ISLAMIC MICROFINANCE AS A TOOL FOR POVERTY REDUCTION, ENTERPRISE CREATION AND EXPANSION: A CONCEPTUAL ANALYSIS

Muhammad-Bashir Owolabi Yusuf Ph.D.

Abstract

The main focus of this study is to examine the role Islamic microfinance institutions play in enterprise
creation and expansion in Malaysia. This framework led to a number of models that were tested
through data collected from Islamic microfinance beneficiaries. The paper is unique in the sense that
it focuse on generating models to examine the role of Islamic microfinance as a means of poverty
reduction, enterprise creation and expansion. The study recommends a much effective way and
solution to the issue of enterprise growth and development, and subsequently provide a meaningful
avenue and effective policy intervention on poverty alleviation through the provision of Islamic micocredit
facilities in the country.