Islamic microfinance : moving beyond financial inclusion
Author
Ali, Abd al-Rahman al-Zahi Said
Source
Islamic Research and Training Institute
Issue
Vol. 2014, Issue 1-2, 7-11, 13-20 (31 Dec. 2014), pp.1-14, 14 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2014-12-31
Country of Publication
Saudi Arabia
No. of Pages
14
Main Subjects
Abstract EN
The current situation of high unemployment and the widening whole of the disadvantages people in Muslims countries have spot light the need of proper access to the microfinance Currently poor and low income people in Muslim countries has little access to either conventional or Islamic microfinance.
This article is an attempt to investigate to what extend Islamic microfinance can best help in alleviating poverty in Muslim communities.
The results showed that the conventional microfinance concentrates on the low-income group and thus financial and socially excluded the destitute people from microcredit and other related activities such as saving and skills improvement.
Further more the resluts indictes that Islamic microfinance is moving beyond conventional counterpart to provide effective social and financial inclusion simultaneously through its Islamic social tools such as Sadaqah, waqf and Zakah, that to be given directly to the extremely poor in cash or in kind to satisfy their basic needs before granting them microcredit.
These results might give good an implication to those who provide microfiance in these countries to improve the social and fiancial inclusions of the disadavantages people by adopting Islamic microcredit
American Psychological Association (APA)
Ali, Abd al-Rahman al-Zahi Said. 2014. Islamic microfinance : moving beyond financial inclusion. Islamic Research and Training Institute،Vol. 2014, no. 1-2, 7-11, 13-20, pp.1-14.
https://search.emarefa.net/detail/BIM-905046
Modern Language Association (MLA)
Ali, Abd al-Rahman al-Zahi Said. Islamic microfinance : moving beyond financial inclusion. Islamic Research and Training Institute No. 1-2, 7-11, 13-20 (2014), pp.1-14.
https://search.emarefa.net/detail/BIM-905046
American Medical Association (AMA)
Ali, Abd al-Rahman al-Zahi Said. Islamic microfinance : moving beyond financial inclusion. Islamic Research and Training Institute. 2014. Vol. 2014, no. 1-2, 7-11, 13-20, pp.1-14.
https://search.emarefa.net/detail/BIM-905046
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 14
Record ID
BIM-905046