Using mudarabah for micro-enterprises of refugees
Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
IGI Global
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This chapter examines the prospects and challenges of using the Mudharabah (profit-sharing partnership) instrument to extend microfinancing to refugees in microenterprise support programs. According to the literature, many Muslim refugees voluntarily exclude themselves from microfinance programs due to the element of interest that is strictly prohibited in Islam. Mudarabah as a Shari'ah-compliant mode of finance represents one potential instrument that complies with the religious teachings of Muslim refugees and could assist in the financial inclusion of many of them. Despite the inherent risks of Mudarabah such as moral hazard and adverse selection, some successful stories are remarkably encouraging. This chapter is proposing a model for a microenterprise support program based on Mudarabah. The chapter concludes that Mudarabah is a viable mode of finance provided that best practices in implementing Mudarabah as well as microfinance programmes are well adopted and observed.
Açıklama
Anahtar Kelimeler
Microfinancing, Muslim, Mudarabah
Kaynak
Research Anthology on Microfinance Services and Roles in Social Progress
WoS Q DeÄŸeri
Scopus Q DeÄŸeri
N/A
Cilt
Sayı
Künye
Kachkar, O. A. (2022). Using mudarabah for micro-enterprises of refugees. In I. Management Association (Ed.), Research Anthology on Microfinance Services and Roles in Social Progress (82-110. ss.). IGI Global. https://doi.org/10.4018/978-1-6684-7552-2.ch006
