Experiences of global Islamic microfinance practices: lessons learnt and way forward

  • Authors

    • Salina Kassim
    • Siti Nadhirah Kassim
    • Nadhrah Othman
    https://doi.org/10.14419/ijet.v7i3.35.29291
  • Microfinance, Islamic Finance, Global.
  • Abstract

    Despite the increasing need for microfinance services that are shariah-compliant among the Muslims, growth of the Islamic microfinance industry has not been as encouraging as that of the conventional counterpart. Islamic microfinance accounts for a mere 0.5% of global microfinance, amid the absence of a cost-efficient service model. As a result, financial inclusion rate in most Muslim countries stands at only 27%, with religious requirement being quoted as one of the important obstacles. This study intends to evaluate the current practices of several leading Islamic microfinance institutions globally and learn from their experiences and best practices in efforts to further improve the Islamic microfinance industry in the future.

     

     

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  • How to Cite

    Kassim, S., Kassim, S. N., & Othman, N. (2018). Experiences of global Islamic microfinance practices: lessons learnt and way forward. International Journal of Engineering & Technology, 7(3.35), 177-180. https://doi.org/10.14419/ijet.v7i3.35.29291

    Received date: 2019-05-16

    Accepted date: 2019-05-16