STUDIA ISLAMIKA
Vol 26, No 1 (2019): Studia Islamika

Promoting Qarḍ al-Ḥasan in Nanofinance to Counter The Moneylender in Southeast Asia

Khairunnisa Musari (Department of Islamic Economics, Postgraduate Program, State Institute for Islamic Studies (IAIN) of Jember)



Article Info

Publish Date
10 Apr 2019

Abstract

Moneylending is a real humanitarian problem in Asian countries, including in Southeast Asia. This study examines moneylending activities in this region, where poor people become a target. An emergency need forces them to seek out a moneylender. This paper argues that nanofinance may address the microfinance gap to counter the moneylender. Despite the existence of nanofinance, it has not obtained as much attention as microfinance. However, nanofinance activities have run in some Asian countries to help the poor. By interviewing some informants in Indonesia, Vietnam, and Cambodia, and then reviewing the empirical study and context in Malaysia, Thailand and Brunei, this paper intends to: (1) Describe the practice of moneylending in Indonesia, Vietnam, Cambodia, Malaysia, Thailand and Brunei; (2) Describe the nanofinance practice in Indonesia and Thailand; (3) Promote qarḍ al-ḥasan as the philanthropy contract of (Islamic) nanofinance.

Copyrights © 2019






Journal Info

Abbrev

studia-islamika

Publisher

Subject

Religion Education

Description

STUDIA ISLAMIKA (ISSN 0215-0492; E-ISSN: 2355-6145) is a journal published by the Center for the Study of Islam and Society (PPIM) UIN Syarif Hidayatullah, Jakarta. It specializes in Indonesian Islamic studies in particular, and Southeast Asian Islamic studies in general, and is intended to ...