IDEAS home Printed from https://ideas.repec.org/a/abd/kauiea/v32y2019i2no11p139-160.html
   My bibliography  Save this article

Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries نموذج التمويل الأصغر وإعادة التأهيل الإسلامي للأحياء الفقيرة والعائمة من قبل صناديق الوقف ، حالة بنغلاديش: اقتراح للدول الإسلامية

Author

Listed:
  • Basharat Hossain

    (Assistant Professor of Economics, Department of Business Administration International Islamic University, Chittagong (IIUC), Bangladesh)

Abstract

ABSTRACT. This paper designs a conceptual model of Islamic microfinance and rehabilitation by using the waqf funds for the slum and floating population. It analyzes both the primary and the secondary data on the current status of Islamic microfinance coverage (in thirteen countries), waqf estates (in seven countries), and the slum and floating population in thirty five Muslim countries of the world. The primary data was accumulated on 150 microfinance borrowers and 100 non-borrowers of Bangladesh. This paper presents a multifunctional structure of an autonomous waqf management institution to execute the model of this paper. This institution will be formed by the joint venture of the government, the national, as well as international Islamic agencies. Furthermore, this model will be implemented through five stages, the revival and registration of the waqf estate, accumulation of funds, initiating the Islamic microfinance and rehabilitation for the slum population, and finally, forward linkage that may help the slum people to contribute to the society. هذه الورقة تقدم نموذجًا مفاهيميًا للتمويل الأصغر الإسلامي وإعادة التأهيل من خلال استخدام أموال الوقف لصالح الأحياء الفقيرة والعائمة. وتحلل كلاً من البيانات الأولية والثانوية عن الوضع الحالي لتغطية التمويل الأصغر الإسلامي (في ثلاثة عشر دولة)، وعقارات الوقف (في سبع دول)، والأحياء الفقيرة والعائمة في خمسة وثلاثين دولة إسلامية في العالم. تم تجميع البيانات الأولية عن 150 من المقترضين في مجال التمويل الأصغر و 100 من غير المقترضين في بنغلاديش. تعرض هذه الورقة بنية متعددة الوظائف لمؤسسة إدارة الوقف مستقلة لتنفيذ نموذج هذه الورقة. سيتم تشكيل هذه المؤسسة من خلال مشروع مشترك بين الحكومة والهيئات الإسلامية الوطنية والدولية. علاوة على ذلك، سيتم تنفيذ هذا النموذج من خلال المراحل الخمس: إحياء وتسجيل عقار الوقف، وتجميع الأموال، وإنشاء التمويل الأصغر الإسلامي وإعادة التأهيل لسكان الأحياء الفقيرة، وأخيرا الربط الأمامي الذي قد يساعد سكان الأحياء الفقيرة على المساهمة في المجتمع.

Suggested Citation

  • Basharat Hossain, 2019. "Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries نموذج التمويل الأصغر وإعادة التأهيل الإسلامي ل," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(2), pages 139-160, January.
    • Handle: RePEc:abd:kauiea:v:32:y:2019:i:2:no:11:p:139-160
    DOI: 10.4197/Islec.32-2.11
    as

    Download full text from publisher

    File URL: https://iei.kau.edu.sa/Files/121/Files/153868_32-02-11-BasharatHossain3.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.4197/Islec.32-2.11?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Aan JAELANI, 2016. "Zakah Management for Poverty Alleviation in Indonesia and Brunei Darussalam," Turkish Economic Review, KSP Journals, vol. 3(3), pages 495-512, September.
    2. Joanna Ledgerwood, 1998. "Microfinance Handbook: An Institutional and Financial Perspective," World Bank Publications - Books, The World Bank Group, number 12383.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lucia Dalla Pellegrina & Giorgio Di Maio & Paolo Landoni & Emanuele Rusinà, 2021. "Money management and entrepreneurial training in microfinance: impact on beneficiaries and institutions," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 1049-1085, October.
    2. Hemtanon, Wittawat & Gan, Christopher, 2022. "Sustainability of Microfinance Institutions in Thailand," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 19(1), June.
    3. International Monetary Fund, 2002. "Microfinance Institutions and Public Policy," IMF Working Papers 2002/159, International Monetary Fund.
    4. Cyrus Munyua, 2016. "Factors Affecting Loan Default In Microfinance Institutions In Kirinyaga County," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 4(3), pages 37-71, August.
    5. Jules Yimga, 2017. "Mitigating Loan Prepayment Troubles during Microfinance Expansion: Evidence from a Large Panel," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 42(2), pages 39-49, June.
    6. B.S. Suran & D. Narayana, 2009. "The Deluge of debt: Under-standing the financial needs of poor households," Centre for Development Studies, Trivendrum Working Papers 412, Centre for Development Studies, Trivendrum, India.
    7. Alain De CROMBRUGGHE & Michel TENIKUE & Julie SUREDA, 2008. "Performance Analysis For A Sample Of Microfinance Institutions In India," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(2), pages 269-299, June.
    8. Masahiro Shoji, 2010. "Does Contingent Repayment in Microfinance Help the Poor During Natural Disasters?," Journal of Development Studies, Taylor & Francis Journals, vol. 46(2), pages 191-210.
    9. Rini Rini, 2020. "A Review of the Literature on Zakah between 2003 and 2019," International Journal of Economics and Financial Issues, Econjournals, vol. 10(2), pages 156-164.
    10. International Monetary Fund, 2003. "Income Inequality and Redistributive Government Spending," IMF Working Papers 2003/014, International Monetary Fund.
    11. Mr. Vassili Prokopenko & Mr. Paul Holden, 2001. "Financial Development and Poverty Alleviation: Issues and Policy Implications for Developing and Transition Countries," IMF Working Papers 2001/160, International Monetary Fund.
    12. B. S. Suran & Narayana D, 2009. "The Deluge of Debt: Understanding the Financial Needs of Poor Households," Working Papers id:2260, eSocialSciences.
    13. Wijesiri, Mahinda & Yaron, Jacob & Meoli, Michele, 2017. "Assessing the financial and outreach efficiency of microfinance institutions: Do age and size matter?," Journal of Multinational Financial Management, Elsevier, vol. 40(C), pages 63-76.
    14. Jasman Tuyon & Okey Peter Onyia & Aidi Ahmi & Chia-Hsing Huang, 2023. "Sustainable financial services: reflection and future perspectives," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(4), pages 664-690, December.
    15. S. SARAVANAN & Devi Prasad DASH, 2017. "Growth and distribution of microfinance in India: A panel data analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(610), S), pages 127-146, Spring.
    16. Janda, Karel & Zetek, Pavel, 2014. "The Impact of Public Spending on the Performance of Microfinance Institutions," MPRA Paper 55690, University Library of Munich, Germany.
    17. Khan, Md Faisal Abedin & Uddin, Md Sazib & Giessen, Lukas, 2021. "Microcredit expansion and informal donor interests: Experiences from local NGOs in the Sundarbans Mangrove Forest, Bangladesh," World Development Perspectives, Elsevier, vol. 21(C).
    18. Ninik Sri Rahayu, 2020. "The Intersection of Islamic Microfinance and Women’s Empowerment: A Case Study of Baitul Maal Wat Tamwil in Indonesia," IJFS, MDPI, vol. 8(2), pages 1-13, June.
    19. Peter Wanke & M. Kabir Hassan & Md. Abul Kalam Azad & Md. Azizur Rahman & Naznin Akther, 2022. "Application of a distributed verification in Islamic microfinance institutions: a sustainable model," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-12, December.
    20. Philippe Adair & Imène Berguiga, 2015. "The interest rates and performance of MFIs in the MENA region: is there a moral issue?," Post-Print hal-01667342, HAL.

    More about this item

    Keywords

    Waqf; Islamic Microfinance; Rehabilitation; Slum population; Muslim countries. الوقف، التمويل الأصغر الإسلامي، إعادة التأهيل ، سكان الأحياء الفقيرة ، الدول الإسلامية.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abd:kauiea:v:32:y:2019:i:2:no:11:p:139-160. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: King Abdulaziz University, Islamic Economics Institute. (email available below). General contact details of provider: https://edirc.repec.org/data/cikausa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.