Islamic Microfinance Concept and Produts by Mahmood Shafqat
From HodHood
Contents
Top 20 FREQUENT WORDS
microfinance 36 islamic 11 client 9 institution 8 profit 8 based 7 financing 7 members 7 mudaraba 6 principal 6 sharing 6 agent 5 incentive 5 methodology 5 model 5 conventional 4 mfi 4 profits 4 bangladesh 3 blake 3 business 3 grameen 3 halal 3 institutions 3 islam 3 losses 3 makes 3 mfis 3 murabaha 3 organizations 3 payments 3 products 3 shares 3 shari 3
DOCUMENT KEY POINTS
- the growth of islamic microfinance has led organizations such as the consultative group to assist the poor cgap a multilateral organization distributing knowledge about microfinance and the islamic development bank idb to begin understanding this new way of approaching poverty
- a recent study of three islamic mfis in bangladesh which have existed for between and years show disappointing results the three mfis disbursed only in financing in compared to million disbursed by the grameen bank in the
- as with conventional microfinance the primary problem in administering the mudaraba microfinancing is dealing with a principal agent problem between the microfinance institution the principal and the client the agent where the latter has an incentive not to repay the former because there is no direct monetary cost for doing so
- many organizations recently entering islamic microfinance combine a shari ah based microfinance program with zakat to help those too poor to be able to use microfinance
- the principles of islam provide the inspiration for a new model of microfinance but this model need not be limited to helping musli miss using the principles of islam to create a nondenominational microfinance institution can serve as a unique alternative to the traditional grameen style microfinance institution and help reduce poverty and create sustainable microbusinesses
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DOCUMENT WORD ANALYSIS
Main Category
- AlHuda Material\islamic micro
KeyWords
islam bankable microfin financial finance institute cooper bprs productcommodity indonesia convent bmt rural service sector commercial deposit average loan required
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DOCUMENT REFERENCES
Number of Pages
3
Published Date
2007-08-06 19:58:27
