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
Date Written: 2015
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
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