Year 2017, Volume 3, Issue 2, Pages 0 - 0 2017-07-01

The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina

Velid Efendic [1] , Eldina Karamustafic [2]

76 571

This paper aims to explore the role of Islamic microfinance in the socio-economic development of Bosnia and Herzegovina (B&H). Due to the significant growth of the microfinance sector in the last 20 years and its impact on the country’s postwar reconstruction and development, B&H serves as a good case for this present research. The study relies on primary data collected from clients of Islamic and conventional microfinance institutions (MFI). Accordingly, the comparison between Islamic and conventional MFIs is possible. Our results reveal that, from the clients’ perspective, there is no difference between Islamic and conventional MFI. In addition, religion plays a minor role in choice of MFI suggesting that being “Islamic” is of little relevance to the clients. The clients are more concerned with the quality of service they receive. Finally, we find positive but limited impact of MFIs on their clients’ standard of living.
Islamic Microfinance, Socio- economic development, Bosnia and Herzegovina
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Primary Language en
Subjects Social Sciences, Interdisciplinary
Journal Section Articles
Authors

Author: Velid Efendic

Author: Eldina Karamustafic

Dates

Publication Date: July 1, 2017

Bibtex @research article { ijisef365326, journal = {International Journal of Islamic Economics and Finance Studies}, issn = {2149-8393}, eissn = {2149-8407}, address = {Politik Ekonomik ve Sosyal Araştırmalar Merkezi}, year = {2017}, volume = {3}, pages = {0 - 0}, doi = {10.25272/j.2149-8407.2017.3.2.07}, title = {The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina}, key = {cite}, author = {Efendic, Velid and Karamustafic, Eldina} }
APA Efendic, V , Karamustafic, E . (2017). The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina. International Journal of Islamic Economics and Finance Studies, 3 (2), 0-0. DOI: 10.25272/j.2149-8407.2017.3.2.07
MLA Efendic, V , Karamustafic, E . "The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina". International Journal of Islamic Economics and Finance Studies 3 (2017): 0-0 <http://dergipark.org.tr/ijisef/issue/32886/365326>
Chicago Efendic, V , Karamustafic, E . "The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina". International Journal of Islamic Economics and Finance Studies 3 (2017): 0-0
RIS TY - JOUR T1 - The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina AU - Velid Efendic , Eldina Karamustafic Y1 - 2017 PY - 2017 N1 - doi: 10.25272/j.2149-8407.2017.3.2.07 DO - 10.25272/j.2149-8407.2017.3.2.07 T2 - International Journal of Islamic Economics and Finance Studies JF - Journal JO - JOR SP - 0 EP - 0 VL - 3 IS - 2 SN - 2149-8393-2149-8407 M3 - doi: 10.25272/j.2149-8407.2017.3.2.07 UR - https://doi.org/10.25272/j.2149-8407.2017.3.2.07 Y2 - 2019 ER -
EndNote %0 International Journal of Islamic Economics and Finance Studies The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina %A Velid Efendic , Eldina Karamustafic %T The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina %D 2017 %J International Journal of Islamic Economics and Finance Studies %P 2149-8393-2149-8407 %V 3 %N 2 %R doi: 10.25272/j.2149-8407.2017.3.2.07 %U 10.25272/j.2149-8407.2017.3.2.07
ISNAD Efendic, Velid , Karamustafic, Eldina . "The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina". International Journal of Islamic Economics and Finance Studies 3 / 2 (July 2017): 0-0. https://doi.org/10.25272/j.2149-8407.2017.3.2.07
AMA Efendic V , Karamustafic E . The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina. IJISEF. 2017; 3(2): 0-0.
Vancouver Efendic V , Karamustafic E . The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina. International Journal of Islamic Economics and Finance Studies. 2017; 3(2): 0-0.