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banks, and financial cooperatives. In this study we deal with the emerging Islamic microfinance sector in Indonesia …
Persistent link: https://www.econbiz.de/10003346201
The principles of Islamic finance are laid down in the sharia, Islamic law. Islamic finance, comprising financial transactions in banks and non-bank financial institutions formal and non-formal financial institutions, is based on the concept of a social order of brotherhood and solidarity. The...
Persistent link: https://www.econbiz.de/10003337747
Forays into Islamic microfinance have been few and scattered and of limited outreach. Some have been mandated by the … the state, as in Syria. This has provided the background for a more systematic study of Islamic microfinance in Indonesia …, the largest Muslim country, where several strands of Islamic microfinance, formal and semiformal, have evolved since 1990 …
Persistent link: https://www.econbiz.de/10003831176
We in the community of microfinance specialists want to help alleviate poverty. We think microfinance is a useful tool … other one the development of a healthy microfinance industry. If poverty reduction is our objective, then microfinance is … likely to be only one of several instruments; in fact it might turn out to be of minor importance. If viable microfinance …
Persistent link: https://www.econbiz.de/10011416297
Only relief achieves short-term poverty reduction, but is ineffective in the long run. Sustainable poverty reduction can only be attained through well-designed long-term development measures. For example, Indonesia is considered one of the most successful countries with regard to poverty...
Persistent link: https://www.econbiz.de/10010509350
Bangladesh is one of the poorest countries in the world; and women in that country are among the poorest of the poor. In the late 1970s, a man performed a miracle there. With a few loans out of his own pocket in 1976, Professor Yunus proved to himself that even the most downtrodden are able to...
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