The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study

This research aims to investigate the current practice of Islamic microfinance in Mogadishu, Somalia and to examine the effectiveness of Islamic microfinance institutions in Somalia on poverty reduction. In total, 65 microfinance recipients participated in the survey. This research adopts a quant...

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Main Authors:	Elmi Xalane, Mohamed Abdi, Che Mohd Salleh, Marhanum
Format:	Article
Language:	English
Published:	New Millennium Discoveries 2019
Subjects:	H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance HJ Public Finance HV Social pathology. Social and public welfare
Online Access:	http://irep.iium.edu.my/76747/ http://irep.iium.edu.my/76747/1/Elmi%20Xalane%20%26%20Che%20Mohd%20Salleh%20%282019%29.pdf

id	iium-76747
recordtype	eprints
spelling	iium-767472019-12-20T07:08:16Z http://irep.iium.edu.my/76747/ The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study Elmi Xalane, Mohamed Abdi Che Mohd Salleh, Marhanum H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance HJ Public Finance HV Social pathology. Social and public welfare This research aims to investigate the current practice of Islamic microfinance in Mogadishu, Somalia and to examine the effectiveness of Islamic microfinance institutions in Somalia on poverty reduction. In total, 65 microfinance recipients participated in the survey. This research adopts a quantitative methodology, using a survey and descriptive analysis. Findings show that the current practice of Islamic microfinance in Mogadishu is serving the poor and that these microfinance activities are effective in terms of obtaining loans, enhancement of standards of living and usefulness of the system. Nonetheless, there is a low level of awareness among the locals regarding the availability of Islamic microfinance. New Millennium Discoveries 2019-10-18 Article PeerReviewed application/pdf en http://irep.iium.edu.my/76747/1/Elmi%20Xalane%20%26%20Che%20Mohd%20Salleh%20%282019%29.pdf Elmi Xalane, Mohamed Abdi and Che Mohd Salleh, Marhanum (2019) The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study. International Journal of Management and Applied Research, 6 (4). pp. 355-365. ISSN 2056-757X
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance HJ Public Finance HV Social pathology. Social and public welfare
spellingShingle	H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance HJ Public Finance HV Social pathology. Social and public welfare Elmi Xalane, Mohamed Abdi Che Mohd Salleh, Marhanum The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study
description	This research aims to investigate the current practice of Islamic microfinance in Mogadishu, Somalia and to examine the effectiveness of Islamic microfinance institutions in Somalia on poverty reduction. In total, 65 microfinance recipients participated in the survey. This research adopts a quantitative methodology, using a survey and descriptive analysis. Findings show that the current practice of Islamic microfinance in Mogadishu is serving the poor and that these microfinance activities are effective in terms of obtaining loans, enhancement of standards of living and usefulness of the system. Nonetheless, there is a low level of awareness among the locals regarding the availability of Islamic microfinance.
format	Article
author	Elmi Xalane, Mohamed Abdi Che Mohd Salleh, Marhanum
author_facet	Elmi Xalane, Mohamed Abdi Che Mohd Salleh, Marhanum
author_sort	Elmi Xalane, Mohamed Abdi
title	The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study
title_short	The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study
title_full	The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study
title_fullStr	The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study
title_full_unstemmed	The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study
title_sort	role of islamic microfinance for poverty alleviation in mogadishu, somalia: an exploratory study
publisher	New Millennium Discoveries
publishDate	2019
url	http://irep.iium.edu.my/76747/ http://irep.iium.edu.my/76747/1/Elmi%20Xalane%20%26%20Che%20Mohd%20Salleh%20%282019%29.pdf
first_indexed	2023-09-18T21:48:23Z
last_indexed	2023-09-18T21:48:23Z
_version_	1777413604085071872

The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study

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