Islamic microfinance as an instrument for poverty alleviation

Begum H., Alam M. R., ALAM A. S. A. F., Awang A. H.

Advanced Science Letters, vol.21, no.6, pp.1708-1711, 2015 (Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 21 Say: 6
  • Nəşr tarixi: 2015
  • Doi nömrəsi: 10.1166/asl.2015.6123
  • jurnalın adı: Advanced Science Letters
  • Jurnalın baxıldığı indekslər: Scopus
  • Səhifə sayı: pp.1708-1711
  • Açar sözlər: Bangladesh, Islamic microfinance (IM), Poverty alleviation, Riba
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

Islamic Microfinance (IM) is an important instrument for lessening poverty more than ever in Muslim majority developing countries. Over populated Bangladesh is one of the developing countries in the world. However, there are a number of financial institutions working with the concept from several years; it is still in the inception stage in Bangladesh. The purpose of the paper is to assess the potential of expanding IM as poverty alleviation technique in Bangladesh. The study found that concept of IM can easily be used to harness the religious beliefs of poor people by eradicating interest (Riba) from the financing mechanism.