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Creating Sustainable Livelihood Opportunities for the B20 Communities through Islamic Microfinance Products and Services

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dc.contributor.authorNorhaziah Nawaien_US
dc.contributor.authorNuradli Ridzwan Shah Mohd Dalien_US
dc.contributor.authorMahazan Abdul Mutalib @ Taiben_US
dc.date.accessioned2024-05-28T06:39:28Z
dc.date.available2024-05-28T06:39:28Z
dc.date.issued2023
dc.date.submitted2023-10-18
dc.descriptionVol. 21 No. 1 (page:9-22)en_US
dc.description.abstractIt is crucial to establish sustainable livelihoods and distribute wealth in order to ensure inclusion across rural and urban regions as well as between various ethnic groups. Microfinance, as one of the social finance instruments, could help the underprivileged gain access to capital. Islamic microfinance, unlike conventional microfinance, avoids riba and is based on Shariah principles. The government of Malaysia categorises families according to their income, and it utilises this data to create policies targeted at bridging the income gap between the B40 and higher income groups as well as between rural and urban populations. In ensuring that all citizens, particularly B20 communities, have access to Islamic finance, the development of Islamic microfinance products based on profit and loss sharing is critical. Debt-based, interest-free loans and equity-based Islamic microfinance are available. The majority of debt-based instruments are based on tawarruq or commodities murabahah, with qardhul hasan being utilised for interest-free loans. However, equity-based instruments such as musyarakah and mudharabah are not used by any microfinance institutions. Specifically, musharakah mutanaqisah model is seen as a potential product that can be applied in Islamic microfinance. This paper proposes that Islamic microfinance through musharakah mutanaqisah as a viable mechanism for creating sustainable livelihood opportunities, especially for the lower B20 communities.en_US
dc.identifier.citationBinti Nawai, N., Mohd Dali, N. R. S. ., & Abdul Mutalib, M. . (2023). CREATING SUSTAINABLE LIVELIHOOD OPPORTUNITIES FOR THE B20 COMMUNITIES THROUGH ISLAMIC MICROFINANCE PRODUCTS AND SERVICES. Labuan Bulletin of International Business and Finance (LBIBF), 21(1), 9–22. https://doi.org/10.51200/lbibf.v21i1.3762en_US
dc.identifier.doi10.51200/lbibf.v21i1.3762
dc.identifier.epage22
dc.identifier.issn2600-7894
dc.identifier.issue1
dc.identifier.spage9
dc.identifier.urihttps://jurcon.ums.edu.my/ojums/index.php/lbibf/article/view/3762
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7502
dc.identifier.volume21
dc.language.isoen_USen_US
dc.publisherLabuan Faculty of International Finance, Universiti Malaysia Sabah.en_US
dc.relation.ispartofLabuan Bulletin of International Business & Finance (LBIBf)en_US
dc.subjectSustainable livelihood,B20, Islamic microfinance,Islamic financeen_US
dc.titleCreating Sustainable Livelihood Opportunities for the B20 Communities through Islamic Microfinance Products and Servicesen_US
dc.typeArticleen_US
dspace.entity.typePublication

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