An Impact of Islamic Microfinance on women borrower’s Happiness: A Psychological and Economic Theoretical perspective in Southern Punjab, Pakistan

Abstract

This study attempts to understand how Islamic microfinance can be used to increase happiness in women and maintain sustainable economic development in Southern Punjab, Pakistan. It will analyze how the principles of Islamic microfinance help women in increasing their happiness. It also put forth light on the linkage between economic development and happiness. The survey will be conducted in Bahawalpur the State of Southern Punjab, Pakistan. It will also be considered that religion is not a hindering factor in the implementation of Islamic microfinance. It will also assume that Islamic microfinance in concert with the right fiscal and monetary policies framework, will contribute positively to increase happiness among women in Pakistan.