Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria

Nigeria is one of the leading economies in Africa endowed with vast oil reserve and abundant human and material resources. Despite these resources, poverty among the populace is widely spread. The National Planning Commission in Nigeria in 2012 reported that more than 75 million people are trapped b...

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Main Authors:	Gumel, Gambo, Md Saad, Norma, Kassim, Salina
Format:	Article
Language:	English
Published:	Islami Bank Training and Research Academy 2014
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/40747/ http://irep.iium.edu.my/40747/ http://irep.iium.edu.my/40747/1/Microfinance_in_Nigeria_Babandi_JIEBF.pdf

id	iium-40747
recordtype	eprints
spelling	iium-407472016-10-20T03:31:27Z http://irep.iium.edu.my/40747/ Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria Gumel, Gambo Md Saad, Norma Kassim, Salina HG1501 Banking Nigeria is one of the leading economies in Africa endowed with vast oil reserve and abundant human and material resources. Despite these resources, poverty among the populace is widely spread. The National Planning Commission in Nigeria in 2012 reported that more than 75 million people are trapped by poverty. Several efforts have been put forward at various points in time by successive governments, private entrepreneurs and other development partners to overcome the menace of poverty among the populace. Recently, the Islamic microfinance becomes a mechanism through which poverty is being challenged aswitnessed in some Muslim countries such as Bangladesh, Malaysia, and Pakistan. The purpose of this study is to examine the role of Islamic mircofinance products on poverty alleviation in northen part of Nigeria. The study used recipients of Islamic loan from some selected microfinance banks in Kano and Jigawa states of Nigeria. A total of 400 samples drawn from beneficiaries of Islamic microfinance loan through simple random sampling were used. Questionnaires were used and the data generated were analyzed using Pearson correlation analysis. The findings of the study has also identified that amount of Islamic loan, age, level of education, and gender as important variables for increasing household income. Microfinance regulators or policy makers (Central Bank of Nigeria) will also make use the findings of this study in designing policy framework for microfinance institutions in Nigeria. Islami Bank Training and Research Academy 2014 Article PeerReviewed application/pdf en http://irep.iium.edu.my/40747/1/Microfinance_in_Nigeria_Babandi_JIEBF.pdf Gumel, Gambo and Md Saad, Norma and Kassim, Salina (2014) Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria. Journal of Islamic Economics, Banking and Finance, 10 (4). pp. 37-49. ISSN 2070-4658 http://ibtra.com/journal_current_issue.php
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Gumel, Gambo Md Saad, Norma Kassim, Salina Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
description	Nigeria is one of the leading economies in Africa endowed with vast oil reserve and abundant human and material resources. Despite these resources, poverty among the populace is widely spread. The National Planning Commission in Nigeria in 2012 reported that more than 75 million people are trapped by poverty. Several efforts have been put forward at various points in time by successive governments, private entrepreneurs and other development partners to overcome the menace of poverty among the populace. Recently, the Islamic microfinance becomes a mechanism through which poverty is being challenged aswitnessed in some Muslim countries such as Bangladesh, Malaysia, and Pakistan. The purpose of this study is to examine the role of Islamic mircofinance products on poverty alleviation in northen part of Nigeria. The study used recipients of Islamic loan from some selected microfinance banks in Kano and Jigawa states of Nigeria. A total of 400 samples drawn from beneficiaries of Islamic microfinance loan through simple random sampling were used. Questionnaires were used and the data generated were analyzed using Pearson correlation analysis. The findings of the study has also identified that amount of Islamic loan, age, level of education, and gender as important variables for increasing household income. Microfinance regulators or policy makers (Central Bank of Nigeria) will also make use the findings of this study in designing policy framework for microfinance institutions in Nigeria.
format	Article
author	Gumel, Gambo Md Saad, Norma Kassim, Salina
author_facet	Gumel, Gambo Md Saad, Norma Kassim, Salina
author_sort	Gumel, Gambo
title	Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_short	Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_full	Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_fullStr	Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_full_unstemmed	Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria
title_sort	assessing the impact of islamic microfinance on poverty alleviation in northern nigeria
publisher	Islami Bank Training and Research Academy
publishDate	2014
url	http://irep.iium.edu.my/40747/ http://irep.iium.edu.my/40747/ http://irep.iium.edu.my/40747/1/Microfinance_in_Nigeria_Babandi_JIEBF.pdf
first_indexed	2023-09-18T20:58:25Z
last_indexed	2023-09-18T20:58:25Z
_version_	1777410460402843648

Assessing the impact of Islamic microfinance on poverty alleviation in Northern Nigeria

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