Cover Image

Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad

This paper presents al-Mubadarat al-Riyfia, an innovative Islamic financing product designed to serve the marginalised segment and the third sector of the economy. This paper aims to address the disparity in Islamic finance by emphasising inclusiveness and collective economic well-being. Al-Mubadara...

Full description

Saved in:
Bibliographic Details
Main Authors: Wudil, Adamu Ahmed, Muhammad, Rislanudeen
Format: Article
Language:English
Published: Universiti Teknologi MARA Selangor 2023
Subjects:
Islam and economics
Online Access:https://ir.uitm.edu.my/id/eprint/94766/1/94766.pdf
https://ir.uitm.edu.my/id/eprint/94766/
http://myjms.mohe.gov.my/index.php/JEEIR
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.94766
record_format eprints
spelling my.uitm.ir.947662024-05-28T14:38:55Z https://ir.uitm.edu.my/id/eprint/94766/ Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad jeeir Wudil, Adamu Ahmed Muhammad, Rislanudeen Islam and economics This paper presents al-Mubadarat al-Riyfia, an innovative Islamic financing product designed to serve the marginalised segment and the third sector of the economy. This paper aims to address the disparity in Islamic finance by emphasising inclusiveness and collective economic well-being. Al-Mubadarat al-Riyfia adopts a group-based approach and focuses primarily on the real business sector, aligning with the principles of value-based intermediation (VBI) in Islamic financing. The primary objective is to provide sustainable financial services to households at low income levels, serving financial needs that often fall within the range of approximately RM500 to RM1000 (approximately US$125-250). The initiative seeks to reach an estimated 40 million households worldwide. This initiative not only addresses the pressing issue of financial inclusion but also contributes significantly to the evolution of Islamic finance. It represents a pioneering effort to integrate underserved populations into the economic mainstream while upholding Islamic finance principles. The study's unique contribution lies in its potential to reshape the landscape of Islamic finance, foster shared prosperity, and provide a model for sustainable development. Universiti Teknologi MARA Selangor 2023-09 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/94766/1/94766.pdf Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad. (2023) Journal of Emerging Economies & Islamic Research <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_=26_Islamic_Research/>, 11 (3). pp. 65-79. ISSN 2289-2559 http://myjms.mohe.gov.my/index.php/JEEIR
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Islam and economics
spellingShingle Islam and economics
Wudil, Adamu Ahmed
Muhammad, Rislanudeen
Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad
description This paper presents al-Mubadarat al-Riyfia, an innovative Islamic financing product designed to serve the marginalised segment and the third sector of the economy. This paper aims to address the disparity in Islamic finance by emphasising inclusiveness and collective economic well-being. Al-Mubadarat al-Riyfia adopts a group-based approach and focuses primarily on the real business sector, aligning with the principles of value-based intermediation (VBI) in Islamic financing. The primary objective is to provide sustainable financial services to households at low income levels, serving financial needs that often fall within the range of approximately RM500 to RM1000 (approximately US$125-250). The initiative seeks to reach an estimated 40 million households worldwide. This initiative not only addresses the pressing issue of financial inclusion but also contributes significantly to the evolution of Islamic finance. It represents a pioneering effort to integrate underserved populations into the economic mainstream while upholding Islamic finance principles. The study's unique contribution lies in its potential to reshape the landscape of Islamic finance, foster shared prosperity, and provide a model for sustainable development.
format Article
author Wudil, Adamu Ahmed
Muhammad, Rislanudeen
author_facet Wudil, Adamu Ahmed
Muhammad, Rislanudeen
author_sort Wudil, Adamu Ahmed
title Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad
title_short Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad
title_full Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad
title_fullStr Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad
title_full_unstemmed Al-Mubadarat Al-Riyfia: an Islamic finance product for the underserved segment and the third sector of the economy / Adamu Ahmed Wudil and Rislanudeen Muhammad
title_sort al-mubadarat al-riyfia: an islamic finance product for the underserved segment and the third sector of the economy / adamu ahmed wudil and rislanudeen muhammad
publisher Universiti Teknologi MARA Selangor
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/94766/1/94766.pdf
https://ir.uitm.edu.my/id/eprint/94766/
http://myjms.mohe.gov.my/index.php/JEEIR
_version_ 1800726599897710592
score 13.211869

Similar Items