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The feasibility of financing Indonesian migrant workers by Islamic banks

Author

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  • Bambang Agus Pramuka

    (Faculty of Economics, Universitas Jenderal Soedirman)

Abstract

This paper identifies the profile of migrant workers located in Banyumas regency, assesses the financial feasibility of the scheme, and gauges the viability of the migrant workers financing from conventional and Islamic banks? perspectives. The samples comprises potential migrant workers, ex-migrant workers and their relatives. The nature of the study is descriptive qualitative where both primary and secondary data were analysed during the study. The result of the study indicates that financing migrant workers to work abroad is economically desirable for both conventional and Islamic banks. Either mode of financing, Islamic and conventional, are advantageous to the Indonesian workers who want to work abroad.

Suggested Citation

  • Bambang Agus Pramuka, 2012. "The feasibility of financing Indonesian migrant workers by Islamic banks," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 4(2), pages 173-180, April.
    • Handle: RePEc:uii:journl:v:4:y:2012:i:2:p:173-180
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    References listed on IDEAS

    as
    1. Muhammad Anas Zarqa, 2003. "Islamization of Economics: The Concept and Methodology تحقيق إسلامية علم الاقتصاد: المفهوم والمنهج," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 16(1), pages 3-42, January.
    2. Mr. Juan Sole, 2007. "Introducing Islamic Banks into Conventional Banking Systems," IMF Working Papers 2007/175, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Feasibility study; financing; migrant workers; Islamic banks;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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