An Islamic Microfinance Enterprise

About the Book

Currently there is limited application of Islamic microfinance instruments in Brunei Darussalam in the business and banking industries. The main objective of the exploratory study on the potentiality of Islamic microfinancing in the handicraft industry is to encourage students pursuing the Master in Islamic Banking and Finance (MIBF) program to apply the Islamic finance to real life situations. This exploratory applied research has allowed students the opportunity to appreciate the potentialities of Islamic microfinance in assisting the development of microbusinesses especially in the rural areas in Brunei Darussalam.

About the Author

Dr. Saad Al-H arran is a Senior Lecturer in the Islamic Microfinance Project at the Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam. As a specialist in Islamic Finance, Venture Capital and Youth Entrepreneurs he was the International Business Consultant in New Zealand from 1996 - 2006. He was Assistant Professor in Islamic Banking and Finance in the Faculty of Economics and Management, International Islamic University Malaysia from 1991 - 1996 and an Operations Officer at the Islamic Development Bank, Jeddah, Saudi Arabia. He is an author of the ‘Islamic Microfinance Project Enterprise: Managing the Challenges’ article www.islamicfinancenews.com 2008 as well as book author and journal editor of Arab Law Quarterly ‘Special Issue: Islamic Partnership Financing: Concepts and Case Studies’ 1999, Kluwer Law International, the Netherlands, ‘Leading Issues in Islamic Banking and Finance’ 1995, Pelanduk Publications, Malaysia, ‘Islamic Marketing Strategy: Eradicating Rural Poverty in Malaysia’ 1994 and ‘Islamic Finance: Partnership Financing’ 1993. Alfred Yong Foh Sen is a qualified Chartered Biologist specializing in Crop Production Sciences and has been working, at the senior management level, in the banking and finance business for more than 20 years. Presently, he is running his own business focusing on management consultancy and business development. Sri Anne Haji Masri is a Business Consultant and is currently a Masters student in the Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam.