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Two-staged Capital Structure: An Operational Guideline for Islamic Microfinance System

Author

Listed:
  • Shahriar Kabir
  • Ruhul Salim

Abstract

Islamic Microfinance (IMF) is a recently developed area of poverty alleviation practice; however, the system suffers from identifying usable operational structure and building up sustainable capital for the programs. This article proposes for a two-staged capital structure for IMF system, which would simultaneously overcome both limitations.

Suggested Citation

  • Shahriar Kabir & Ruhul Salim, 2016. "Two-staged Capital Structure: An Operational Guideline for Islamic Microfinance System," Monash Economics Working Papers 05-16, Monash University, Department of Economics.
    • Handle: RePEc:mos:moswps:2016-05
    as

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    File URL: https://www.monash.edu/business/economics/research/publications/publications2/0516islamicmicrofinancekabirsalim.pdf
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    References listed on IDEAS

    as
    1. Besley, Timothy & Coate, Stephen, 1995. "Group lending, repayment incentives and social collateral," Journal of Development Economics, Elsevier, vol. 46(1), pages 1-18, February.
    2. Rodney Wilson, 2007. "Making Development Assistance Sustainable Through Islamic Microfinance," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 15(2), pages 177-196, December.
    3. Chris Roche & Ben Rogaly, 1998. "Editorial: learning about learning on microfinance north and south," Journal of International Development, John Wiley & Sons, Ltd., vol. 10(6), pages 795-798.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Islamic Microfinance; Poverty Alleviation; Asset-Backed Lending System; Sustainable Social Capital; Zakah and Tabarru’ Fund;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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