Elmi Xalane, Mohamed Abdi and Che Mohd Salleh, Marhanum (2019) The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study. International Journal of Management and Applied Research, 6 (4). pp. 355-365. ISSN 2056-757X
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Abstract
This research aims to investigate the current practice of Islamic microfinance in Mogadishu, Somalia and to examine the effectiveness of Islamic microfinance institutions in Somalia on poverty reduction. In total, 65 microfinance recipients participated in the survey. This research adopts a quantitative methodology, using a survey and descriptive analysis. Findings show that the current practice of Islamic microfinance in Mogadishu is serving the poor and that these microfinance activities are effective in terms of obtaining loans, enhancement of standards of living and usefulness of the system. Nonetheless, there is a low level of awareness among the locals regarding the availability of Islamic microfinance.
| Item Type: | Article (Journal) |
|---|---|
| Additional Information: | 7080/76747 |
| Uncontrolled Keywords: | Microfinance; Islamic Microfinance; Interest-free Microfinance; Poverty Alleviation; Microcredit; Soma |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HJ Public Finance H Social Sciences > HV Social pathology. Social and public welfare |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Economics and Management Sciences > Department of Finance |
| Depositing User: | Dr. Marhanum Che Mohd Salleh |
| Date Deposited: | 20 Dec 2019 15:08 |
| Last Modified: | 20 Dec 2019 15:08 |
| URI: | http://irep.iium.edu.my/id/eprint/76747 |
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