Microfinance Commercialization, Challenges and Issues in Developing Countries: A Critical Literature Review

Nugroho, Agus Eko

doi:10.7454/efi.v54i2.96

Cited by 2 publications

(2 citation statements)

References 6 publications

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“…In fact, majority of the committed Muslims confronted with the problems of poverty can be provided with Islamic microfinance services as they reject the interest-based loans by commercial banks in those countries (Haneef et al, 2015;Azmi and Thaker, 2020). Nugroho (2015) highlighted that many commercial MFIs remain dependence on subsidy and fail to achieve a greater outreach. Many MFIs still tend to use subsidies from many sources including government, donor funds, and charities (Armendariz and Morduch, 2010).…”

Section: Problems and Challenges Faced By Mfismentioning

confidence: 99%

A Proposed Integrated Islamic Crowdfunding - Microfinance (Iicm) Model for Poverty Reduction: A Case Study of Indonesia

Mohd Thas Thaker,

Bin Mohd Thas Thaker,

Bin Allah Pitchay

et al. 2021

Int. J. Is. Ec. Fi. Res.

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Poverty is a complex, multi-dimensional phenomena that has captured the attention of numerous scholars and agencies globally including OIC member countries. In order to address this alarming poverty problem, some of the OIC countries have adopted the institution of microfinance as a solution, including in Indonesia. In spite of its expansion, microfinance continues to face the problem of accessing affordable financing. Hence, this paper aims to attempt to offer a viable alternative model of source of financing which is known as Integrated Islamic Crowdfunding- Microfinance (IICM) model for microfinance clients in Indonesia. In order to achieve this objective, literature on the issues of accessing to finance faced by microfinance clients and crowdfunding are reviewed critically and used in the attempt of proposing an alternative model. The proposed model will assist microfinance institutions and clients of Indonesia in identifying sustainable financing source and a viable alternative model for poverty alleviation. Through this, Indonesia will play a leading role among the Muslim countries with the noble idea of Islamic crowdfunding and microfinance in poverty alleviation agenda. It enables policy makers to plan more effective plans/strategies to enhance the potential of Islamic crowdfunding among the Muslim countries in addressing issue of poverty in general.

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Section: Problems and Challenges Faced By Mfismentioning

confidence: 99%

A Proposed Integrated Islamic Crowdfunding - Microfinance (Iicm) Model for Poverty Reduction: A Case Study of Indonesia

Mohd Thas Thaker,

Bin Mohd Thas Thaker,

Bin Allah Pitchay

et al. 2021

Int. J. Is. Ec. Fi. Res.

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“…According to Bararah & Nugroho and Asutay (8,9), in order to realize the benefits of the community, the operations of Islamic banks have the aim of not only seeking profit (financial performance) but also providing social impact for the community (social performance) (3,4). Maqhasid syariah is the objective of the existence of Islamic Banks, which is protecting the religion, bearing on the soul, protecting the mind, preserving the offspring, protecting the property, and protecting the environment (10)(11)(12). Thus, all elements of the sharia maqhasid have the aim of maintaining the continuity of a more civilized human life.…”

Section: Graph 12 Growth Of Problematic Financing Of the Sharia Bankmentioning

confidence: 99%

The urgency of Leadership in Islamic Banking Industries Performance

Nugroho¹,

Hidayah²,

Badawi³

et al. 2020

Proceedings of the Proceedings of the First Annual Conference of Economics, Business, and Social Science, ACEBISS 2019, 26 - 30

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The purpose of this study is to provide information to all stakeholders in the Islamic banking industry related to the importance of the role of leaders in maintaining the performance of the bank Islamic Bank to increase the trust of the ummah in using financial services of Islamic banks. This research is a conceptual paper using qualitative methodology supported by data and theoretical studies from previous studies.

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Microfinance Commercialization, Challenges and Issues in Developing Countries: A Critical Literature Review

Abstract: .

Cited by 2 publications

References 6 publications

A Proposed Integrated Islamic Crowdfunding - Microfinance (Iicm) Model for Poverty Reduction: A Case Study of Indonesia

A Proposed Integrated Islamic Crowdfunding - Microfinance (Iicm) Model for Poverty Reduction: A Case Study of Indonesia

The urgency of Leadership in Islamic Banking Industries Performance

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