The Approaches of Islamic and Conventional Microfinancing for Poverty Alleviation and Sustainable Livelihood
Abul Bashar Bhuiyan, Chamhuri Siwar, Aminul Islam and Mamunur Rashid
DOI : 10.3844/ajassp.2012.1385.1389
American Journal of Applied Sciences
Volume 9, Issue 9
Poverty is the main illness for sustainable livelihood because it destroyed human basic rights for surviving with minimum opportunities especially political, social stability and economic processes, literature and environment. The aims of this study are to discuss about existing approaches of poverty alleviation and sustainable livelihood. The study found throughout the discussion of the theoretical sources i.e., participatory approaches have determined as a good way of poverty alleviation and sustainable livelihood especially zakat based Islamic mode of financing and Qard-al-Hasan on the basis of spiritual values as an alternative model for poverty alleviation and ensuring sustainable livelihood."
Cite this Article
Bhuiyan, A.B., C. Siwar, A. Islam and M. Rashid, 2012. The approaches of islamic and conventional microfinancing for poverty alleviation and sustainable livelihood. Am. J. Applied Sci., 9: 1385-1389."