What is it about?
The paper has developed an integrated Waqf-Islamic micro-finance model for poverty alleviation. The six components of the new pioneering model are designed to address three major challenges facing micro-finance institutions, namely lack of access to finance, poor quality of human capital among the clients, lack of adequate insurance coverage and products and, absence of group investment projects. the model's validity and acceptability were tested among the relevant stakeholders in Bangladesh.
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Why is it important?
Responses from stakeholders in Bangladesh show the model is robust, simple to understand and apply, and an effective program and policy tool for poverty alleviation.
Perspectives
This publication is a pioneering work in the right direction. It addresses the core challenges of micro-finance institutions by creating a platform for a new form of social financing.
Dr Mustafa Omar Mohammed
International Islamic University Malaysia
Read the Original
This page is a summary of: Integration of waqf-Islamic microfinance model for poverty reduction, International Journal of Islamic and Middle Eastern Finance and Management, June 2015, Emerald,
DOI: 10.1108/imefm-03-2014-0029.
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