Журнал бизнеса и финансов

Integrating Model of Religious and Corporate Charities in Islamic Microfinance Institutions for Poverty Reduction

Abstract

Qurra-Tul-Ain Butt

Purpose: Poverty is a plague that impact developing countries worldwide, but its impact can be heavily felt in Muslim Majority countries where poor health, education, infrastructure problem is rising at alarming rate. The purpose of this paper is to integrate religious and corporate charities in microfinance institutes that will alleviate poverty.
Design/methodology/approach: In this research, qualitative research method is used by relying on secondary data from previous scholarly works, working papers, case studies and relevant internet sources.
Findings: This paper justifies the integrated model for religious and non-religious sources of funds in Islamic finance that will help poverty reduction.
Research limitations/implication: The gap left behind by this paper is for future researcher to carry out empirical investigation of viability of this model.
Originality/value: The theoretical research is a contribution to theory and practice of CSR and Islamic economies.