Impact Assessment of Islamic Microfinance in India: A Case Study

Islamic financial intermediaries play a vital role in mobilising and circulating funds in the society, from the haves to have-nots. Since an Islamic financial intermediary is the focal point of equitable financial redistribution at the basic level, it is imperative to undertake the study of socio-economic effects of such institutions in the given area of its operation. Therefore a comprehensive assessment of their socio-economic impact on the beneficiaries with respect to the nature of the institution is necessary. This works aims to utilize social capital theory to assess both, the institution and its performance in terms of self-sufficiency, outreach and performance as well as the impact on beneficiaries in terms of social and economic indicators.