publication . Article . 2017

The Role of Islamic Microfinance in Socio-Economic Development in Bosnia and Herzegovina

Efendic, Velid; Karamustafic, Eldina;
Open Access English
  • Published: 01 Jul 2017
  • Publisher: Politik Ekonomik ve Sosyal Araştırmalar Merkezi
Abstract
This paper aims to explore the role of Islamic microfinance in the socio-economic development of Bosnia and Herzegovina (B&H). Due to the significant growth of the microfinance sector in the last 20 years and its impact on the country’s postwar reconstruction and development, B&H serves as a good case for this present research. The study relies on primary data collected from clients of Islamic and conventional microfinance institutions (MFI). Accordingly, the comparison between Islamic and conventional MFIs is possible. Our results reveal that, from the clients’ perspective, there is no difference between Islamic and conventional MFI. In addition...
Subjects
free text keywords: Islamic Microfinance,Socio- economic development,Bosnia and Herzegovina
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