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Literature survey on Islamic microfinance

Nik Muhammad Azmi, Nik Nur Izzati and Mohd Thas Thaker, Mohamed Asmy (2020) Literature survey on Islamic microfinance. Global Review of Islamic Economics and Business, 8 (1). 023-033. ISSN 2338-2619 E-ISSN 2338-7920

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Islamic microfinance can be seen as an emerging industry in some Muslim countries like Indonesia, Malaysia, Pakistan, Bangladesh, and MENA regions. It acts as a movement to eradicate poverty in the society and to help improve the social standard of the poor people. The concept of Islamic microfinance is similar to those implemented in conventional microfinance except for it adheres to several points and concepts which in line with the Shariah rulings. As a growing industry, Islamic microfinance does facing several challenges such as limited outreach in the market, lack of expertise in the industry, governance and management problems, and many more. Hence, this paper will discuss further the issues and challenges faced by Islamic microfinance institutions in selected Muslim countries. Plus, some suggestions are given at the end of this paper to solve these issues

Item Type: Article (Journal)
Additional Information: 7210/83416
Uncontrolled Keywords: Islamic Microfinance, Microfinance, Micro-Credit, and Islamic Finance
Subjects: BPH Islamic Economics
H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences
Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited: 09 Oct 2020 16:28
Last Modified: 14 Dec 2020 15:52
URI: http://irep.iium.edu.my/id/eprint/83416

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