Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?

This paper raises some concerns about the eligibility of obtaining micro financing from the Islamic banks. Do they have similar approach as in mostly conventional banks which make poor or low-income people not credit worthy or bankable? In order to achieve the objective of this study, a survey of 27...

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Main Authors:	Abbas, Kausar, Abdul Razak, Dzuljastri
Format:	Conference or Workshop Item
Language:	English English
Published:	2014
Subjects:	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/39369/ http://irep.iium.edu.my/39369/1/2nd_Asean_Conference_paper%2C_Yogja..pdf http://irep.iium.edu.my/39369/2/AICIF0001.pdf

id	iium-39369
recordtype	eprints
spelling	iium-393692018-06-25T00:46:52Z http://irep.iium.edu.my/39369/ Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan? Abbas, Kausar Abdul Razak, Dzuljastri HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. This paper raises some concerns about the eligibility of obtaining micro financing from the Islamic banks. Do they have similar approach as in mostly conventional banks which make poor or low-income people not credit worthy or bankable? In order to achieve the objective of this study, a survey of 270 micro-entrepreneurs was conducted in three major cities of Pakistan namely Rawalpindi, Lahore and Peshawar.The result indicated an overwhelming majority of respondents who applied in Islamic banks were rejected. This indicate issues faced by micro-entrepreneurs who have business experiences, good attitude towards work and high moral principles but these criteria are insufficient for the banks to consider. The study further highlights that the fundamental principle of Islamic microfinance is the submission of Islamic values to promote social justice for all and emphasizes on the content of moral, economic and social aspect,although, it requires more attention. As such, there is a need for Islamic banks to look into their existing business model and diversify their products that can cater for the needs of micro-entrepreneurs in order to fulfill the Maqasid Al-Shariah Key words: Micro-entrepreneurs, Islamic microfinance, Justice, Perception, Pakistan. 2014 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/39369/1/2nd_Asean_Conference_paper%2C_Yogja..pdf application/pdf en http://irep.iium.edu.my/39369/2/AICIF0001.pdf Abbas, Kausar and Abdul Razak, Dzuljastri (2014) Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan? In: 2nd Asean International Conference on Islamic Finance, 12th-14th November 2014, Yogyakarta. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. Abbas, Kausar Abdul Razak, Dzuljastri Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?
description	This paper raises some concerns about the eligibility of obtaining micro financing from the Islamic banks. Do they have similar approach as in mostly conventional banks which make poor or low-income people not credit worthy or bankable? In order to achieve the objective of this study, a survey of 270 micro-entrepreneurs was conducted in three major cities of Pakistan namely Rawalpindi, Lahore and Peshawar.The result indicated an overwhelming majority of respondents who applied in Islamic banks were rejected. This indicate issues faced by micro-entrepreneurs who have business experiences, good attitude towards work and high moral principles but these criteria are insufficient for the banks to consider. The study further highlights that the fundamental principle of Islamic microfinance is the submission of Islamic values to promote social justice for all and emphasizes on the content of moral, economic and social aspect,although, it requires more attention. As such, there is a need for Islamic banks to look into their existing business model and diversify their products that can cater for the needs of micro-entrepreneurs in order to fulfill the Maqasid Al-Shariah Key words: Micro-entrepreneurs, Islamic microfinance, Justice, Perception, Pakistan.
format	Conference or Workshop Item
author	Abbas, Kausar Abdul Razak, Dzuljastri
author_facet	Abbas, Kausar Abdul Razak, Dzuljastri
author_sort	Abbas, Kausar
title	Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?
title_short	Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?
title_full	Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?
title_fullStr	Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?
title_full_unstemmed	Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?
title_sort	who is eligible to obtain micro financing from islamic banks?a case study of pakistan?
publishDate	2014
url	http://irep.iium.edu.my/39369/ http://irep.iium.edu.my/39369/1/2nd_Asean_Conference_paper%2C_Yogja..pdf http://irep.iium.edu.my/39369/2/AICIF0001.pdf
first_indexed	2023-09-18T20:56:34Z
last_indexed	2023-09-18T20:56:34Z
_version_	1777410343512834048

Who is eligible to obtain micro financing from Islamic banks?a case study of Pakistan?

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