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Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance

Xalani, Mohamed Abdi Elmi and Che Mohd Salleh, Marhanum (2018) Poverty alleviation in Mogadishu, Somalia: the role of Islamic microfinance. In: 1st Global Conference on Islamic Economics and Finance 2018 (GCIEF 2018), 24th-25th Oct. 2018, Kuala Lumpur.

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Abstract

The objective of this paper is to empirically examine the role of Islamic microfinance in poverty alleviation in Mogadishu, Somalia. The study basically concerns on two objectives which are; to observe the current practice of Islamic microfinance in Mogadishu, Somalia, and to investigate the effectiveness of Islamic microfinance institutions in this country towards poverty reduction. To achieve the research objectives, quantitative methodology is adopted and primary data is relied on for analysis. Based on survey questionnaire, the sample of this research were microfinance recipients in Mogadishu, Somalia. Via descriptive analysis, it is revealed that the current practice of Islamic microfinance activities in Mogadishu, Somalia is serving the poor people, but these microfinance activities are not effective in terms of the procedure of obtaining loans, enhancement of standard living, usefulness of the system, and the awareness level of the people. In addition, the findings of this study will be beneficial for the Islamic microfinance institutions, Islamic banks who involve microfinance services, enterprises, academicians and researchers who interest in this area.

Item Type: Conference or Workshop Item (Plenary Papers)
Additional Information: 7080/55142
Uncontrolled Keywords: Microfinance, Islamic Microfinance Institutions, Poverty Alleviation, Current Practice, Effectiveness
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.75 Islam and economics
H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
H Social Sciences > HJ Public Finance > HJ1438 Public Finance In Islam
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences
Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Dr. Marhanum Che Mohd Salleh
Date Deposited: 29 Oct 2018 09:46
Last Modified: 29 Oct 2018 10:22
URI: http://irep.iium.edu.my/id/eprint/55142

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