Interest-free Microfinance in India: A Case Study of the Al-Khair Cooperative Credit Society التمويل الأصغر بدون فوائد في الهند: دراسة حالة لجمعية الخير التعاونية للائتمان

Wasiullah Shaik Mohammed () and Khalid Waheed ()
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Wasiullah Shaik Mohammed: Research Scholar, B S Abdur Rahman Crescent Institute of Science and Technology, India
Khalid Waheed: Assistant Professor, B S Abdur Rahman Crescent Institute of Science and Technology, India

Journal of King Abdulaziz University: Islamic Economics, 2018, vol. 31, issue 1, 47-66

Abstract: Interest-free microfinance institutions are providing efficient services around the globe including in India. The current paper is a case study research of Al-Khair – a well-known interest-free credit cooperative society in India. In this paper, the authors try to understand the modus operandi of the selected institution. The selected institution has also been evaluated in terms of various parameters such as its current status, outreach, beneficiaries, growth, and financial health. In conclusion, the authors high-light the potential challenges facing this institution and make a few recommendations for its further growth and development.

Keywords: Microfinance; Interest-free Microfinance; Islamic Microfinance; Islamic Finance; Sharīʿah; India; Multistate Cooperative Credit Society. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:31:y:2018:i:1:no:3:p:47-66

DOI: 10.4197/Islec.31-1.3

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