A META-ANALYSIS OF ISLAMIC MICROFINANCE : CASE BASED EVIDENCE FROM INDIA
This study employs the Islamic microfinance as an important contender for economic as well as human development of India. As we know that conventional microfinance products have been flourishing in India, but its products do not fulfill the needs of all Muslim clients. While taking small glimpses of Islamic microfinance (IMF) we can say it is working successfully in Muslim countries. The meta analysis lead to classification of literature into seven categories viz. social benefits, religious values, business enterprises, poverty alleviation, sustainable development, rural development and economic development. The contribution of research papers has been on the rise across the literature review and there has been a sharp rise the new facts of Islamic microfinance in India. As a diagnostic check all the seven factors of Meta-analysis of IMF which has evidence of the case study of India. Bait-ul-Nasr is an urban Co-Operative Credit Society, located in Mumbai, India, It has practiced all the factors which have been extracted by meta-analysis. This paper provides a roster of emerging projects accompanied by comprehensive review of literature that will be useful to both academicians and practitioner for studying existing research and contemporary future research.
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