Conventional Route to Interest-Free Microfinance:: A New Global Paradigm - Softcover

Ibrahim, Badr El Din A.

Softcover

ISBN 10: 6208065046 ISBN 13: 9786208065041

Verlag: LAP LAMBERT Academic Publishing, 2024

Inhaltsangabe

The book proposes facilitating the global expansion of microfinance through a universal non-religious microfinance business model. It concludes that traditional banking and Islamic banking with divergent philosophies do not inevitably reflect in the practices between interest-free banking and conventional banking, and the investment formulas utilized in traditional business practices and interest-free finance systems are analogous. Moreover, by using adapted conventional business formulas in Islamic finance principles and the current implementation of these methods in Africa, the book recommends that traditional microfinance providers have already incorporated profit-sharing, leasing, sales-based, and forward lending formulas alongside interest, for pragmatic reasons, irrespective of religious considerations and without changes in the regulatory frameworks. Additionally, the book envisions integrating the suggested global interest-free microfinance model to support microfinance as a sustainable strategy through the IMF/World Bank social mitigation programs and the Consultative Group to Assist the Poor at the World Bank.

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Über die Autorin bzw. den Autor

O Professor Ibrahim, um economista de renome, ocupou vários cargos, incluindo o de Governador do Banco Central do Sudão, Diretor da Universidade Aberta Árabe no Barém, Reitor de uma faculdade afiliada à Universidade de Missouri St. Louis e Conselheiro Económico em Omã. Foi membro de conselhos de administração de instituições de microfinanciamento e de bancos em África e no Golfo.

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2024
• Sprache: Englisch
• ISBN 10: 6208065046
• ISBN 13: 9786208065041
• Einband: Taschenbuch
• Anzahl der Seiten: 228
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: OmniScriptum; customerservice@vdm-vsg.de; ; Brivibas gatve 197; Riga; 1039; Lettland