Please use this identifier to cite or link to this item: http://wb.yru.ac.th/xmlui/handle/yru/6171
Title: Enhancing the Islamic Microfinance to Overcome Riba based Economy
Authors: Abdulsoma Thoarlim
Mursalin Maggangka
Muhammadhusnee Yanya
Muhammadsuhaimi Haengyama
Romyi Morhi
Keywords: Enhancing
Islamic Microfinance
Riba
Economy
Issue Date: 24-Apr-2016
Publisher: Yala Rajabhat University
Series/Report no.: The 5th National and International Academic Conference 2016 "THINK GLOBALLY, ACT LOCALLY : PARADIGMS IN RESEARCH CREATIVITY";1035-1044
Abstract: In order to have the success of economic policies to develop microenterprises and alleviate the problems of poverty in Indonesia over the past two decades, financing microenterprises was considered as a new paradigm in the grass root economic sector and became the popular subject of study by a number of researchers in the past, particularly, after the proclamation of the year 2005 as the microfinance year by the United Nations (NU) and labeling Mohammed Yunus - founder of Grameen Bank of Bangladesh- as the pioneer of microfinance. Moreover, the innovative poverty eradication and economic development policies of Grameen Bank focused on solidarity group-based financing scheme was considered as a new concept and has burgeoned in both developing and industrialized countries, including Muslim countries. However, this success has been criticized by some Muslim researchers; they said that financing and services offered by microfinance institutions are based on interest (riba) and some other prohibited elements. Most of their social development programs are secular in nature. Therefore, the discussion begins with the characteristics and structure of microfinance, historical development of microfinance followed by the discussion on inclusiveness of Islamic microfinance. Some important issues closely related to the subject are also discussed. These issues include the foundations of Islamic microfinance, Shariah compliance of contract and comparative analysis of the conventional microfinance system from the Shariah perspective.
URI: http://wb.yru.ac.th/xmlui/handle/yru/6171
Appears in Collections:4.02 บทความวิจัย

Files in This Item:
File Description SizeFormat 
2016-The 5th National and International Academic Conference 2016_Cover.pdf5.3 MBAdobe PDFView/Open
2016-5th YRU 1035-1044.pdf1.19 MBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.