Purpose This study aims to gain the perception of Selangor's disadvantaged women on the Sharīʿah (Islamic law) rules on two micro-equity financing instruments, namely, muḍārabah (profit sharing) and mushārakah (profit-and-loss sharing) (M&M). Design/methodology/approach A survey was...

Beginning in the 1930s and increasing significantly post-colonialism, some Muslims scholars have wondered about the divine edict of interest-free nominal sector and how to realize it in the context of modern mass deposit institution and wide, concentrated financing demand for trade,...

This study was conducted to examine the role of Islamic microfinance on poverty alleviation. The four indicators of poverty alleviation were used: income levels, children’s education, health care, and business progress. This study used the sample of 150 borrowers from 20 Islamic microfinance...

Many approaches and tools have been utilized throughout the globe by public and private sector organizations to curtail the deprivations and enhance welfare of the poor. Islamic Microfinance is one of them and is rapidly getting popular in Muslims as well as non-Muslims majority population...

Abstract From the end of World War Two, the core methodology of law and development projects has been to transplant the best legal institutions of Western capitalism to poor and emerging economies. In many post-colonial contemporary Muslim-majority countries, such programs have not adequately...

Abstract In this article, we examine the role and ethics of IBF in the context of development and address the critique that IBF is merely a rebranding of the conventional sector and merely exploits and further marginalises beneficiaries for profit. We focus on Islamic microfinance (IMF) in...

It is largely assumed that Islamic microfinance institutions (IMFIs) deal with family empowerment instead of women's empowerment. However, women are the main beneficiaries of Baitul Maal Wat Tamwil (BMT), Indonesia's first IMFIs. This paper aims to explore the origins, the initiators, and the...

Purpose: The purpose of this paper is to understand interest-free microfinance practices in India, identify issues and recommend possible solutions. Design/methodology/approach To achieve the proposed objectives, Bait-un-Nasr (BuN) Urban Cooperative Credit Society, located in Mumbai, India, is...