Template-Type: ReDIF-Article 1.0
Author-Name: Wasiullah Shaik Mohammed
Author-Email: wasism@gmail.com
Author-Workplace-Name: B S Abdur Rahman Crescent Institute of Science and Technology, India
Author-Name: Khalid Waheed
Author-Email: kwfalahi@bsauniv.ac.in
Author-Workplace-Name: B S Abdur Rahman Crescent Institute of Science and Technology, India
Title: Interest-free Microfinance in India: A Case Study of the Al-Khair Cooperative Credit Society
Abstract: Interest-free microfinance institutions are providing efficient services around the globe including in India. The current paper is a case study research of Al-Khair – a well-known interest-free credit cooperative society in India. In this paper, the authors try to understand the modus operandi of the selected institution. The selected institution has also been evaluated in terms of various parameters such as its current status, outreach, beneficiaries, growth, and financial health. In conclusion, the authors highlight the potential challenges facing this institution and make a few recommendations for its further growth and development.
Keywords: Microfinance, Interest-free Microfinance, Islamic Microfinance, Islamic Finance, Sharīʿah, India, Multistate Cooperative Credit Society.
Journal: Journal of King Abdulaziz University: Islamic Economics
Pages: 47-66
Volume: 31
Issue: 1
Year: 2018
DOI: 10.4197/Islec.31-1.3
File-URL: http://iei.kau.edu.sa/Files/121/Files/153869_31-01-03-Wasiullah-1.pdf
File-Format: Application/pdf
Handle: RePEc:abd:kauiea:v:31:y:2018:i:1:p:47-66