Two decades of empowerment through microfinance in the face of global uncertainty from Muslim Countries
Abstract
The idea of empowerment has influenced the minds of many people in the last few decades. Empowerment is seen by politicians and social activists as an effective answer to the problems of oppression, exploitation, injustice, and disease that plague society. This premise places empowerment as an important factor in efforts to solve existing social problems. Several previous studies on empowerment have examined how empowerment functions to solve the problems of poverty, underdeveloped communities, the role of women and various problems in the social sphere. However, there is no systematic literature review that can help review the extent to which empowerment has developed, especially in muslim countries. Meanwhile, this study aims to review the study of empowerment and microfinance institutions as an effort to find opportunities for field studies in the future. Using a systematic literature review, it will be able to compile theoretical and empirical studies that are published in reputable journals. The results of this study are expected to provide a scientific contribution in the field of economics. In addition, the results of this study are also useful for microfinance institutions to consider their empowerment performance. This consideration is needed to help formulate policies related to the development of empowerment programs.
References
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Al-Shami, S. S. A., Razali, M. M., Majid, I., Rozelan, A., & Rashid, N. (2016). The effect of microfinance on women’s empowerment: Evidence from Malaysia. Http://Dx.Doi.Org/10.1080/12259276.2016.1205378, 22(3), 318–337. https://doi.org/10.1080/12259276.2016.1205378
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Bezboruah, K. C., & Pillai, V. (2013). Assessing the Participation of Women in Microfinance Institutions: Evidence From a Multinational Study. Http://Dx.Doi.Org/10.1080/01488376.2013.816409, 39(5), 616–628. https://doi.org/10.1080/01488376.2013.816409
Chan, S. H., & Ghani, M. A. (2011). The impact of microloans in vulnerable remote areas: evidence from Malaysia. Http://Dx.Doi.Org/10.1080/13602380903495621, 17(1), 45–66. https://doi.org/10.1080/13602380903495621
Coy, D., Malekpour, S., Saeri, A. K., & Dargaville, R. (2021). Rethinking community empowerment in the energy transformation: A critical review of the definitions, drivers and outcomes. Energy Research & Social Science, 72, 101871.
Duvendack, M., & Palmer-Jones, R. (2016). Micro-Finance, Women’s Empowerment and Fertility Decline in Bangladesh: How Important Was Women’s Agency? Https://Doi.Org/10.1080/00220388.2016.1205731, 53(5), 664–683. https://doi.org/10.1080/00220388.2016.1205731
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Kandulu, J., Wheeler, S., Zuo, A., & Sim, N. (2019). The Impact of Microcredit Loans on School Enrolment in Bangladesh. Https://Doi.Org/10.1080/00220388.2019.1703954, 56(9), 1725–1744. https://doi.org/10.1080/00220388.2019.1703954
Mohiuddin, M. F. (2017). Islamic social enterprises in Bangladesh: Conceptual and institutional challenges. Http://Www.Editorialmanager.Com/Cogentbusiness, 4(1). https://doi.org/10.1080/23311975.2017.1305674
Mukherjee, A. K., & Kundu, A. (2017). Microcredit and Women’s Agency: A Comparative Perspective across Socioreligious Communities in West Bengal, India. Http://Dx.Doi.Org/10.1177/097185241101600104, 16(1), 71–94. https://doi.org/10.1177/097185241101600104
Murshid, N. S. (2018a). Microfinance Participation and Women’s Decision-Making Power in the Household in Bangladesh. Https://Doi.Org/10.1080/01488376.2018.1472170, 44(3), 308–318. https://doi.org/10.1080/01488376.2018.1472170
Murshid, N. S. (2018b). Microfinance Participation and Women’s Empowerment: Evidence from a Nationally Representative Sample of Women in Bangladesh. Https://Doi.Org/10.1080/01488376.2018.1476287, 44(3), 375–390. https://doi.org/10.1080/01488376.2018.1476287
Murshid, N. S., & Bowen, E. A. (2019). Women’s microfinance participation and HIV literacy in Bangladesh: results from a nationally representative study. Https://Doi.Org/10.1080/10911359.2019.1587730, 29(5), 647–660. https://doi.org/10.1080/10911359.2019.1587730
Mwololo, H. M., Nzuma, J. M., & Githinji, L. M. (2022). Determinants of farmer empowerment in agriculture in Kenya: A Tobit approach. Heliyon, 8(12), e11888. https://doi.org/10.1016/J.HELIYON.2022.E11888
Orso, C. E., & Fabrizi, E. (2016). The Determinants of Women’s Empowerment in Bangladesh: The Role of Partner’s Attitudes and Participation in Microcredit Programmes. Http://Dx.Doi.Org/10.1080/00220388.2015.1107046, 52(6), 895–912. https://doi.org/10.1080/00220388.2015.1107046
Osman, O. S. (2020). The role of microfinance post trauma: the case of Syria. Https://Doi.Org/10.1080/20430795.2020.1753433, 11(3), 276–290. https://doi.org/10.1080/20430795.2020.1753433
Priya, P., Venkatesh, A., & Shukla, A. (2021). Two decades of theorising and measuring women’s empowerment: Literature review and future research agenda. Women’s Studies International Forum, 87.
Ravallion, M., van de Walle, D., Dutta, P., & Murgai, R. (2015). Empowering poor people through public information? Lessons from a movie in rural India. Journal of Public Economics, 132, 13–22. https://doi.org/10.1016/J.JPUBECO.2015.09.010
Rohman, P. S., Fianto, B. A., Ali Shah, S. A., Kayani, U. N., Suprayogi, N., & Supriani, I. (2021). A review on literature of Islamic microfinance from 2010-2020: lesson for practitioners and future directions. Heliyon, 7(12), e08549. https://doi.org/10.1016/J.HELIYON.2021.E08549
Tanushree Mahato, Kumar Jha, M., Nayak, A. K., & Kaushal, N. (2022). Empowerment of women through participation in self-help groups: a bibliometric analysis and systematic review. Journal of Enterprising Communities: People and Places in the Global Economy.
van Corven, C. T. M., Bielderman, A., Wijnen, M., Leontjevas, R., Lucassen, P. L. B. J., Graff, M. J. L., & Gerritsen, D. L. (2021). Empowerment for people living with dementia: An integrative literature review. International Journal of Nursing Studies, 124. https://doi.org/10.1016/J.IJNURSTU.2021.104098
Wani, A. S. (2023). Upliftment of the Marginalized in India: A Study of the Muslim Empowerment Through Islamic Social Finance. Https://Doi.Org/10.1080/13602004.2023.2176067, 42(3), 369–386. https://doi.org/10.1080/13602004.2023.2176067
Xiao, Y., & Watson, M. (2019). Guidance on Conducting a Systematic Literature Review. Journal of Planning Education and Research, 39(1), 93–112.
Zitouni, T., & Ben Jedidia, K. (2022). Does Islamic microfinance contribute to economic empowerment in Tunisia?: a case study of Zitouna Tamkeen. Journal of Business and Socio-Economic Development, 2(1), 67–81. https://doi.org/10.1108/JBSED-10-2021-0143
Al-Shami, S. S. A., Majid, I., Mohamad, M. R., & Rashid, N. (2017). Household welfare and women empowerment through microcredit financing: Evidence from Malaysia microcredit. Http://Dx.Doi.Org/10.1080/10911359.2017.1345341, 27(8), 894–910. https://doi.org/10.1080/10911359.2017.1345341
Al-Shami, S. S. A., Razali, M. M., Majid, I., Rozelan, A., & Rashid, N. (2016). The effect of microfinance on women’s empowerment: Evidence from Malaysia. Http://Dx.Doi.Org/10.1080/12259276.2016.1205378, 22(3), 318–337. https://doi.org/10.1080/12259276.2016.1205378
Ashraf Ali, H. M. (2014). Microcredit and power: examining how and why women encounter domination in Bangladesh. Http://Dx.Doi.Org/10.1080/09614524.2014.896877, 24(3), 327–338. https://doi.org/10.1080/09614524.2014.896877
Aslanbeigui, N., Guy, O., & Nancy, U. (2010). Assessing Microcredit in Bangladesh: A Critique of the Concept of Empowerment. Http://Dx.Doi.Org/10.1080/09538251003665446, 22(2), 181–204. https://doi.org/10.1080/09538251003665446
Barsoum, G. (2011). Who Gets Credit? The Gendered Division of Microfinance Programs in Egypt. Http://Dx.Doi.Org/10.1080/02255189.2006.9669120, 27(1), 51–64. https://doi.org/10.1080/02255189.2006.9669120
Bashar, T., & Rashid, S. (2012). Urban microfinance and urban poverty in Bangladesh. Http://Dx.Doi.Org/10.1080/13547860.2012.640019, 17(1), 151–170. https://doi.org/10.1080/13547860.2012.640019
Beteille, A. (1999). Empowerment. Economic and Political Weekly, 34(10/11), 589–597.
Bezboruah, K. C., & Pillai, V. (2013). Assessing the Participation of Women in Microfinance Institutions: Evidence From a Multinational Study. Http://Dx.Doi.Org/10.1080/01488376.2013.816409, 39(5), 616–628. https://doi.org/10.1080/01488376.2013.816409
Chan, S. H., & Ghani, M. A. (2011). The impact of microloans in vulnerable remote areas: evidence from Malaysia. Http://Dx.Doi.Org/10.1080/13602380903495621, 17(1), 45–66. https://doi.org/10.1080/13602380903495621
Coy, D., Malekpour, S., Saeri, A. K., & Dargaville, R. (2021). Rethinking community empowerment in the energy transformation: A critical review of the definitions, drivers and outcomes. Energy Research & Social Science, 72, 101871.
Duvendack, M., & Palmer-Jones, R. (2016). Micro-Finance, Women’s Empowerment and Fertility Decline in Bangladesh: How Important Was Women’s Agency? Https://Doi.Org/10.1080/00220388.2016.1205731, 53(5), 664–683. https://doi.org/10.1080/00220388.2016.1205731
Gutiérrez-Nieto, B., & Serrano-Cinca, C. (2019). 20 years of research in microfinance: An information management approach. International Journal of Information Management, 47, 183–197. https://doi.org/10.1016/J.IJINFOMGT.2019.01.001
Kandulu, J., Wheeler, S., Zuo, A., & Sim, N. (2019). The Impact of Microcredit Loans on School Enrolment in Bangladesh. Https://Doi.Org/10.1080/00220388.2019.1703954, 56(9), 1725–1744. https://doi.org/10.1080/00220388.2019.1703954
Mohiuddin, M. F. (2017). Islamic social enterprises in Bangladesh: Conceptual and institutional challenges. Http://Www.Editorialmanager.Com/Cogentbusiness, 4(1). https://doi.org/10.1080/23311975.2017.1305674
Mukherjee, A. K., & Kundu, A. (2017). Microcredit and Women’s Agency: A Comparative Perspective across Socioreligious Communities in West Bengal, India. Http://Dx.Doi.Org/10.1177/097185241101600104, 16(1), 71–94. https://doi.org/10.1177/097185241101600104
Murshid, N. S. (2018a). Microfinance Participation and Women’s Decision-Making Power in the Household in Bangladesh. Https://Doi.Org/10.1080/01488376.2018.1472170, 44(3), 308–318. https://doi.org/10.1080/01488376.2018.1472170
Murshid, N. S. (2018b). Microfinance Participation and Women’s Empowerment: Evidence from a Nationally Representative Sample of Women in Bangladesh. Https://Doi.Org/10.1080/01488376.2018.1476287, 44(3), 375–390. https://doi.org/10.1080/01488376.2018.1476287
Murshid, N. S., & Bowen, E. A. (2019). Women’s microfinance participation and HIV literacy in Bangladesh: results from a nationally representative study. Https://Doi.Org/10.1080/10911359.2019.1587730, 29(5), 647–660. https://doi.org/10.1080/10911359.2019.1587730
Mwololo, H. M., Nzuma, J. M., & Githinji, L. M. (2022). Determinants of farmer empowerment in agriculture in Kenya: A Tobit approach. Heliyon, 8(12), e11888. https://doi.org/10.1016/J.HELIYON.2022.E11888
Orso, C. E., & Fabrizi, E. (2016). The Determinants of Women’s Empowerment in Bangladesh: The Role of Partner’s Attitudes and Participation in Microcredit Programmes. Http://Dx.Doi.Org/10.1080/00220388.2015.1107046, 52(6), 895–912. https://doi.org/10.1080/00220388.2015.1107046
Osman, O. S. (2020). The role of microfinance post trauma: the case of Syria. Https://Doi.Org/10.1080/20430795.2020.1753433, 11(3), 276–290. https://doi.org/10.1080/20430795.2020.1753433
Priya, P., Venkatesh, A., & Shukla, A. (2021). Two decades of theorising and measuring women’s empowerment: Literature review and future research agenda. Women’s Studies International Forum, 87.
Ravallion, M., van de Walle, D., Dutta, P., & Murgai, R. (2015). Empowering poor people through public information? Lessons from a movie in rural India. Journal of Public Economics, 132, 13–22. https://doi.org/10.1016/J.JPUBECO.2015.09.010
Rohman, P. S., Fianto, B. A., Ali Shah, S. A., Kayani, U. N., Suprayogi, N., & Supriani, I. (2021). A review on literature of Islamic microfinance from 2010-2020: lesson for practitioners and future directions. Heliyon, 7(12), e08549. https://doi.org/10.1016/J.HELIYON.2021.E08549
Tanushree Mahato, Kumar Jha, M., Nayak, A. K., & Kaushal, N. (2022). Empowerment of women through participation in self-help groups: a bibliometric analysis and systematic review. Journal of Enterprising Communities: People and Places in the Global Economy.
van Corven, C. T. M., Bielderman, A., Wijnen, M., Leontjevas, R., Lucassen, P. L. B. J., Graff, M. J. L., & Gerritsen, D. L. (2021). Empowerment for people living with dementia: An integrative literature review. International Journal of Nursing Studies, 124. https://doi.org/10.1016/J.IJNURSTU.2021.104098
Wani, A. S. (2023). Upliftment of the Marginalized in India: A Study of the Muslim Empowerment Through Islamic Social Finance. Https://Doi.Org/10.1080/13602004.2023.2176067, 42(3), 369–386. https://doi.org/10.1080/13602004.2023.2176067
Xiao, Y., & Watson, M. (2019). Guidance on Conducting a Systematic Literature Review. Journal of Planning Education and Research, 39(1), 93–112.
Zitouni, T., & Ben Jedidia, K. (2022). Does Islamic microfinance contribute to economic empowerment in Tunisia?: a case study of Zitouna Tamkeen. Journal of Business and Socio-Economic Development, 2(1), 67–81. https://doi.org/10.1108/JBSED-10-2021-0143
Published
2024-01-05
How to Cite
Al Hadi, M. Q., Erziaty, R., Purnamasari1S., Zakiyah, Z., & Budiman, M. (2024). Two decades of empowerment through microfinance in the face of global uncertainty from Muslim Countries. Annual International Conference on Islamic Economics and Business (AICIEB), 3, 274-283. https://doi.org/https://doi.org/10.18326/aicieb.v3i0.478
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