Dataset on the acceptance of islamic microfinance in Kano State, Nigeria

Yakubu, Surajo Musa; Naim, Asmadi Mohamed; Yusuff, Noraini

doi:10.1016/j.dib.2021.107108

Cited by 6 publications

(5 citation statements)

References 5 publications

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“…According to the World Bank (2017) Global Findex Database, in 2017, a significant percentage of the adult population in Bangladesh (10.5%), Nigeria (8.3%), and Uganda (37.7%) are financially excluded due to the high cost of financial institutions. Yakubu et al (2021) associated this with high operational costs, loan losses, and profit margins, microfinance institutions must increase their capital base to continue growing. In the same vein, the same research showed that Uganda (30%) and Nigeria (11%%), and Bangladesh (9%), countries whose microfinance institutions are located distant from their consumers do not have any accounts with financial institutions.…”

Section: Financial Exclusion In the Three Countriesmentioning

confidence: 99%

The Role of Islamic and Conventional Microfinance in Tackling Financial Exclusion in Bangladesh, Nigeria, and Uganda

Azrak¹,

Edema²

2022

Shirkah

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There has been to pertinent study considering the growth of Islamic and conventional microfinance institutions as an antecedent of financial inclusion in Bangladesh, Nigeria, and Uganda in a single study. Adults who are financially excluded make up sizable numbers in Bangladesh, Nigeria, and Uganda, the three OIC countries. Financial exclusion has been addressed through the establishment of microfinance institutions. This study attempts to review the contribution of Islamic and conventional microfinance institutions established in these countries in tackling financial exclusion. The study used the data from the Global Findex Database of the World Bank and IMF Financial Access Survey to draw a comparative image of financial access among the countries. The evidence indicated that there are significant financial gaps across the countries and hence a huge opportunity for Islamic microfinance with its vast range of financial products could be implemented to spur economic growth and tackle financial exclusion. Policymakers can use the study's findings to entice and build new microfinance institutions with broadly inclusive products for all populations of these countries.

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Section: Financial Exclusion In the Three Countriesmentioning

confidence: 99%

The Role of Islamic and Conventional Microfinance in Tackling Financial Exclusion in Bangladesh, Nigeria, and Uganda

Azrak¹,

Edema²

2022

Shirkah

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“…SMEs in Nigeria face challenges in maintaining a positive brand image due to deficiencies in their practices. These issues persist despite SMEs' efforts to enhance their brand image (Yakubu, 2019). The Nigerian economy's turbulence, with the oil sector contributing only about 10% of the national GDP (Ndayako, 2021), exacerbates the poor practice of strategic improvisation.…”

Section: Introductionmentioning

confidence: 99%

Strategic Improvisation and Brand Image of Selected Small and Medium-Scale Enterprises in Lagos State, Nigeria

A. E.,

V. O.,

O. G.

et al. 2024

JEFMS

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SMEs in Nigeria have shown immense potential for driving economic growth and employment. However, they often grapple with several challenges that undermine their performance and long-term sustainability. These issues range from operational ineffectiveness and a lack of growth capacity to poor coordination among different aspects of the business. Additionally, many Nigerian SMEs seem resistant to adopting innovative practices that could ensure their sustainability. The foregoing, underscores the need for strategic improvisation. This study examined the relationship between strategic improvisation and brand image of selected small and medium-scale enterprises in Lagos State, Nigeria. The study adopted a survey research design. The population study comprised the Small and Medium Enterprises (SMEs) that are registered and operational in Lagos State and identified as members of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The total population of the study was estimated at 42,067, which represents the overall count of registered SMEs affiliated with Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). A sample size of 510 participants was obtained using Cochran’s sample size formula (1977). The study utilized multiple regression analysis to explore how all measures of strategic improvisation collectively predicted brand image. Findings revealed that strategic improvisation has a significant effect on brand image (brand image (R = 0.536, AdjR² = 0.279, p = 0.000 < 0.05). The study concludes that strategic improvisation has a significant effect in enhancing SME brand image of selected small and medium-scale enterprises in Lagos State, Nigeria. Consequently, the recommends that SMEs should foster a work environment that encourages creativity, experimentation, and risk-taking. This can be achieved by encouraging employees to think outside the box, generate new ideas, and propose innovative solutions to business challenges.

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“…Financing for Micro Small and Medium Enterprises (MSMEs) is inseparable from the successful stories of Grameen bank, which has been established since the 1970s (Muheramtohadi, 2017). In order to apply the Grameen bank method, Islamic financial institutions in their operational activities must distribute business capital loans to small communities and the informal sector which based on sharia principles (Kakembo et al, 2021;Yakubu et al, 2021). With the presence of COVID-19 pandemic, financial institutions are expected to be in their low performences (Miah et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

How do Baitul Maal Wat Tamwil empower Micro, Small and Medium Enterprises amidst COVID-19 pandemic? A case of Indonesia

Ma’ruf

Azizah²,

Sari³

2022

JIFA

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During the COVID-19 pandemic, Baitul Maal Wat Tamwil (BMT) in Sukoharjo, a region of Indonesia is consistently contributing to the empowerment of Micro, Small and Medium Enterprises (MSMEs). Hence, how the BMT empowers the MSMEs is a worthy attribute to explore. The current study delves into an in-depth exploration on the strategies and policy innovations carried out by the BMTs as well as to analyse the impact or influence caused by the existence of these strategies. The method used in this research is field research with a qualitative approach. Data collection techniques were carried out through observation with interviews with various related parties. The results showed that the empowerment strategy carried out by BMT Dana Mulia and BMT Makmur Mandiri was by implementing a restructuring policy in an effort to maintain the stability of the institution's operations. Meanwhile, BMT Bina Ummah Sejahtera has tightened risk mitigation by making efforts to be more careful in conducting financing and deposit transactions, using online media and the three BMTs providing business assistance. The influences that arise with this strategy are providing ease of capital assistance during the COVID-19 pandemic, assisting business development of MSMEs, minimizing the risks faced by MSMEs, and encouraging the spirit of MSMEs in marketing their businesses.

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Dataset on the acceptance of islamic microfinance in Kano State, Nigeria

Cited by 6 publications

References 5 publications

The Role of Islamic and Conventional Microfinance in Tackling Financial Exclusion in Bangladesh, Nigeria, and Uganda

The Role of Islamic and Conventional Microfinance in Tackling Financial Exclusion in Bangladesh, Nigeria, and Uganda

Strategic Improvisation and Brand Image of Selected Small and Medium-Scale Enterprises in Lagos State, Nigeria

How do Baitul Maal Wat Tamwil empower Micro, Small and Medium Enterprises amidst COVID-19 pandemic? A case of Indonesia

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