Satar, Norizan and Kassim, Salina (2020) Issues and challenges in financing the poor: lessons learned from Islamic microfinance institutions. European Journal of Islamic Finance, 15. pp. 1-8. ISSN 2421-2172
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Abstract
Islamic microfinance institutions (IMFIs) play a very important role in contributing towards higher financial inclusion among the poor, especially in the Muslim countries. Despite their importance, the IMFIs face wide ranging issues especially in the operational and regulatory aspects, and these issues hinder the effective development of the IMFIs. By examining the experience of two major IMFIs in Indonesia and Malaysia, namely Baitul Maal Wat Tamwil (BMT) and Amanah Ikhtiar Malaysia (AIM), this study offers a new perspective by making a comparative study between the two IMFIs with the aim of understanding the peculiarities facing each institution, unlike the earlier studies which commonly focusing on a particular institution only. The study finds that sustainability and human resource are the main issues facing both IMFIs. While structural issue such as reliance on subsidies could jeopardise the sustainability in the long run, human resource is highly critical in ensuring smooth functioning of the IMFIs as well as their sustainability even in the short run. Findings of this study contribute to highlight the critical factors to be emphasized in ensuring sustainability of IMFIs.
| Item Type: | Article (Journal) |
|---|---|
| Additional Information: | 4600/83092 |
| Uncontrolled Keywords: | microfinance, Baitul Maat Wat Tamwil (BMT), Amanah Ikhtiar Malaysia (AIM), Islamic finance |
| Subjects: | H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HN Social history and conditions. Social problems. Social reform |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Institute of Islamic Banking & Finance (IIiBF) |
| Depositing User: | Prof. Dr. Salina Kassim |
| Date Deposited: | 23 Sep 2020 10:34 |
| Last Modified: | 23 Sep 2020 10:34 |
| URI: | http://irep.iium.edu.my/id/eprint/83092 |
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