The purpose of the study is to theoretically review the Islamic micro finance industry in Yemen and to identify the challenges and opportunities for this industry. The data collected is entirely based on secondary data collected from various sources such as books, websites, official reports and others. The study covered the period from 1997 to 2013. The study revealed that there is a promising demand for Islamic microfinance and at the same time there are some challenges facing its growth and development. The researcher finally concluded the study by providing some valuable suggestions that might help in progressing of the industry.
Imposing ceilings on the interest rate has recently become one of the new hottest topics in microfinance industry; various debates have been discussing this issue to know the effect of interest rate ceilings on the supply of credit in particular and on microfinance industry in general. However in spite of the good intention behind these ceilings, there was no absolute result stating that ceilings have really contributed to the improvement or protection of the poor clients, indeed, these ceilings have hurt those low income people instead of helping them, due to these ceilings most of MFIs left the market or reduced their scale due to the inability to continue operating with low interest rate leaving the very poor clients without access to credit. Thus, the purpose of this paper is to review the impact of imposing such ceilings on the interest rates and to find out what alterative solutions can be employed as substitutes for them. This paper is entirely based on the secondary data collected from various records related to microfinance such as microfinance books, official websites and reports, published papers, and other sources related to the research subject.
The objective of this paper is to identify the challenges facing the empowerment of women in Yemen. This paper is mainly based on the secondary data collected from the records of the Yemeni Government programmes viz., Social Fund for Development, Microfinance books, websites, official reports and other sources related to the research subject. The mentioned study covers the period from 1997 to 2013 and the area for the study is Yemen. The result of the study reported that there are multiple factors affecting the empowerment of women in Yemen through microfinance such as customs and traditions, high interest rate, financial literacy, wrong religious perceptions, demanded collaterals. However, despite the difficulties and challenges facing women empowerment in Yemen, it is believed that women who are connected to microfinance programs have been positively affected with their households in various aspects as many studies revealed that.
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