Skill-Based and Interest-Free Microfinance Model of Entrepreneurship as the More Sustainable Model

Farhat Mahmood and Adeeba Ishaq ()
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Adeeba Ishaq: PIDE

Chapter Chapter 11 in Enhancing Financial Inclusion through Islamic Finance, Volume I, 2020, pp 221-241 from Palgrave Macmillan

Abstract: Abstract The chapter investigates whether or not skill-based interest-free microfinance to entrepreneurs in Pakistan is a more sustainable model of microfinance. The study is quantitative (descriptive statistics) and qualitative (multiple cases of Pakistani entrepreneurs who have successfully initiated their own businesses) in nature. The researchers are interested to compare three entrepreneurs’ microfinance models prevailing in the country which are interest-free skilled-based financial investment, interest-free financial investment and interest-based financial investment. The findings verify that out of tthree models discussed in this chapter, the skilled-based and interest-free model of microfinance is not only innovative but also more sustainable model of microfinance for entrepreneur.

Keywords: Interest-free economy; Pakistan; Entrepreneurs; Skill based; Sustainable model (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-3-030-39935-1_11

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DOI: 10.1007/978-3-030-39935-1_11

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