Financial and social efficiency of microcredit programs of partner organizations of Pakistan Poverty Alleviation Fund

Ali, Zulfıqar; Asif, Muhammad; Nazir, Naila; Irshad, Ateeq ur Rehman; Ullah, Ikram; Ahmad, Shabir

doi:10.1371/journal.pone.0280731

Cited by 3 publications

(1 citation statement)

References 52 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Nonetheless, Organizations of Islamic Cooperation (OIC) should promote crowdfunding, especially by developing a consciousness of becoming investors and entrepreneurs who are conversant with Shari'ah compliance. In nut shell, this study has corroborated several studies that advocated for the usefulness of crowdfunding for solving the problem of poverty within the framework of Islamic legal system (Amuda and Hassan (2023); unemployment reduction (Amuda, 2022); financial and social efficiency through partnership programmes (Ali et al, 2023) and provision of social responsibility service (Pinto, 2023).…”

Section: Discussion Of Major Findingssupporting

confidence: 79%

Qualitative perspectives of middle and high skilled workers on humanitarian crowdfunding for poverty reduction in selected organization of Islamic cooperation

Amuda,

Hassan

2023

J. Infras. Policy. Dev.

View full text Add to dashboard Cite

Crowd humanitarian fund, otherwise termed as mutual fund, has overwhelmingly been discussed by many scholars and researchers in western countries. There is obscurity in existing literature in Islamic countries with respect to the interconnectedness between various Islamic financial concepts within the Islamic legal framework and the conceptualization of crowd humanitarian funds. The primary objective of this paper is to address this obscurity by investigating the perspectives of middle- and high-skilled workers among members of the Organization of Islamic Cooperation (OIC) with respect to the crowd humanitarian fund. Hence, the central research question (CRQ) was formulated as follows: How do the middle and high-skilled workers perceive the generation of crowd-humanitarian funds for the purpose of helping the less privileged citizens in Organization of Islamic Cooperation (OIC) countries? The qualitative method was used as the methodology of the study. In order to collect data for the study, an open-ended interview was employed, and a total of 22 participants were interviewed. Three major themes were generated from the interview, namely: An overview of crowd humanitarian funds, categories of less privileged people in OIC countries, and the use of humanitarian funds for poverty reduction. The findings indicated that the traditional method of collecting funds from crowds is to assist with any humanitarian issue is still applicable in many Muslim countries. In addition, the unity in contributing to the humanitarian fund from the crowd, that is, common practice in Muslims’ culture is what Western society terms as crowdfunding. It is further revealed that there are different categories of people, such as the poor, the needy, and people with low incomes, who can benefit from crowdfunding, especially by using it for investment purposes. In addition, crowdfunding is considered an essential monetary relief to less fortunate individuals or communities in order to have a sustainable life. It can also be used for provision of social amenities such as food, shelters, clothes, hospitals, schools, and job opportunities.

show abstract

Section: Discussion Of Major Findingssupporting

confidence: 79%

Qualitative perspectives of middle and high skilled workers on humanitarian crowdfunding for poverty reduction in selected organization of Islamic cooperation

Amuda,

Hassan

2023

J. Infras. Policy. Dev.

View full text Add to dashboard Cite

show abstract

Construction and Empirical Evidence of Early Warning Index System for Returning to Poverty from the Perspective of Rural Revitalization

Chen,

Tan,

Jain

2024

2024 International Conference on Integrated Circuits and Communication Systems (ICICACS)

View full text Add to dashboard Cite

Agents of Economic Resilience and the Role of Islamic Approach Towards Financial Inclusion During the Covid-19 Pandemic: A Case of Pakistan

Kiran,

Athar,

Khan

2023

JPR

View full text Add to dashboard Cite

In times of hyperinflation, these days Pakistan is confronted with health financing and food crises. It is essential to decrease the likelihood of food insecurity and economic vulnerability. This study aims to investigate the Vulnerability of society to pandemic shocks and the resilience of an Islamic nation such as Pakistan, as well as to investigate and identify the agents of Economic resilience in Pakistan. This study also investigated the function of Islamic financial inclusion strategies during pandemics. This study utilizes a variety of data categories and methods. The study's conclusion was reached using both primary and secondary qualitative and quantitative data. The study found that the majority of individuals are susceptible to such disruptions in terms of health, income, and social construction. The study revealed that there are numerous economic resilience agents in Pakistan, which play a significant role in bolstering support for small households and poor families. The analysis of quantitative data sets revealed that interventions or agents of change/resilience have had a significant impact on reducing hunger risk, infant deprivation, and other societal vulnerabilities. The conclusion of the study is that both formal and informal service providers contribute to enhancing the community's resilience through financial inclusion and a transitory support system. The conclusion of the study argues that the Islamic approach to financial transactions is more dependable and satisfactory for households and community-oriented organizations.

show abstract

Financial and social efficiency of microcredit programs of partner organizations of Pakistan Poverty Alleviation Fund

Cited by 3 publications

References 52 publications

Qualitative perspectives of middle and high skilled workers on humanitarian crowdfunding for poverty reduction in selected organization of Islamic cooperation

Qualitative perspectives of middle and high skilled workers on humanitarian crowdfunding for poverty reduction in selected organization of Islamic cooperation

Construction and Empirical Evidence of Early Warning Index System for Returning to Poverty from the Perspective of Rural Revitalization

Agents of Economic Resilience and the Role of Islamic Approach Towards Financial Inclusion During the Covid-19 Pandemic: A Case of Pakistan

Contact Info

Product

Resources

About