2017

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Browsing 2017 by Author "SHAHID SAFDAR"

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    FACTORS AFFECTING THE GROWTH OF ISLAMIC MICROFINANCE INSTITUTIONS IN PAKISTAN
    (UMT.Lahore, 2017-05) SHAHID SAFDAR
    Pakistan is an under develop economy having a population of about 200 million. It is the six most populous country of the world with high level of poverty. The Government and social sector organizations are using many tools to alleviate poverty. However, despite many attempts have been done for the basic necessities of human, it is still growing in Pakistan rapidly. Micro Finance considered being the globally accepted as an important tool to alleviate poverty. Pakistan officially declared Islamic Republic of Pakistan has great potential of Islamic micro financing. This research study aimed to study and identify the factors that impact on the growth of Islamic microfinance sector in Pakistan. A questionnaire is employed to achieve the research objectives of the study. The data is collected from 60 high ranked individuals having number of years‟ experience in the Islamic micro finance industry of Pakistan. One sample t-test and regression model is applied to examine the determinants of Islamic micro financing sector growth in Pakistan. The findings of the study revealed that structural issues of Islamic micro finance institutions, availability of Shariah complaint funds, availability of Islamic micro finance products, non-entrepreneurial approach of community, lack of regulatory and policy framework are the main problem areas hampering the growth of IMFIs in Pakistan.