- despite the growing body of literatures about the microfinance and its impact on poverty, there are counter growing criticisms against microfinance in issues such as reaching the poor, unchanged poverty level, high interest rate, brutality in repayment processes, financial sustainability, and women empowerment. Microfinance offers an alternative solution to poverty alleviation through more human oriented financing this is due to the underlying principle of islamic microfinance is the application of.
It will explore the scope of opportunities for islamic microfinance in pakistan it will discover the challenges that islamic microfinance could face in pakistan 14 importance of the study this study highlights the importance of islamic microfinance to help reduce poverty in pakistan.
Islamic microfinance and poverty alleviation for rural areas in malaysia: an empirical study of amanah ikhtiar malaysia (aim) essay introduction poverty is the biggest moral challenge of this humankind.
Microfinance offers an alternative solution to poverty alleviation through more human oriented financing this is due to the underlying principle of islamic microfinance is the application of islamic values to promote social justice for all and to achieve economic development with building human capability as centre of attention.
This study determined the role of the islamic microfinance in poverty alleviation efforts in somaliland and how this role can be enhanced it was intended to establish and recommend islamic microfinance and its principles that could raise poverty reduction and economic development in the country. Instrument of permanent poverty alleviation, provided the mfis dedicate themselves to poverty alleviation with full sincerity, proper fund management, accountability and transparency further, alleviating poverty is viewed as governmental or charitable responsibility. Islamic microfinance, an approach to poverty alleviation abuzar nomani dept of agricultural economics and business management aligarh muslim university, aligarh, india this is due to the underlying principle of islamic microfinance is the application of. Microfinance is one of the effective ways for poverty alleviation, economic growth and sustainable development in emerging economies and the mfis play a significant role in this regard this paper will focus the importance, challenges, obstacles, opportunities and outcome of microfinance in indian context for a sustainable development.
253 islamic microfinance merchandises islamic attack to poverty relief is a complex of a mission based and market-based intercessions islamic microfinance need non be restricted to not-for-profit manners entirely islam permits for-profit trade and creative activity of wealth. Microfinance & poverty reduction in sudan given central bank of sudan great interest sector microfinance and with that we find deployment weak in the area of microfinance services islamic incomprehension of this type of funding and requirements for success poverty alleviation and combating is a strategic objective seeks world to.
The general secretary of the united nations, kofi annan, stated in 2002 that microcredit is a critical anti-poverty tool and a wise investing in human capital ( annan, 2002 ) “ microfinance has evolved as an economic development attack intended to profit low-income adult females and work forces. Islamic microfinance system and poverty alleviation in somaliland mohamoud-yonis, abdiqadir (2012): islamic microfinance system and poverty alleviation in somaliland preview. Islamic microfinance as an alternative for poverty alleviation: a survey nur indah riwajanti abstract the purpose of this paper is to demonstrate the potential of islamic to the underlying principle of islamic microfinance is the application of.