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Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives

Islamic microfinance is a powerful Shariah-compliant tool for helping the impoverished escape the cycle of poverty in Bangladesh. Despite a few applications of Islamic microfinance instruments, most of the instruments have been based on Murabahah contracts, while the use of equity or partnership-bas...

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Main Authors: Muhammad, Niaz Makhdum, Kassim, Salina, Mahadi, Nur Farhah, Engku Ali, Engku Rabiah Adawiah
Format: Book Chapter
Language:English
English
Published: Springer 2024
Subjects:
BPH Islamic Economics
Online Access:http://irep.iium.edu.my/115543/3/115543_Prospects%20of%20a%20partnership-based.pdf
http://irep.iium.edu.my/115543/4/115543_Prospects%20of%20a%20partnership-based_Scopus.pdf
http://irep.iium.edu.my/115543/
https://link.springer.com/chapter/10.1007/978-3-031-48770-5_14
https://doi.org/10.1007/978-3-031-48770-5_14
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spelling my.iium.irep.1155432024-11-05T08:35:38Z http://irep.iium.edu.my/115543/ Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives Muhammad, Niaz Makhdum Kassim, Salina Mahadi, Nur Farhah Engku Ali, Engku Rabiah Adawiah BPH Islamic Economics Islamic microfinance is a powerful Shariah-compliant tool for helping the impoverished escape the cycle of poverty in Bangladesh. Despite a few applications of Islamic microfinance instruments, most of the instruments have been based on Murabahah contracts, while the use of equity or partnership-based contracts has been very minimal. This study aims to analyse the opinions and perspectives of microfinance recipients of Bangladesh regarding the prospects of implementing a partnership-based Islamic microfinance model in Bangladesh where the concepts of Mudarabah and Musharakah will be applied. A mixed-method research method has been adopted in this study. A total of 400 recipients of Islamic microfinance products were surveyed using a close-ended questionnaire to determine their viewpoints about Mudarabah and Musharakah-based Islamic microfinance model. At the same time, secondary data were collected from books, peer-reviewed journals, and conference proceedings, and a critical analysis approach was adopted in the process. The study finds that partnership based Islamic microfinance has a bright prospect to be implemented in Bangladesh. If properly put into practice, partnership-based Islamic microfinance will effectively assist the nation’s poor in enhancing both their financial inclusion and general socioeconomic conditions. Springer 2024 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/115543/3/115543_Prospects%20of%20a%20partnership-based.pdf application/pdf en http://irep.iium.edu.my/115543/4/115543_Prospects%20of%20a%20partnership-based_Scopus.pdf Muhammad, Niaz Makhdum and Kassim, Salina and Mahadi, Nur Farhah and Engku Ali, Engku Rabiah Adawiah (2024) Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives. In: Islamic Finance: New Trends in Law and Regulation. Contributions to Management Science, Part F2529 . Springer, Switzerland, pp. 159-169. ISBN 978-3-031-48769-9 https://link.springer.com/chapter/10.1007/978-3-031-48770-5_14 https://doi.org/10.1007/978-3-031-48770-5_14
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic BPH Islamic Economics
spellingShingle BPH Islamic Economics
Muhammad, Niaz Makhdum
Kassim, Salina
Mahadi, Nur Farhah
Engku Ali, Engku Rabiah Adawiah
Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives
description Islamic microfinance is a powerful Shariah-compliant tool for helping the impoverished escape the cycle of poverty in Bangladesh. Despite a few applications of Islamic microfinance instruments, most of the instruments have been based on Murabahah contracts, while the use of equity or partnership-based contracts has been very minimal. This study aims to analyse the opinions and perspectives of microfinance recipients of Bangladesh regarding the prospects of implementing a partnership-based Islamic microfinance model in Bangladesh where the concepts of Mudarabah and Musharakah will be applied. A mixed-method research method has been adopted in this study. A total of 400 recipients of Islamic microfinance products were surveyed using a close-ended questionnaire to determine their viewpoints about Mudarabah and Musharakah-based Islamic microfinance model. At the same time, secondary data were collected from books, peer-reviewed journals, and conference proceedings, and a critical analysis approach was adopted in the process. The study finds that partnership based Islamic microfinance has a bright prospect to be implemented in Bangladesh. If properly put into practice, partnership-based Islamic microfinance will effectively assist the nation’s poor in enhancing both their financial inclusion and general socioeconomic conditions.
format Book Chapter
author Muhammad, Niaz Makhdum
Kassim, Salina
Mahadi, Nur Farhah
Engku Ali, Engku Rabiah Adawiah
author_facet Muhammad, Niaz Makhdum
Kassim, Salina
Mahadi, Nur Farhah
Engku Ali, Engku Rabiah Adawiah
author_sort Muhammad, Niaz Makhdum
title Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives
title_short Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives
title_full Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives
title_fullStr Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives
title_full_unstemmed Prospects of a partnership-based Islamic microfnance model in Bangladesh: clients perspectives
title_sort prospects of a partnership-based islamic microfnance model in bangladesh: clients perspectives
publisher Springer
publishDate 2024
url http://irep.iium.edu.my/115543/3/115543_Prospects%20of%20a%20partnership-based.pdf
http://irep.iium.edu.my/115543/4/115543_Prospects%20of%20a%20partnership-based_Scopus.pdf
http://irep.iium.edu.my/115543/
https://link.springer.com/chapter/10.1007/978-3-031-48770-5_14
https://doi.org/10.1007/978-3-031-48770-5_14
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score 13.211869

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