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Can an interest-free credit facility be more efficient than a usurious payday loan?

کلیدواژه: cooperatives ؛ financial exclusion ؛ interest-free loan ؛ liquidity facility ؛ payday loan

نویسندگان: Salleh, Murizah Osman ؛ Jaafar, Aziz ؛ Ebrahim, M. Shahid

ناشر: Journal of Economic Behavior & Organization

Inefficiencies in mainstream credit markets have pushed selected households to frequent high cost payday loans for their liquidity needs. Ironically, despite the prohibitive cost there is still persistent demand for the product. This paper rides on the public policy objective of expanding affordable... ادامه

سال:2014

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Islamic social business to alleviate poverty and social inequality

کلیدواژه: Economic philosophy/theory ؛ Islamic banking/finance ؛ Poverty

نویسندگان: Aziz, M. Nusrate ؛ Mohamad, Osman Bin

ناشر: Emerald Group Publishing Limited

The purpose of this paper is to identify some well-set instruments in Islam that can efficiently alleviate poverty, solve social problems and reduce social inequality through a new operational framework called “Islamic social business (ISB)”. Design/methodology/approach – This is a conceptual resear... ادامه

سال:2016

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