The role of Islamic microfinance in socio-economic development in Bosnia and Herzegovina
Joint Authors
Efendic, Velid
Karamustafic, Eldina
Source
International Journal of Islamic Economics and Finance Studies
Issue
Vol. 3, Issue 2 (31 Jul. 2017), pp.149-171, 23 p.
Publisher
Centre of Political Economical and Social Research
Publication Date
2017-07-31
Country of Publication
Turkey
No. of Pages
23
Main Subjects
Economy and Commerce
Islamic Studies
Abstract EN
This paper aims to explore the role of Islamic microfinance in the socio-economic development of Bosnia and Herzegovina (B&H).
Due to the significant growth of the microfinance sector in the last 20 years and its impact on the country’s postwar reconstruction and development, B&H serves as a good case for this present research.
The study relies on primary data collected from clients of Islamic and conventional microfinance institutions (MFI).
Accordingly, the comparison between Islamic and conventional MFIs is possible.
Our results reveal that, from the clients’ perspective, there is no difference between Islamic and conventional MFI.
In addition, religion plays a minor role in choice of MFI suggesting that being “Islamic” is of little relevance to the clients.
The clients are more concerned with the quality of service they receive.
Finally, we find positive but limited impact of MFIs on their clients’ standard of living.
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American Psychological Association (APA)
Efendic, Velid& Karamustafic, Eldina. 2017. The role of Islamic microfinance in socio-economic development in Bosnia and Herzegovina. International Journal of Islamic Economics and Finance Studies،Vol. 3, no. 2, pp.149-171.
https://search.emarefa.net/detail/BIM-791952
Modern Language Association (MLA)
Efendic, Velid& Karamustafic, Eldina. The role of Islamic microfinance in socio-economic development in Bosnia and Herzegovina. International Journal of Islamic Economics and Finance Studies Vol. 3, no. 2 (Jul. 2017), pp.149-171.
https://search.emarefa.net/detail/BIM-791952
American Medical Association (AMA)
Efendic, Velid& Karamustafic, Eldina. The role of Islamic microfinance in socio-economic development in Bosnia and Herzegovina. International Journal of Islamic Economics and Finance Studies. 2017. Vol. 3, no. 2, pp.149-171.
https://search.emarefa.net/detail/BIM-791952
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 168-171
Record ID
BIM-791952