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Microfinance for Entrepreneurial Development pp 169–195Cite as

Palgrave Macmillan

What is Islamic Microfinance?

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Abstract

Islamic microfinance is a specialized part in a growing and diverse body of microfinance literature. To date, there are quite a few papers on Islamic microfinance that are published in reputable journals, which fairly represent the size of Islamic microfinance industry compared to the overall microfinance sector. This chapter aims to provide an overview of Islamic microfinance in the context of mainstream microfinance sector and highlights some of the salient features that differentiate Islamic microfinance with conventional or overall microfinance. It will discuss the origin, different approaches in the development, and characteristics of Islamic microfinance. These will be followed by discussion on lending models, sources and uses of funds, and poverty impact of Islamic microfinance institutions. Finally, this chapter will conclude will some thoughts on possible opportunities for future Islamic microfinance research.

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Author information

Authors and Affiliations

  1. University of Glasgow, Glasgow, Scotland

    Luqyan Tamanni

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  1. Luqyan Tamanni
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  2. F. H. Liu
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Editor information

Editors and Affiliations

  1. Schulich School of Business, York University, Toronto, Ontario, Canada

    Douglas Cumming

  2. Aberystwyth University Business School, Aberystwyth, Surrey, United Kingdom

    Yizhe Dong

  3. University of Edinburgh Business School, Edinburgh, United Kingdom

    Wenxuan Hou

  4. Bangladesh Institute of Development Studies, Dhaka, Bangladesh

    Binayak Sen

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Tamanni, L., Liu, F.H. (2017). What is Islamic Microfinance?. In: Cumming, D., Dong, Y., Hou, W., Sen, B. (eds) Microfinance for Entrepreneurial Development. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-62111-1_9

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  • DOI: https://doi.org/10.1007/978-3-319-62111-1_9

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-62110-4

  • Online ISBN: 978-3-319-62111-1

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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