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Interest-free Microfinance in India: A Case Study of the Al-Khair Cooperative Credit Society التمويل الأصغر بدون فوائد في الهند: دراسة حالة لجمعية الخير التعاونية للائتمان

Author

Listed:
  • Wasiullah Shaik Mohammed

    (Research Scholar, B S Abdur Rahman Crescent Institute of Science and Technology, India)

  • Khalid Waheed

    (Assistant Professor, B S Abdur Rahman Crescent Institute of Science and Technology, India)

Abstract

Interest-free microfinance institutions are providing efficient services around the globe including in India. The current paper is a case study research of Al-Khair – a well-known interest-free credit cooperative society in India. In this paper, the authors try to understand the modus operandi of the selected institution. The selected institution has also been evaluated in terms of various parameters such as its current status, outreach, beneficiaries, growth, and financial health. In conclusion, the authors high-light the potential challenges facing this institution and make a few recommendations for its further growth and development.

Suggested Citation

  • Wasiullah Shaik Mohammed & Khalid Waheed, 2018. "Interest-free Microfinance in India: A Case Study of the Al-Khair Cooperative Credit Society التمويل الأصغر بدون فوائد في الهند: دراسة حالة لجمعية الخير التعاونية للائتمان," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(1), pages 47-66, January.
    • Handle: RePEc:abd:kauiea:v:31:y:2018:i:1:no:3:p:47-66
    DOI: 10.4197/Islec.31-1.3
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