Islamic Microfinance Industry in Yemen “Challenges and Opportunities”

Alshebami, Ali Saleh; Khandare, D. M.

doi:10.5296/ijsw.v2i2.7937

Cited by 14 publications

(18 citation statements)

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“…One of the factors is due to very poor promotion and advertisement about the Islamic microfinance instruments among the people. Plus, there are no proper ways and techniques of spreading awareness about the importance and benefits of the Islamic microfinance sector, especially to poor people (Alshebami & Khandare, 2015). A similar problem faced by the Islamic microfinance institutions in Pakistan where they are dealing with the issue of limited market outreach.…”

Section: Challenges Of Islamic Microfinance In Selected Muslim Countriesmentioning

confidence: 99%

Literature Survey on Islamic Microfinance

Azmi

Thaker

2020

GReviewIEB

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Islamic microfinance can be seen as an emerging industry in some Muslim countries like Indonesia, Malaysia, Pakistan, Bangladesh, and MENA regions. It acts as a movement to eradicate poverty in the society and to help improve the social standard of the poor people. The concept of Islamic microfinance is similar to those implemented in conventional microfinance except for it adheres to several points and concepts which in line with the Shariah rulings. As a growing industry, Islamic microfinance does facing several challenges such as limited outreach in the market, lack of expertise in the industry, governance and management problems, and many more. Hence, this paper will discuss further the issues and challenges faced by Islamic microfinance institutions in selected Muslim countries. Plus, some suggestions are given at the end of this paper to solve these issues.

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Section: Challenges Of Islamic Microfinance In Selected Muslim Countriesmentioning

confidence: 99%

Literature Survey on Islamic Microfinance

Azmi

Thaker

2020

GReviewIEB

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“…Although MFIs are important tools for combating poverty and improving the well-being of many poor people, literature indicates that Yemeni MFIs face challenges in responding to their customer's demand [15], [17]. 22% of MFIs' potential customers, Small and Medium Enterprises sizes SMEs did not find loans that were appropriate to their needs.…”

Section: Introductionmentioning

confidence: 99%

“…In addition to that, 38% of borrowers claimed that loans size was not enough [17]. Moreover, Alshebami and Kandare [15] listed the lack of innovations, and customer-driven products as the main MFIs challenges [15]. Jakobi et al [18] in their study of "Understanding National Culture's Influence on Product Innovation Approaches" calls researchers for more investigation in the field of project management agility within microfinance context which had less attention from the academic studies [18].…”

Section: Introductionmentioning

confidence: 99%

Agile Project Management in Non-Software Sectors During Turbulent Times

Alsohybe¹,

Sabrah²

2019

IJSEA

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Scholars have viewed Agile Project Management APM as a prominent solution for software and nonsoftware innovative institutions to cope with its unstable environment. APM has been tested in the software field and proven to be successful. Since 2015, there is ongoing war in Yemen that negatively affects most sectors including the business and microfinance sectors. Social Fund for Development SFD, the microfinance industry leader in Yemen, sought solutions for enhancing the Microfinance Institutions MFIs capabilities during the current environment turbulence. This research investigates any possible advantages in adopting APM in the microfinance sector, out of software domain. A qualitative method was used to conduct the research. three microfinance pioneers were selected and 11 professionals from all management levels were interviewed. In addition, three workshop discussions with 22 members of product development teams were held. The study found that adopting APM would help these MFIs to enhance their resilience by bridging the identified gaps and challenges.

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“…27-28, 39). Alshebami and Kandare (2014) listed the lack of innovations and customer-driven products as the main MFIs challenges (Alshebami & Kandare, 2014, p. 410).…”

Section: Introductionmentioning

confidence: 99%

Toward Better Resilience during the War Crisis; Case Study of Three Microfinance Institutions in Yemen

Sabrah

Alsohybe

2019

BER

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As a crisis, man-made or natural disaster, strikes, business management struggles to maintain business, and business sustainability. The management takes different approaches to keep business running during turbulent times such as proactive approach and ad hoc approach. Organizations proactively prepare plans to face predictable changes; however, sometimes the unpredictable changes become very complicated and challenging that would negatively affect these organizations and their business continuity. As a result, it is very crucial for any organization to be well prepared to keep its business running during turbulent times. Currently, there is a major war going on in Yemen since 2015 that negatively affects most of the business sectors in Yemen. Microfinance sector is considered as a very important sector in the country. It is one of the sectors that is affected and hit hard by the ongoing conflict. Thus, the Social Fund for Development, which is the main microfinance industry leader in the country, sought solutions. The researchers conducted a qualitative study on three microfinance pioneers in Yemen and interviewed 11 professionals from all different management levels. The study found that the operations of the studied institutions have been interrupted by four turbulences, and challenged by three market changes which drove these Microfinance Institutions, MFIs, to adapt their strategies and practices.

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Islamic Microfinance Industry in Yemen “Challenges and Opportunities”

Cited by 14 publications

References 0 publications

Literature Survey on Islamic Microfinance

Literature Survey on Islamic Microfinance

Agile Project Management in Non-Software Sectors During Turbulent Times

Toward Better Resilience during the War Crisis; Case Study of Three Microfinance Institutions in Yemen

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