Applicability of Islamic Microfinance Bank  Solution to Poverty Reduction in the Northeast Nigeria

Muhammad, Tijjani; Mamman, Dani

doi:10.24940/ijird/2017/v6/i11/oct17077

Cited by 2 publications

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“…Using more flexible instruments can create incentives to use less cash while, simultaneously, the count ability of economic performance by statistical instruments continues to improve. At the same time, tax discipline will improve, and overall social payment costs will decrease, meaning that the economy as a whole will begin to whiten, leading to increased competitiveness (Muhammad and Mamman, 2017). However, the introduction of Mobile Financial Services has significant advantages over traditional payment methods such as physical bills of exchange, checks, and coins (Muhammad and Melemi, 2019).…”

Section: Introductionmentioning

confidence: 99%

Factors Influencing the Adoption of Mobile Financial Services in Enhancing Financial Inclusion: Using Structural Equation Modeling for the Decision-Making Approach

BASHIR

MUHAMMAD²

2023

Innovare J Social Sci

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The study aims to examine the relationship between mobile financial services and financial inclusion. Using modification hypotheses related to the technology acceptance model, the theory of Rational Behavior, and the Theory of Planned Behavior were adopted to test hypothesized relationships. The study employed a quantitative approach whereby 220 respondents participated in the survey online, accessing the view on mobile financial services in promoting financial inclusion. Convenience sampling was adopted to select appropriate and needed participants for the study. The study focused on the perception of the mobile users that use mobile banking regarding its usefulness as a banking service. The findings indicate social influence, performance expectancy, risk perception, and trust perception are significantly related to mobile financial services and enhance financial inclusion. The study found that the more mobile banking customers interact with devices, the more mobile financial services grow and accept innovations towards technology and convenient service, and the more likely they are to adopt it. The study contributed significantly to the existing body of knowledge through mobile financial services. The strength of the relationship between mobile financial services and financial inclusion through the independent variables. This provides essential insights and analysis that can influence the outcome of other relationships and the model. A notable limitation is the underestimation of the rural population in this study is significantly important. Future studies should provide larger rural samples of mobile banking users.

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Section: Introductionmentioning

confidence: 99%

Factors Influencing the Adoption of Mobile Financial Services in Enhancing Financial Inclusion: Using Structural Equation Modeling for the Decision-Making Approach

BASHIR

MUHAMMAD²

2023

Innovare J Social Sci

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“…Although poverty alleviation does not necessarily reflect a high level of financial development in a country, other studies have confirmed some linkages between financial development and economic development. Thus, a growing concern is that fostering financial development and increasing access to financial services can eradicate poverty (Muhammad and Mamman, 2017). Development economists insist that improving access to financial services and ensuring financial inclusion to all members of society should be a major aim of communities working on poverty reduction.…”

Section: Introductionmentioning

confidence: 99%

The Role of Islamic Microfinance Banks in Promoting the Social Welfare: A Case Study of Yobe Microfinance Bank

IBRAHIM,

MUHAMMAD

2023

Innovare J Social Sci

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The study assesses the Islamic Microfinance Bank’s role in promoting customers’ social welfare, using the newly developed products of Yobe Microfinance Bank to encourage inclusion and alleviate poverty in the Yobe communities. Yobe State is ranked bottom as the poorest in the region and scores low on human development and poverty alleviation. It indicates low education rates, poor implementation of government policies on poverty, and a high financial exclusion rate. The study adopted a qualitative approach using random sampling to collect data from customers of Yobe Microfinance Bank. Using the acceptability of the newly introduced sharia complaint products of Yobe Microfinance among the people in Yobe state, using the Structural Equation Modelling, 300 respondents completed the survey using a Likert scale. The study employed Structural Equation Modeling to analyze and test reliability and validity to provide accuracy of respondents’ information. The finding indicates the positive relationship between Islamic banking products and customer satisfaction. The study concludes that introducing and consistently managing Islamic products can improve social welfare and reduce poverty through financial inclusion in the state.

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Applicability of Islamic Microfinance Bank Solution to Poverty Reduction in the Northeast Nigeria

Cited by 2 publications

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Factors Influencing the Adoption of Mobile Financial Services in Enhancing Financial Inclusion: Using Structural Equation Modeling for the Decision-Making Approach

Factors Influencing the Adoption of Mobile Financial Services in Enhancing Financial Inclusion: Using Structural Equation Modeling for the Decision-Making Approach

The Role of Islamic Microfinance Banks in Promoting the Social Welfare: A Case Study of Yobe Microfinance Bank

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