Prospects and challenges of Islamic Microfinance Programmes: a case study in Bangladesh Online publication date: Sun, 11-Jan-2015
by Muhammad Sayeedul Haque, Masahiro Yamao
International Journal of Economic Policy in Emerging Economies (IJEPEE), Vol. 4, No. 1, 2011
Abstract: Poverty alleviation initiatives with microfinance under Islamic framework are of recent origin in Bangladesh. This study was conducted to assess the prospects and challenges of Islamic microfinance programmes in poverty alleviation. The findings revealed an inelastic demand for Islamic microfinance products over the conventional one. In the absence of Islamic financing sources, almost all Muslim respondents were compelled to borrow from the conventional interest-based lending sources. Lack of funding and support, allegation of involvement with funding and patronising militant activities and dominance of conventional NGO-MFIs were the main barriers for Islamic microfinance programmes in Bangladesh.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economic Policy in Emerging Economies (IJEPEE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com