INTRODUCTION TO ISLAMIC MICROFINANCE pdf download

Introduction To Islamic Microfinance by Mohammed Obaidullah

INTRODUCTION TO ISLAMIC MICROFINANCE

Some Book Contents

• Microfinance and Poverty Alleviation 1
  • Microfinance Products 1
  • Microenterprise Development 4
  • Microfinance Models 6
  • Microfinance Best Practices 8
  • Major Issues in Microfinance 10
    • Financing for Economically Active 10
    • High Cost of Financing 11
    • “Women Only” Approach 12
• Islamic Approach to Poverty Alleviation 13
  • Charity 13
  • Economic Empowerment 14
  • Debt Avoidance 17
  • Cooperation & Solidarity 18
  • Family Cohesiveness 19
  • Shariah Compliance of Contracts 19
    • Freedom from Riba 20
    • Freedom from Gharar 20
  • Islamic Norms and Microfinance Best Practices 22
• Charity-Based and Not-For-Profit Modes 25
  • Zakah 26
    • Eligible Beneficiaries 26
    • Estimation of Zakah 28
    • Zakah and Economic Empowerment 29
    • Management of Zakah Funds 31
  • Waqf 31
    • Characteristics and Rules of Waqf 32
  • Qard Hasan 37
  • A Non-Profit Model of Microfinance 40

• Market-Based and For-Profit Modes 43
  • Micro-Savings 44
  • Micro-Credit 45
    • Bai Muajjal – Murabaha 46
    • Micro-Leasing ( Ijara ) 49
    • Other Modes of Extending Credit 50
  • Micro-Equity 51
  • Other Services 53
  • A Composite Model of Microfinance 54
  • Islamic Microfinance Programs across the Globe 55
    • Middle East North Africa (MENA) 55
    • South Asia 56
    • South East Asia 57
    • Sub-Saharan Africa 58
    • Central Asia 58
• Glossary 59
• List of Boxes
• Box 3.1: Case of Ruma Zakat Yogyakarta, Indonesia 30
• Box 3.2. Developing Wa^Properties in India 34
• Box 3.3. The Ottoman Cash Waqf 35
• Box 3.4. Qard Hasan Funds in Iran 39
• Box 4.1. Islamic Micro-Savings Products in Indonesia 46
• Box 4.2. Bai Muajjal Based Microfinance by Islamic Bank Bangladesh 48