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Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation

In this paper, we have conceptualised an integrated microfinancing model by using mudarabah, musharakah and musharakah mutanaqisah (MM&M) instruments. This model presumably, can ensure sustainable economic livelihoods for the poor entrepreneurs by enhancing their income through higher entreprene...

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Main Authors: Islam, Reazul, Ahmad, Rubi
Format: Article
Published: 2022
Subjects:
HB Economic Theory
HJ Public Finance
Online Access:http://eprints.um.edu.my/43482/
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spelling my.um.eprints.434822023-11-06T05:33:45Z http://eprints.um.edu.my/43482/ Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation Islam, Reazul Ahmad, Rubi HB Economic Theory HJ Public Finance In this paper, we have conceptualised an integrated microfinancing model by using mudarabah, musharakah and musharakah mutanaqisah (MM&M) instruments. This model presumably, can ensure sustainable economic livelihoods for the poor entrepreneurs by enhancing their income through higher entrepreneurial exercises while providing them with the ownership of tangible assets. To assess the viability of this model, we conducted a study adopting the qualitative method. We took in-depth interviews of three experts in Islamic finance and banking by using an open-ended questionnaire articulated with the vital issues of MM&M financing. According to experts’ opinions, relevant skills, religiosity, and product knowledge can be considered clients’ primary attributes for letting them access these financing schemes. Nevertheless, the involvement of third-party guarantors, cash waqf, and technology usage will augment the usefulness of this financing approach. Outcomes of this study will help incorporate MM&M within the context of Islamic microfinance while opening windows for further research. © 2022, Statistical Economic and Social Research and. All rights reserved. 2022 Article PeerReviewed Islam, Reazul and Ahmad, Rubi (2022) Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation. Journal of Economic Cooperation and Development, 43 (1). ISSN 13087800,
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HB Economic Theory
HJ Public Finance
spellingShingle HB Economic Theory
HJ Public Finance
Islam, Reazul
Ahmad, Rubi
Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation
description In this paper, we have conceptualised an integrated microfinancing model by using mudarabah, musharakah and musharakah mutanaqisah (MM&M) instruments. This model presumably, can ensure sustainable economic livelihoods for the poor entrepreneurs by enhancing their income through higher entrepreneurial exercises while providing them with the ownership of tangible assets. To assess the viability of this model, we conducted a study adopting the qualitative method. We took in-depth interviews of three experts in Islamic finance and banking by using an open-ended questionnaire articulated with the vital issues of MM&M financing. According to experts’ opinions, relevant skills, religiosity, and product knowledge can be considered clients’ primary attributes for letting them access these financing schemes. Nevertheless, the involvement of third-party guarantors, cash waqf, and technology usage will augment the usefulness of this financing approach. Outcomes of this study will help incorporate MM&M within the context of Islamic microfinance while opening windows for further research. © 2022, Statistical Economic and Social Research and. All rights reserved.
format Article
author Islam, Reazul
Ahmad, Rubi
author_facet Islam, Reazul
Ahmad, Rubi
author_sort Islam, Reazul
title Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation
title_short Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation
title_full Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation
title_fullStr Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation
title_full_unstemmed Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation
title_sort incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: a sustainable livelihood approach to poverty alleviation
publishDate 2022
url http://eprints.um.edu.my/43482/
_version_ 1783876763595571200
score 13.211869

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