Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries
Poverty dominates the agenda of developing countries. Poverty was and still is one of the major impediments of human progress and societal development. Its existence is as old as human history while its alleviation is attributed to effective and successfull economic policies. Various approaches/po...
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| Format: | Article |
| Language: | English English |
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IDOSI Publications
2014
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| Online Access: | http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/1/IWIMM_MEJSR_19-2%282014%29.pdf http://irep.iium.edu.my/41756/4/41756_Integrated%20waqf%20based%20islamic%20microfinance.SCOPUSpdf.pdf |
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| author | Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru |
| author_facet | Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru |
| author_sort | Haneef, Mohamed Aslam |
| building | IIUM Repository |
| collection | Online Access |
| description | Poverty dominates the agenda of developing countries. Poverty was and still is one of the major
impediments of human progress and societal development. Its existence is as old as human history while its
alleviation is attributed to effective and successfull economic policies. Various approaches/policies are offered
towards reducing poverty. These policies vary depending on time, space and the country concernced.
However, reduction of poverty the major goal of many economic systems as stated by the Millenium
Development Goals, thought sometimes not explicitly stated It was found that in OIC member countries
religious and cultural norms drive preference of Islamic microfinance over conventional microfinance.The study
further developed an Integrated waqf based Islamic micrfinance model (IWIMM) for poverty reduction in OIC
memebr countries.This is expected to overcome the challenges of conventional microfinance such as, high cost
of capital, low quality of human resource, vulnerabilites of poor borrowers due to lack of sustainable takaful
and limited products for the clients with different occupationanl backgrounds. However, the model is yet to be
verified empirically. Thus, further studies should be conducted to test the model using quantitative techniques
such as, structural equation modelling (SEM). |
| first_indexed | 2025-11-14T16:01:11Z |
| format | Article |
| id | iium-41756 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:01:11Z |
| publishDate | 2014 |
| publisher | IDOSI Publications |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-417562017-09-20T02:04:35Z http://irep.iium.edu.my/41756/ Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru H Social Sciences (General) Poverty dominates the agenda of developing countries. Poverty was and still is one of the major impediments of human progress and societal development. Its existence is as old as human history while its alleviation is attributed to effective and successfull economic policies. Various approaches/policies are offered towards reducing poverty. These policies vary depending on time, space and the country concernced. However, reduction of poverty the major goal of many economic systems as stated by the Millenium Development Goals, thought sometimes not explicitly stated It was found that in OIC member countries religious and cultural norms drive preference of Islamic microfinance over conventional microfinance.The study further developed an Integrated waqf based Islamic micrfinance model (IWIMM) for poverty reduction in OIC memebr countries.This is expected to overcome the challenges of conventional microfinance such as, high cost of capital, low quality of human resource, vulnerabilites of poor borrowers due to lack of sustainable takaful and limited products for the clients with different occupationanl backgrounds. However, the model is yet to be verified empirically. Thus, further studies should be conducted to test the model using quantitative techniques such as, structural equation modelling (SEM). IDOSI Publications 2014 Article PeerReviewed application/pdf en http://irep.iium.edu.my/41756/1/IWIMM_MEJSR_19-2%282014%29.pdf application/pdf en http://irep.iium.edu.my/41756/4/41756_Integrated%20waqf%20based%20islamic%20microfinance.SCOPUSpdf.pdf Haneef, Mohamed Aslam and Pramanik, Ataul Huq and Mohammed, Mustafa Omar and Muhammad, Aliyu Dahiru (2014) Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries. Middle-East Journal of Scientific Research, 19 (2). pp. 286-298. ISSN 1990-9233 http://www.idosi.org/mejsr/mejsr19%282%2914/20.pdf 10.5829/idosi.mejsr.2014.19.2.12565 |
| spellingShingle | H Social Sciences (General) Haneef, Mohamed Aslam Pramanik, Ataul Huq Mohammed, Mustafa Omar Muhammad, Aliyu Dahiru Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries |
| title | Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries |
| title_full | Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries |
| title_fullStr | Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries |
| title_full_unstemmed | Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries |
| title_short | Integrated waqf based islamic microfinance model (IWIMM) for poverty alleviation in OIC member countries |
| title_sort | integrated waqf based islamic microfinance model (iwimm) for poverty alleviation in oic member countries |
| topic | H Social Sciences (General) |
| url | http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/ http://irep.iium.edu.my/41756/1/IWIMM_MEJSR_19-2%282014%29.pdf http://irep.iium.edu.my/41756/4/41756_Integrated%20waqf%20based%20islamic%20microfinance.SCOPUSpdf.pdf |