2023
DOI: 10.1108/imefm-11-2021-0462
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Are donor funds used effectively? An examination of Islamic and conventional microfinance institutions

Abstract: Purpose This study aims to compare the nexus between donations to Islamic and conventional microfinance institutions (MFIs) and their credit risk, financial performance and social outreach. Design/methodology/approach The authors use fixed effects and two-step system generalized methods of moments models with internal instrumentation. The analysis is conducted on an international sample of 1,519 MFIs in 55 countries during 1999–2019. Findings Islamic MFIs receiving greater donations experience an increase … Show more

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Cited by 5 publications
(1 citation statement)
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References 55 publications
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“…Empirical research has been conducted using various estimation techniques to demonstrate the performance of IMFIs, which is growing and can be superior to conventional microfinance in terms of sustainability [ 95 ]. An improvement in performance quality with the support of social finance was achieved based on a sample of 1519 micro finance institutions in 55 countries using three parameters – credit risk, financial capacity, and outreach [ 86 ]. However, countries in the Middle East and North Africa (MENA) have shown lower IMFI performance in terms of outreach when they record high-income diversification [ 85 ].…”
Section: Finding and Discussionmentioning
confidence: 99%
“…Empirical research has been conducted using various estimation techniques to demonstrate the performance of IMFIs, which is growing and can be superior to conventional microfinance in terms of sustainability [ 95 ]. An improvement in performance quality with the support of social finance was achieved based on a sample of 1519 micro finance institutions in 55 countries using three parameters – credit risk, financial capacity, and outreach [ 86 ]. However, countries in the Middle East and North Africa (MENA) have shown lower IMFI performance in terms of outreach when they record high-income diversification [ 85 ].…”
Section: Finding and Discussionmentioning
confidence: 99%