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Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries نموذج التمويل الأصغر وإعادة التأهيل الإسلامي للأحياء الفقيرة والعائمة من قبل صناديق الوقف ، حالة بنغلاديش: اقتراح للدول الإسلامية

Author

Listed:
  • Basharat Hossain

    (Assistant Professor of Economics, Department of Business Administration International Islamic University, Chittagong (IIUC), Bangladesh)

Abstract

ABSTRACT. This paper designs a conceptual model of Islamic microfinance and rehabilitation by using the waqf funds for the slum and floating population. It analyzes both the primary and the secondary data on the current status of Islamic microfinance coverage (in thirteen countries), waqf estates (in seven countries), and the slum and floating population in thirty five Muslim countries of the world. The primary data was accumulated on 150 microfinance borrowers and 100 non-borrowers of Bangladesh. This paper presents a multifunctional structure of an autonomous waqf management institution to execute the model of this paper. This institution will be formed by the joint venture of the government, the national, as well as international Islamic agencies. Furthermore, this model will be implemented through five stages, the revival and registration of the waqf estate, accumulation of funds, initiating the Islamic microfinance and rehabilitation for the slum population, and finally, forward linkage that may help the slum people to contribute to the society. هذه الورقة تقدم نموذجًا مفاهيميًا للتمويل الأصغر الإسلامي وإعادة التأهيل من خلال استخدام أموال الوقف لصالح الأحياء الفقيرة والعائمة. وتحلل كلاً من البيانات الأولية والثانوية عن الوضع الحالي لتغطية التمويل الأصغر الإسلامي (في ثلاثة عشر دولة)، وعقارات الوقف (في سبع دول)، والأحياء الفقيرة والعائمة في خمسة وثلاثين دولة إسلامية في العالم. تم تجميع البيانات الأولية عن 150 من المقترضين في مجال التمويل الأصغر و 100 من غير المقترضين في بنغلاديش. تعرض هذه الورقة بنية متعددة الوظائف لمؤسسة إدارة الوقف مستقلة لتنفيذ نموذج هذه الورقة. سيتم تشكيل هذه المؤسسة من خلال مشروع مشترك بين الحكومة والهيئات الإسلامية الوطنية والدولية. علاوة على ذلك، سيتم تنفيذ هذا النموذج من خلال المراحل الخمس: إحياء وتسجيل عقار الوقف، وتجميع الأموال، وإنشاء التمويل الأصغر الإسلامي وإعادة التأهيل لسكان الأحياء الفقيرة، وأخيرا الربط الأمامي الذي قد يساعد سكان الأحياء الفقيرة على المساهمة في المجتمع.

Suggested Citation

  • Basharat Hossain, 2019. "Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries نموذج التمويل الأصغر وإعادة التأهيل الإسلامي ل," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(2), pages 139-160, January.
    • Handle: RePEc:abd:kauiea:v:32:y:2019:i:2:no:11:p:139-160
    DOI: 10.4197/Islec.32-2.11
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    References listed on IDEAS

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    2. Joanna Ledgerwood, 1998. "Microfinance Handbook: An Institutional and Financial Perspective," World Bank Publications - Books, The World Bank Group, number 12383, December.
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    More about this item

    Keywords

    Waqf; Islamic Microfinance; Rehabilitation; Slum population; Muslim countries. الوقف، التمويل الأصغر الإسلامي، إعادة التأهيل ، سكان الأحياء الفقيرة ، الدول الإسلامية.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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