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Micro Enterprise Financing in an Islamic Economic Framework: Bangladesh Perspective

Journal of Economics Library

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Title Micro Enterprise Financing in an Islamic Economic Framework: Bangladesh Perspective
 
Creator CHOWDHURY, M. A. Mannan
FAROOQUE, A. J. Mohammed
 
Subject —
—
 
Description Abstract. The paper studies the deficiency of the neo liberal policy agenda that aims totransform non-governmental organization (NGOs) engaged in poverty alleviationinto formal financial institutions seeking access to capital market and performingon a commercial basis. It propounds that poverty focused credit programs aimedat distributive equity are logically inconsistent with an ethically neutral liberal marketorder. In comparison, it is inferred in the paper that Islamic economic principles affirm the logical consistency and adequacy to reality of Islamicfinancial program and poverty focused credit programs. These programs, as indicated by the welfare banking ofIslamic Banks in Bangladesh, seek access to financialmarkets, which are characterized by the presence of Shariah instrument prohibiting interest and profiteering and promoting charity.Keywords. Micro finance, Micro business, Economic development.JEL. G21, N80, Q12.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2016-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/569
10.1453/jel.v3i1.569
 
Source Journal of Economics Library; Vol 3, No 1 (2016): March; 82-93
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/569/819
 
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