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| LEADER |
01463nam a2200241Ia 4500 |
| 001 |
10.1016-j.intfin.2019.08.002 |
| 008 |
220511s2019 CNT 000 0 und d |
| 020 |
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|a 10424431 (ISSN)
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| 245 |
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|a Security design, incentives, and Islamic microfinance: Cross country evidence
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| 260 |
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|b Elsevier Ltd
|c 2019
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| 856 |
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|z View Fulltext in Publisher
|u https://doi.org/10.1016/j.intfin.2019.08.002
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|a We provide cross country evidence from microfinance institutions (MFIs) that are Sharia-compliant and their comparisons with non-Sharia-compliant MFIs. We find that, compared with non-Sharia-compliant conventional MFIs, Sharia-compliant Islamic MFIs have less credit risk but are less profitable and financially sustainable, have better poverty outreach, and are less likely to ‘mission drift’. Our results highlight the differences in religiosity and security design between these two institutions. Our study also helps practitioners and policy makers improve the understanding of the difference between conventional and Islamic MFIs. © 2019 Elsevier B.V.
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|a Cross country
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|a Islamic
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|a Microfinance institutions
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| 650 |
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|a Religiosity
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| 650 |
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|a Security design
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| 650 |
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|a Sharia-compliant product
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| 700 |
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|a Fan, Y.
|e author
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|a John, K.
|e author
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|a Liu, F.H.
|e author
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|a Tamanni, L.
|e author
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| 773 |
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|t Journal of International Financial Markets, Institutions and Money
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