WAQF-BASED MICROFINANCE: REALIZING THE SOCIAL ROLE OF ISLAMIC FINANCE

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Economics of Cash WAQF management in Malaysia: A proposed Cash WAQF model for practitioners and future researchers (2011, background): “Ahmed (2007) explains the social role of Islamic micro finance and identifies the potentials for waqf-based microfinance philosophy and practices.”
Application of waqf for social and development finance (2017, background): “In this regard, Habib (2007) proposes a waqf-based Islamic microfinance institution.”
Social and financial efficiency of Islamic microfinance institutions:a Data Envelopment Analysis application (2015, methodology): “MiX also ranks its contributing MFIs’ transparency using scale of 1 to 5 diamonds for the least transparent to the most transparent. Inputs Initial Definition Usage in literatures Unit Assets A Total wealth available to MFI from capital and borrowings for its transformation process. It is used as in”
Integration of waqf-Islamic microfinance model for poverty reduction: The case of Bangladesh (2015, background): “The paper by Ahmad (2007) argues that takaful and profit-equalization reserves can overcome the depositor’s withdrawal risks.”