Does Usage of Islamic Microfinance Products Influence the Income, Education, and Health in Mauritania?

Maouloud, Vatimetou Mokhtar; Kassim, Salina; Othman, Anwar Hasan Abdullah

doi:10.52747/aqujie.1.2.65

Cited by 1 publication

(2 citation statements)

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“…According to Maouloud et al. (2021), Islamic microfinance products such as Murabahah , Qard al-Hasan and savings have a positive impact on microenterprise development, leading to increased household income levels.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Naveed Aslam (2014) investigated the role of microfinance in reducing poverty in Pakistan, concluding that the living standards of clients improved because of the Islamic microfinance program, which also played a significant role in increasing per capita income, educational level and employment in Pakistan. Furthermore, a study carried out in Tunisia demonstrated that the economic empowerment of beneficiaries was achieved through the availability of Islamic microfinance(Zitouni and Jedidia, 2022).According toMaouloud et al (2021), Islamic microfinance products such as Murabahah, Qard al-Hasan and savings have a positive impact on microenterprise development, leading to increased household income levels. Equity financing of Islamic microfinance products through Musharakah and Mudarabah can further enhance beneficiary income and expenditure while alleviating poverty…”

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confidence: 99%

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Islamic microfinance services: a catalyst for poverty reduction in eastern Ethiopia

Shikur,

Akkas

2024

IMEFM

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Purpose This study aims to examine the influence of Islamic microfinance services (IMFS) on poverty reduction in the eastern part of Ethiopia. Design/methodology/approach A binary logistic regression model was used to analyze poverty reduction and income, education, household size, age and saving of IMFS through a semi-closed questionnaire by using a purposive sampling technique. A semi-closed interview with higher officials from an Islamic microfinance service was also used. Findings The study results show that the income, education, household size and age of the IMFS’ clients are the major influencing factors that affect poverty reduction in Ethiopia. Practical implications The study’s findings provide insights for policymakers to revise intensively their regulations and directives for Islamic microfinance operators. It emphasizes the government’s role in serving the community’s interests through financial inclusion and in developing programs to enhance the effectiveness of Islamic microfinance operations in the poverty reduction process. As a social implication, Islamic microfinance service providers gain insights into how beneficiary-side variables contribute to the country’s poverty reduction after offering Islamic microfinance products to them. Originality/value The results of this study are distinctive because they show how poverty reduction in Ethiopia is influenced by how income level is increased, how better educational level is attained, how household size is managed and how well the age of the client is effectively used for productivity. The paper also provides a new view of Islamic microfinance in Ethiopia, its influencing factors for poverty reduction and challenges with the operating system.

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Section: Literature Reviewmentioning

confidence: 99%

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confidence: 99%