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Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria

Nigeria is one of the leading economies in Africa endowed with vast oil reserve and abundant human and material resources. Despite these resources, poverty among the populace is widely spread. The National Planning Commission in Nigeria in 2012 reported that more than 75 million people are trapped b...

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Main Authors: Gumel, Gambo, Md Saad, Norma, Kassim, Salina
Format: Article
Language:English
Published: Islami Bank Training and Research Academy 2014
Subjects:
HG1501 Banking
Online Access:http://irep.iium.edu.my/40747/1/Microfinance_in_Nigeria_Babandi_JIEBF.pdf
http://irep.iium.edu.my/40747/
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spelling my.iium.irep.407472016-10-20T03:31:27Z http://irep.iium.edu.my/40747/ Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria Gumel, Gambo Md Saad, Norma Kassim, Salina HG1501 Banking Nigeria is one of the leading economies in Africa endowed with vast oil reserve and abundant human and material resources. Despite these resources, poverty among the populace is widely spread. The National Planning Commission in Nigeria in 2012 reported that more than 75 million people are trapped by poverty. Several efforts have been put forward at various points in time by successive governments, private entrepreneurs and other development partners to overcome the menace of poverty among the populace. Recently, the Islamic microfinance becomes a mechanism through which poverty is being challenged aswitnessed in some Muslim countries such as Bangladesh, Malaysia, and Pakistan. The purpose of this study is to examine the role of Islamic mircofinance products on poverty alleviation in northen part of Nigeria. The study used recipients of Islamic loan from some selected microfinance banks in Kano and Jigawa states of Nigeria. A total of 400 samples drawn from beneficiaries of Islamic microfinance loan through simple random sampling were used. Questionnaires were used and the data generated were analyzed using Pearson correlation analysis. The findings of the study has also identified that amount of Islamic loan, age, level of education, and gender as important variables for increasing household income. Microfinance regulators or policy makers (Central Bank of Nigeria) will also make use the findings of this study in designing policy framework for microfinance institutions in Nigeria. Islami Bank Training and Research Academy 2014 Article REM application/pdf en http://irep.iium.edu.my/40747/1/Microfinance_in_Nigeria_Babandi_JIEBF.pdf Gumel, Gambo and Md Saad, Norma and Kassim, Salina (2014) Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria. Journal of Islamic Economics, Banking and Finance, 10 (4). pp. 37-49. ISSN 2070-4658 http://ibtra.com/journal_current_issue.php
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
topic HG1501 Banking
spellingShingle HG1501 Banking
Gumel, Gambo
Md Saad, Norma
Kassim, Salina
Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
description Nigeria is one of the leading economies in Africa endowed with vast oil reserve and abundant human and material resources. Despite these resources, poverty among the populace is widely spread. The National Planning Commission in Nigeria in 2012 reported that more than 75 million people are trapped by poverty. Several efforts have been put forward at various points in time by successive governments, private entrepreneurs and other development partners to overcome the menace of poverty among the populace. Recently, the Islamic microfinance becomes a mechanism through which poverty is being challenged aswitnessed in some Muslim countries such as Bangladesh, Malaysia, and Pakistan. The purpose of this study is to examine the role of Islamic mircofinance products on poverty alleviation in northen part of Nigeria. The study used recipients of Islamic loan from some selected microfinance banks in Kano and Jigawa states of Nigeria. A total of 400 samples drawn from beneficiaries of Islamic microfinance loan through simple random sampling were used. Questionnaires were used and the data generated were analyzed using Pearson correlation analysis. The findings of the study has also identified that amount of Islamic loan, age, level of education, and gender as important variables for increasing household income. Microfinance regulators or policy makers (Central Bank of Nigeria) will also make use the findings of this study in designing policy framework for microfinance institutions in Nigeria.
format Article
author Gumel, Gambo
Md Saad, Norma
Kassim, Salina
author_facet Gumel, Gambo
Md Saad, Norma
Kassim, Salina
author_sort Gumel, Gambo
title Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_short Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_full Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_fullStr Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_full_unstemmed Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_sort assessing the impact of islamic microfinance on poverty alleviation in northern nigeria
publisher Islami Bank Training and Research Academy
publishDate 2014
url http://irep.iium.edu.my/40747/1/Microfinance_in_Nigeria_Babandi_JIEBF.pdf
http://irep.iium.edu.my/40747/
http://ibtra.com/journal_current_issue.php
_version_ 1643611884257017856
score 13.211869

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