Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan
Poverty is considered one of the basic problems confronted by the developing and underdeveloped countries of the world including Muslim majority countries like Pakistan. During the last two decades, microfinance institutions have been rapidly established all around the world on the premise that they...
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| Format: | Article |
| Language: | English English |
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IIUM Press
2017
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| Online Access: | http://irep.iium.edu.my/59945/ http://irep.iium.edu.my/59945/1/Prof.%20Khaliq-AsShajarah%20%28SI%20-%20IIBF%29.pdf http://irep.iium.edu.my/59945/7/59945_Impact%20assessment%20of%20Islamic%20microfinance_scopus.pdf |
| _version_ | 1848785404454502400 |
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| author | Ahmad, Khaliq Abideen Adeyemi, Adewale Nauman Khan, Mohamad |
| author_facet | Ahmad, Khaliq Abideen Adeyemi, Adewale Nauman Khan, Mohamad |
| author_sort | Ahmad, Khaliq |
| building | IIUM Repository |
| collection | Online Access |
| description | Poverty is considered one of the basic problems confronted by the developing and underdeveloped countries of the world including Muslim majority countries like Pakistan. During the last two decades, microfinance institutions have been rapidly established all around the world on the premise that they can alleviate poverty. These institutions open new horizons of economic development. But majority of Muslim populace yearn for Islamic products over conventional microfinance products on account of religious injunctions against paying interest. This paper attempts to analyze
the multilevel impact of Islamic microfinance on two Pakistani cities (Multan and Lahore) poor population. This has three dimensions at (i) household level, (ii) enterprise level and (iii) religious, social & ethical levels. Primary data has been collected from the program participants of microfinance institutions in Pakistan, Akhuwat and Wasil Foundations, by employing cross-sectional design with
stratified random sampling method. Pearson’s Chi-Square χ2, Yates Continuity Correction, Cramer’s V (φ) and Odds Ratio are used to quantify the difference between established clients (more than one year) and new clients (less than one year). The results of the study support the wide literature on a belief that microfinance can significantly improve the socio-economic and religious status of the participants. |
| first_indexed | 2025-11-14T16:52:36Z |
| format | Article |
| id | iium-59945 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:52:36Z |
| publishDate | 2017 |
| publisher | IIUM Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-599452019-08-15T06:25:35Z http://irep.iium.edu.my/59945/ Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan Ahmad, Khaliq Abideen Adeyemi, Adewale Nauman Khan, Mohamad HJ1438 Public Finance In Islam Poverty is considered one of the basic problems confronted by the developing and underdeveloped countries of the world including Muslim majority countries like Pakistan. During the last two decades, microfinance institutions have been rapidly established all around the world on the premise that they can alleviate poverty. These institutions open new horizons of economic development. But majority of Muslim populace yearn for Islamic products over conventional microfinance products on account of religious injunctions against paying interest. This paper attempts to analyze the multilevel impact of Islamic microfinance on two Pakistani cities (Multan and Lahore) poor population. This has three dimensions at (i) household level, (ii) enterprise level and (iii) religious, social & ethical levels. Primary data has been collected from the program participants of microfinance institutions in Pakistan, Akhuwat and Wasil Foundations, by employing cross-sectional design with stratified random sampling method. Pearson’s Chi-Square χ2, Yates Continuity Correction, Cramer’s V (φ) and Odds Ratio are used to quantify the difference between established clients (more than one year) and new clients (less than one year). The results of the study support the wide literature on a belief that microfinance can significantly improve the socio-economic and religious status of the participants. IIUM Press 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59945/1/Prof.%20Khaliq-AsShajarah%20%28SI%20-%20IIBF%29.pdf application/pdf en http://irep.iium.edu.my/59945/7/59945_Impact%20assessment%20of%20Islamic%20microfinance_scopus.pdf Ahmad, Khaliq and Abideen Adeyemi, Adewale and Nauman Khan, Mohamad (2017) Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan. Al-Shajarah, Special Issue: Islamic Banking and Finance. pp. 265-296. ISSN 1394-6870 http://journals.iium.edu.my/shajarah/index.php/shaj/issue/archive |
| spellingShingle | HJ1438 Public Finance In Islam Ahmad, Khaliq Abideen Adeyemi, Adewale Nauman Khan, Mohamad Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan |
| title | Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan |
| title_full | Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan |
| title_fullStr | Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan |
| title_full_unstemmed | Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan |
| title_short | Impact assessment of Islamic micro-finance on the religious, ethical and social well-being of participants: A case study of Pakistan |
| title_sort | impact assessment of islamic micro-finance on the religious, ethical and social well-being of participants: a case study of pakistan |
| topic | HJ1438 Public Finance In Islam |
| url | http://irep.iium.edu.my/59945/ http://irep.iium.edu.my/59945/ http://irep.iium.edu.my/59945/1/Prof.%20Khaliq-AsShajarah%20%28SI%20-%20IIBF%29.pdf http://irep.iium.edu.my/59945/7/59945_Impact%20assessment%20of%20Islamic%20microfinance_scopus.pdf |