Literature survey on Islamic microfinance
Islamic microfinance can be seen as an emerging industry in some Muslim countries like Indonesia, Malaysia, Pakistan, Bangladesh, and MENA regions. It acts as a movement to eradicate poverty in the society and to help improve the social standard of the poor people. The concept of Islamic microfin...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Islamic Economics and Business State Islamic University (UIN) Sunan Kalijaga
2020
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/83416/1/83416_Literature%20Survey%20on%20Islamic%20Microfinance.pdf http://irep.iium.edu.my/83416/ http://ejournal.uin-suka.ac.id/febi/grieb/article/view/1210/705 https://doi.org/10.14421/grieb.2020.081-03 |
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| Summary: | Islamic microfinance can be seen as an emerging industry in some Muslim countries like
Indonesia, Malaysia, Pakistan, Bangladesh, and MENA regions. It acts as a movement to eradicate
poverty in the society and to help improve the social standard of the poor people. The concept of Islamic
microfinance is similar to those implemented in conventional microfinance except for it adheres to
several points and concepts which in line with the Shariah rulings. As a growing industry, Islamic
microfinance does facing several challenges such as limited outreach in the market, lack of expertise in
the industry, governance and management problems, and many more. Hence, this paper will discuss
further the issues and challenges faced by Islamic microfinance institutions in selected Muslim
countries. Plus, some suggestions are given at the end of this paper to solve these issues |
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