Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries

22 Pages Posted: 10 Oct 2019

See all articles by Basharat Hossain

Basharat Hossain

International Islamic University Chittagong (IIUC) - Department of Business Administration

Date Written: 2019

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.

Keywords: Waqf, Islamic Microfinance, Rehabilitation, Slum population, Muslim countries

JEL Classification: G21, O21, Z12

Suggested Citation

Hossain, Basharat, Islamic Microfinance and Rehabilitation Model for the Slum and Floating Population by Waqf Funds, the Case of Bangladesh: A Proposal for Muslim Countries (2019). Journal of King Abdulaziz University: Islamic Economics, Vol. 32, No. 2, 2019, Available at SSRN: https://ssrn.com/abstract=3466628

Basharat Hossain (Contact Author)

International Islamic University Chittagong (IIUC) - Department of Business Administration ( email )

Bangladesh

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
44
Abstract Views
207
PlumX Metrics