The islamic microfinancing contributions on sustainable livelihood of the borrowers in Bangladesh

Abul Bashar Bhuiyan, Chamhuri Siwar, Abd. Ghafar Ismail, Normah Omar

Research output: Contribution to journalArticle

Abstract

The study investigates the impacts of microfinance on the Sustainable Livelihood (SL) of Islami Bank microfinance schemes in Bangladesh. Towards the achievement of its objectives this study uses descriptive statistical and econometric techniques to assess the Islamic MFIs contributions on sustainable livelihood of the borrowers. The multiple logistic regression model was applied to estimate the parameters that influenced on the position of sustainable livelihood of the poor borrowers. The study found that access to credit has contributed towards reducing the incidence of poverty as well as improving on the status of sustainable livelihood of the borrowers of Islami Bank microfinance schemes. On the other hand, multiple logistic regression model outputs shows that at that place are important positive impacts of microfinance on the position of sustainable livelihood of its poor borrowers. The study recommended for more emphasizing on increase of proper income generating activities, sufficient amount of credit, increase the period of instalment repayment, providing the necessary skills training through complete Zakat based Islamic mode of financing as well as Qard-al-Hasan on the basis of spiritual values as an alternative microfinance model for poverty alleviation in Bangladesh.

Original languageEnglish
Pages (from-to)79-96
Number of pages18
JournalInternational Journal of Business and Society
Volume18
Issue numberS1
Publication statusPublished - 1 Jul 2017

Fingerprint

Bangladesh
Sustainable livelihoods
Microfinance
Logistic regression model
Poverty
Income
Poverty alleviation
Financing
Credit
Skills training
Access to credit
Econometrics

Keywords

  • Bangladesh
  • Islami bank
  • Islamic microfinance
  • Sustainable livelihood

ASJC Scopus subject areas

  • Business and International Management
  • Finance
  • Economics and Econometrics
  • Strategy and Management

Cite this

The islamic microfinancing contributions on sustainable livelihood of the borrowers in Bangladesh. / Bhuiyan, Abul Bashar; Siwar, Chamhuri; Ismail, Abd. Ghafar; Omar, Normah.

In: International Journal of Business and Society, Vol. 18, No. S1, 01.07.2017, p. 79-96.

Research output: Contribution to journalArticle

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