Social Collateral Model for Islamic Microfinance

Kamaluddin, A., Hadi, N.A., Alam, M.M., and Adil, M.A.M. 2015. The Social Collateral Model in Perspective of Islamic Microfinance. Journal of Developing Areas. Vol. 49(5), pp. 353-363.

12 Pages Posted: 18 Jun 2017

See all articles by Amrizah Kamaluddin

Amrizah Kamaluddin

Universiti Teknologi MARA (UiTM)

Nabawiyah Abdul Hadi

Universiti Teknologi MARA (UiTM)

Md. Mahmudul Alam

Universiti Utara Malaysia

Mohamed Adil

Universiti Teknologi Mara - Centre of Islamic Thoughts and Understanding

Date Written: 2015

Abstract

This study examines the social collateral model for Islamic microfinance in Malaysia. Using qualitative instruments on academics and officers of microfinance institutions as the sample study, this study identifies the components that should be included in the social collateral model for Islamic microfinance. Based on interviews and focus group discussions, this study found that similar to the conventional microfinance, the Islamic microfinance also include social capital, group pressure, entrepreneurship skills, and culture as the components of social collateral model. In addition, this study found that religiosity represents another important component of the social collateral model for Islamic microfinance.

Keywords: Social Collateral, Social Capital, Islamic Microfinance, Entrepreneurship, Religiosity, Malaysia

JEL Classification: G21, I30, L31

Suggested Citation

Kamaluddin, Amrizah and Abdul Hadi, Nabawiyah and Alam, Md. Mahmudul and Adil, Mohamed, Social Collateral Model for Islamic Microfinance (2015). Kamaluddin, A., Hadi, N.A., Alam, M.M., and Adil, M.A.M. 2015. The Social Collateral Model in Perspective of Islamic Microfinance. Journal of Developing Areas. Vol. 49(5), pp. 353-363.. Available at SSRN: https://ssrn.com/abstract=2942719

Amrizah Kamaluddin

Universiti Teknologi MARA (UiTM) ( email )

40450 Shah Alam
Johor
Dungun, Selangor 23000
Malaysia

Nabawiyah Abdul Hadi

Universiti Teknologi MARA (UiTM) ( email )

40450 Shah Alam
Johor
Dungun, Selangor 23000
Malaysia

Md. Mahmudul Alam (Contact Author)

Universiti Utara Malaysia ( email )

Sintok, Kedah
Malaysia

Mohamed Adil

Universiti Teknologi Mara - Centre of Islamic Thoughts and Understanding ( email )

40450 Shah Alam
Johor
Dungun, Selangor 23000
Malaysia

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