Purpose

This study aims to propose a hybrid microfinance model that integrates various Islamic commercial and social finance institutions through Fintech for efficient and impactful results. The microfinance model caters to the financial and social intermediation needs through a set of financial services and non-financial support.

Design/methodology/approach

The study uses both a mathematical model and an empirical estimation using micro panel data to establish the core problem in microfinance operations. Conclusions from the mathematical model and estimated results in the empirical analysis are used to suggest an institutional design which embeds technology in the delivery of Islamic microfinance in an integrated structure. For screening and incentive conditions, the study gives illustration through numerical examples.

Findings

The mathematical model highlights the need for financial sustainability, outreach, scale and complementariness of non-financial factors such as commitment, repayment incentives and skills enhancement multiplier. In light of this, the proposed Islamic microfinance model is outlined to create synergies by integrating a diversity of funding sources through social savings and impact investments. The programme also blends financial services with non-financial support to ensure engagement and commitment on a long-term basis. It uses Fintech in various demand and supply-side operations to show how technology embeddedness can help in achieving cost efficiencies and extend outreach.

Originality/value

It is the first study in integrated institutional design in Islamic microfinance literature that embeds Fintech in both demand side and supply side operations comprehensively. The proposed model is conducive for enhancing outreach, scale and impact in the Islamic microfinancial services.

中文翻译：

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使用金融科技扩大伊斯兰小额信贷

目的

这项研究旨在提出一种混合小额信贷模型，该模型通过Fintech整合各种伊斯兰商业和社会金融机构，以产生有效和有影响力的结果。小额信贷模型通过一系列金融服务和非金融支持来满足金融和社会中介需求。

设计/方法/方法

该研究使用数学模型和使用微面板数据的经验估计来建立小额信贷业务中的核心问题。来自数学模型的结论和实证分析中的估计结果被用来建议一种制度设计，该技术将技术嵌入伊斯兰小额信贷的整合结构中。对于筛选和激励条件，该研究通过数值示例进行了说明。

发现

数学模型强调了非财务因素（如承诺，还款激励和技能提升乘数）的财务可持续性，范围，规模和互补性的需求。有鉴于此，概述了拟议的伊斯兰小额信贷模型，旨在通过社会储蓄和影响投资整合多种资金来源，从而产生协同效应。该计划还将金融服务与非金融支持相结合，以确保长期的参与和承诺。它在各种需求和供应方运营中使用Fintech，以展示技术的嵌入性如何帮助实现成本效益和扩展范围。

创意/价值

这是伊斯兰小额信贷文献中有关综合制度设计的第一项研究，该研究将金融科技全面纳入需求方和供应方运营。提议的模型有利于增强伊斯兰微金融服务的范围，规模和影响。