Microcredit typically refers to petty collateral-free credits given to groups of poor members in the society for their socioeconomic emancipation. It is claimed to be an effective tool for enhancing income of the poor primarily through creation of selfemployment opportunities for them in a...

National governments and their development partners have considered microcredit as a strategic tool for vulnerable populations. Easy access to finance increases the client’s ability to invest and allows clients to use resources to change their behaviour, increase their business opportunities...

This study by Md. Mahmudul Alam and Professor Rafiqul Islam Molla on microfinance comes at the right time when the microfinance movement has come under attack from various quarters. There are exaggerated claims and counter-claims about microfinance's impact on poverty alleviation – one side...

The microfinance movement that began as a programme of actionresearch in a small village by Professor Muhammad in 1976 has quickly become a global phenomenon, attracting more than 100 million borrowers world-wide. The movement has been hailed as an innovative tool for poverty eradication

Many studies have evaluated the role of microcredit programs using the conventional assessment approach. However, the conventional system of socioeconomic role assessment cannot evaluate the performance of Islamic microcredit in terms of achieving the objectives of Shariah for the Islamic...

Malaysia is a fast growing developing country where majority of the people are Muslim. Due to the religious bindings, Muslim prefers Shariah compliant Islamic credits instead of conventional interest based credits. At the same time, non-Muslims can also consider Shariah compliant Islamic credit...