged to meet the financial needs of people who seek a different approach to conventional banking and finance. Due to its late inception, Islamic finance has often been regarded as an "infant industry" compared to its traditional counterparts. Even though the Islamic finance industry is still classified as nascent, it has shown rapid growth in the last decade or so. The primary objective of this book is to highlight the main issues and challenges the Islamic finance industry faces and to offer practical solutions. Firstly, the book classifies the main components of Islamic finance such as money and banking, capital markets, fintech, microfinance, insurance as well as morality and governance. Secondly, all of the chapters are combined according to their relationship and link with each other so as to provide readers with a unique and holistic overview of the subject. The chapters are written by well-renowned experts in the field. As well as offering readers theoretical information about each subject under discussion, it also advances practical solutions that can contribute to the development of each field. The book answers questions such as how money is created by banks; what the business model of Islamic banking should look like; whether Islamic microfinance institutions are sustainable; what the likely framework of takaful should be; what the potential role of fintech could be in reshaping the Islamic financial system, and where and whether morality fits in the financial system. The book will attract the attention of students, researchers, practitioners, regulators and policymakers.
Download or read book Revitalization of Waqf for Socio Economic Development Volume II written by Khalifa Mohamed Ali and published by Springer. This book was released on 2019-07-15 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of Waqf management and its impact on socio-economic development, specifically financial inclusion and sustainable development as well as of the legal issues in Waqf management in IsDB member countries and jurisdictions. It explores various aspects of Waqf management in IsDB member countries/jurisdictions as well as in non-Muslim majority countries such as Waqf regulation, its modernization, and relationship to Maqasid Al-Shari’ah; performance of Waqf activities; time and activity-wise distribution of Waqf resource management; the antecedents and consequences of Waqf assets (both physical and cash); the strategies and models to promote Waqf related activities for greater socio-economic development; good governance practices through the formulation of informed policies for Waqf projects, among others. Comprising different issues and perspectives adopted by various researchers, the work is specifically designed to meet the needs of academics and industry practitioners in the field of Islamic finance.
Download or read book Islamic Social Finance written by Valentino Cattelan and published by Routledge. This book was released on 2018-08-06 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current dynamics of world economy show remarkable changes in the socio-economics of credit provision and entrepreneurship. If the emergence of the sharing economy is fostering innovative models of collaborative agency, networking and venture business, economic actors are also looking for a more sustainable development, able to foster profitability as well as community welfare. This book investigates Islamic social finance as a paramount example of this economy under change, where the balance between economic efficiency and social impact is contributing to the transformation of the market from an exchange- to a community-oriented institution. The collected essays analyse the social dimension of entrepreneurship from an Islamic perspective, highlighting the extent to which the rationales of "sharing," distribution and cooperation, affect the conceptualization of the market in Islam as a place of "shared prosperity." Moving from the conceptual "roots" of this paradigm to its operative "branches," the contributing authors also connect the most recent trends in the financial market to Shari‘ah-based strategies for community welfare, hence exploring the applications of Islamic social finance from the sharing economy, FinTech and crowdfunding to microcredit, waqf, zakat, sukuk and green investments. An illuminating reference for researchers, practitioners and policy-makers dealing with the challenges of a global market where not only is diversity being perceived as a value to be fostered, but also as an important opportunity for a more inclusive economy for everybody.
Download or read book Islamic Finance written by Nadia Mansour and published by Springer Nature. This book was released on with total page 814 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Green Corridors and Regional Economic Integrations for Sustainable Development written by Qaiser Abbas and published by Frontiers Media SA. This book was released on 2023-08-14 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Role of Islamic Microfinance in Poverty Alleviation in Pakistan written by Muhammad Naveed Aslam and published by . This book was released on 2019 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 2008 world economic crises, banks and other financial institutes move towards Islamic financing not only in Muslims countries but also in non-Muslim countries of the world. In view of this, some micro financial institutions also introduce Islamic micro financing products in Pakistan. The present study was conducted to analyze the role of Islamic microfinance to alleviate poverty in Pakistan its impacts, people satisfaction level and assess the future of it in Pakistan. An Empirical approach has been adopted due to lack of knowledge to clients about products, technical terms, lack of time, and we come to know the changing improvement in the eyes of those people who directly involve in this system. Questionnaire was used as a tool for data collection. The qualitative data was quantified and chi-square test was applied to test the association of attributes by 5% level of significance. Our analysis concluded that Islamic microfinance playing an important role to improve the living standard, per capita income, awareness level (Educational level), ethical values, profitability, sustainability, infrastructure position, employment level in the society, helpful to control the inflation and unequal distribution of wealth. People are more interested due to religious prospective and prohibition of riba in Islam as well as in Christianity but there should be proper regularity authority to control over it in order to get fruitful results through an implementable model.
Download or read book The Role of Islamic Microfinance in Poverty Alleviation Based on the Perceptions of the Key Players in the Market written by Kausar Abbas and published by . This book was released on 2014 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study raises the issues and challenges concerning the recognition of Islamic microfinance by the Islamic banks of Pakistan. This is based on perceptions of the key players in the market. The study gathered relevant information through conducting field surveys by employing convenience sampling technique, the most common of all sampling techniques. Two questionnaires were designed for the surveys. One questionnaire was administered to survey 270 micro-entrepreneurs and petty traders in three major cities of Pakistan including Rawalpindi, Lahore and Peshawar. Another survey deals with the perceptions of Islamic bankers and Shari"ah scholars. 100 relevant respondents from middle and top managements related to Islamic banks were surveyed from five full-fledged Islamic banks of Pakistan. Three of the sample banks were selected from Islamabad and two banks from Lahore. The findings of the study are decomposed into two parts. Part 1 reveals the micro-entrepreneurs and petty traders" perspective, while part II focuses on the perspectives of Islamic bankers, regulators and Shari"ah scholars. In general, the results indicate that presently, Islamic banking is not addressing the financing needs particularly of those micro-entrepreneurs who generally have preference for Shari"ah-compliant finance. Islamic microfinance is constrained by lack of knowledge, experience and professionalism of supporting staff. Therefore, the majority of the Islamic bankers are not satisfied with the present structure for the implementation of Islamic microfinance. However, the Islamic bankers agreed that Islamic banks should offer Islamic microfinance and treat it separately from other products. Generally, both top and middle management agreed that Murabahah, Dimishing musharakah and Ijarah are most applicable models for Islamic microfinance schemes to the potential micro-entrepreneurs. On the other hand, micro-entrepreneurs and petty traders view Islamic microfinance as a preferred choice over traditional interest-based loans. Although, Islamic microfinance is a new concept, majority of respondents have basic understanding of this concept based on their Islamic knowledge and associations with social network. This study also examined the applicability of Theory of Reasoned Action (TRA) particularly in the context of Islamic microfinance among micro-entrepreneurs and petty traders of Pakistan. However, micro-entrepreneurs and petty traders expressed their dissatisfaction to the management of the Islamic banks. Moreover, the most consistent answer with major concerns from the respondents is that Islamic banks are same as conventional banks in dealings with clients. Therefore the findings could provide insights to Islamic banks in diversifying their products by offering Islamic microfinance to the low-income people but with proper guidelines and policies.
Download or read book A Synthesis of Time written by Konstantinos Retsikas and published by Springer Nature. This book was released on 2020-02-07 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an anthropological investigation into the different forms the economy assumes, and the different purposes it serves, when conceived from the perspective of Islamic micro-finance as a field of everyday practice. It is based on long-term ethnographic research in Java, Indonesia, with Islamic foundations active in managing zakat and other charitable funds, for purposes of poverty alleviation. The book explores the social foundations of contemporary Islamic practices that strive to encompass the economic within an expanded domain of divine worship and elucidates the effects such encompassment has on time, its fissure and synthesis. In order to elaborate on the question of time, the book looks beyond anthropology and Islamic studies, engaging attentively, critically and productively with the post-structuralist work of G. Deleuze, M. Foucault and J. Derrida, three of the most important figures of the temporal turn in contemporary philosophy.
Download or read book An Islamic Microfinance Enterprise written by Dr. Saad Al-Harran, Alfred Yong Foh Se and published by Xlibris Corporation. This book was released on 2008-09-25 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently there is limited application of Islamic microfinance instruments in Brunei Darussalam in the business and banking industries. The main objective of the exploratory study on the potentiality of Islamic microfinancing in the handicraft industry is to encourage students pursuing the Master in Islamic Banking and Finance (MIBF) program to apply the Islamic finance to real life situations. This exploratory applied research has allowed students the opportunity to appreciate the potentialities of Islamic microfinance in assisting the development of microbusinesses especially in the rural areas in Brunei Darussalam.
Download or read book COVID 19 and Islamic Social Finance written by M. Kabir Hassan and published by Routledge. This book was released on 2021-03-08 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is said that the COVID-19 pandemic has turned back the poverty clock. As such, there is a need to have social mechanisms put in place to provide relief to those who are affected in this regard. Islamic social finance consists of tools and institutions that could be used to alleviate poverty. This book explores the impact of COVID-19 on Islamic finance to better understand the effectiveness of Islamic social finance in helping those who have been affected by poverty overnight due to the halt in all major economic activities in the context of the pandemic. Since the struggle against poverty in each country will be different, the book attempts to shed light on the experiences of different countries by presenting successful models of Islamic social finance. The book first looks at poverty and COVID-19 before delving into the role of Islamic social financial institutions and how they have risen against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. This book is the first of its kind on the subject of COVID-19, and it intends to bridge the gap in the literature.
Download or read book Islamic Microfinance written by Mehreen Fatima and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based on the research work which is conducted to find out the impact of Islamic Microfinance on poverty. For this purpose, the clients of Islamic Microfinance Institutions, working in Pakistan, were taken as respondents. Pre and Post project evaluation approach is adopted while conducting the research and a comparison is made between the data of 2009 and 2012. Islamic Microfinance is an emerging industry in Pakistan. It has vast potential to merge the mission of microfinance to reach the poor and give them financial access with the Islamic principle of concern for the miserable. This book is useful for the Islamic Microfinance Institutions working in Pakistan or in any other country in the world in order to make better strategies for Islamic Microfinance. Moreover, this book will be helpful and an informative read for the researchers working in the field of Islamic Microfinance.
Download or read book Islamic Microfinance and Poverty Alleviation at Grassroots in South Western Nigeria written by Oyesanya O. Sodiq and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The plethora of poverty in many parts of the Third World, Less Developed Countries (LDCs), despite quite spectacular economic growth, has spawned interests in the scourge in academic and policy-making circles. In the recent years, international consensus has emerged to focus development goals on poverty alleviation. Governments have agreed to formulate and implement anti-poverty plans that would set time-bound goals and targets for the substantial reduction of poverty. Hence, programmes and institutions that provide credit and savings facilities have been promoted by governments, international development organizations, local non-governmental organizations and grassroots bodies as an indispensable strategy for alleviating poverty in Less Developed Countries (LDCs) and increasingly also within poor communities of Industrially Advanced Countries (IACs). Microfinance initiative therefore, is widely acclaimed as a new innovative approach to alleviate poverty. Through many a financial and social intermediation service, the poor who were denied access to mainstream banking services are now able to benefit from various financial products and services. Today, there are more than 7000 micro-lending institutions providing loans to more than 25 million poor individuals across the world, their vast majority being women. Thus, the concern over credit provision and finance accessibility to the poor and the vulnerable is inevitably relative to Islamic financial intermediaries that espouse greater socio-economic responsibilities-social justice, equitable distribution of income and wealth and economic development. The statistical indices however, show that the existing microfinance institutions in Nigeria serve less than one million people out of forty million being the potential number that needs the services. And paradoxically, the operators of these institutions charge interest-rate as high as up to 36%-42% for lending. This further aggravates the ubiquitous inequalities in the distribution of wealth and income. Also, the aggregate micro-credit facility in Nigeria account for about 0.2% of the GDP; and is less than 1% of total credit in the economy. Nigeria being a country with a Muslim majority represents a potential for Islamic Microfinance especially that most Muslims reject the conventional interest-based micro financing. Therefore, the paper is aimed at a critical analysis of poverty alleviation strategies of Al-Hayat Relief Foundation.
Download or read book Global Financial Development Report 2014 written by World Bank Group and published by World Bank Publications. This book was released on 2013-11-07 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second issue in a new series, Global Financial Development Report 2014 takes a step back and re-examines financial inclusion from the perspective of new global datasets and new evidence. It builds on a critical mass of new research and operational work produced by World Bank Group staff as well as outside researchers and contributors.
Download or read book Microfinance Institutions written by R. Mersland and published by Springer. This book was released on 2015-12-11 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.
