Participative Finance, Microfinance, and Self Entrepreneurship in Morocco
The main purpose of this study is to investigate the role of participative Finance and Microfinance in Morocco to enhance and empower entrepreneurship. The new banking law N° 103-12 reinforces the legal framework. It offers an opportunity to the participative financial institutions to implement thei...
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Format: | Article |
Language: | English |
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UIN Sunan Gunung Djati Bandung
2022-07-01
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Series: | International Journal of Islamic Khazanah |
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Online Access: | https://journal.uinsgd.ac.id/index.php/ijik/article/view/17710 |
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author | Adil Zarfi |
author_facet | Adil Zarfi |
author_sort | Adil Zarfi |
collection | DOAJ |
description | The main purpose of this study is to investigate the role of participative Finance and Microfinance in Morocco to enhance and empower entrepreneurship. The new banking law N° 103-12 reinforces the legal framework. It offers an opportunity to the participative financial institutions to implement their products and participate in the financial inclusion strategy in Morocco, which can facilitate the access of VSMEs and auto entrepreneurs to several modes of financing. For this reason, it is necessary to determine the place of participative Microfinance in the ecosystem of participative Finance and the necessary conditions for its implementation. It is also necessary to know if the formal financial system is well designed to serve the financing needs of auto entrepreneurs in Morocco. The study proposes a conceptual framework to establish the relationship between participative Finance, Microfinance, and entrepreneurship in the case of auto-entrepreneur schemes. In this regard, it seems necessary to know the degree of importance of financial inclusion and if it is enough to empower the auto entrepreneurs, which also helps to determine the contribution of participative Finance and Microfinance in entrepreneurship. Understanding the overall socio-economic structures in Morocco will help determine the obstacles and level of awareness on the demand or supply side. It will help to know whether the Shariah-compliant products can meet on expectations of the VSEs segment. For this purpose, the perception and attitudes of auto entrepreneurs were analyzed using an online survey. A group of experts' perceptions was also analyzed using a qualitative approach, in which semi-structured interviews were conducted. |
first_indexed | 2024-04-13T20:56:35Z |
format | Article |
id | doaj.art-b0c44279eb7a4c0a90100ffdf390988e |
institution | Directory Open Access Journal |
issn | 2302-9366 2302-9781 |
language | English |
last_indexed | 2024-04-13T20:56:35Z |
publishDate | 2022-07-01 |
publisher | UIN Sunan Gunung Djati Bandung |
record_format | Article |
series | International Journal of Islamic Khazanah |
spelling | doaj.art-b0c44279eb7a4c0a90100ffdf390988e2022-12-22T02:30:19ZengUIN Sunan Gunung Djati BandungInternational Journal of Islamic Khazanah2302-93662302-97812022-07-0112214516210.15575/ijik.v12i2.177106051Participative Finance, Microfinance, and Self Entrepreneurship in MoroccoAdil Zarfi0London School of Modern StudiesThe main purpose of this study is to investigate the role of participative Finance and Microfinance in Morocco to enhance and empower entrepreneurship. The new banking law N° 103-12 reinforces the legal framework. It offers an opportunity to the participative financial institutions to implement their products and participate in the financial inclusion strategy in Morocco, which can facilitate the access of VSMEs and auto entrepreneurs to several modes of financing. For this reason, it is necessary to determine the place of participative Microfinance in the ecosystem of participative Finance and the necessary conditions for its implementation. It is also necessary to know if the formal financial system is well designed to serve the financing needs of auto entrepreneurs in Morocco. The study proposes a conceptual framework to establish the relationship between participative Finance, Microfinance, and entrepreneurship in the case of auto-entrepreneur schemes. In this regard, it seems necessary to know the degree of importance of financial inclusion and if it is enough to empower the auto entrepreneurs, which also helps to determine the contribution of participative Finance and Microfinance in entrepreneurship. Understanding the overall socio-economic structures in Morocco will help determine the obstacles and level of awareness on the demand or supply side. It will help to know whether the Shariah-compliant products can meet on expectations of the VSEs segment. For this purpose, the perception and attitudes of auto entrepreneurs were analyzed using an online survey. A group of experts' perceptions was also analyzed using a qualitative approach, in which semi-structured interviews were conducted.https://journal.uinsgd.ac.id/index.php/ijik/article/view/17710participative finance, microfinance, auto entrepreneurs, entrepreneurship |
spellingShingle | Adil Zarfi Participative Finance, Microfinance, and Self Entrepreneurship in Morocco International Journal of Islamic Khazanah participative finance, microfinance, auto entrepreneurs, entrepreneurship |
title | Participative Finance, Microfinance, and Self Entrepreneurship in Morocco |
title_full | Participative Finance, Microfinance, and Self Entrepreneurship in Morocco |
title_fullStr | Participative Finance, Microfinance, and Self Entrepreneurship in Morocco |
title_full_unstemmed | Participative Finance, Microfinance, and Self Entrepreneurship in Morocco |
title_short | Participative Finance, Microfinance, and Self Entrepreneurship in Morocco |
title_sort | participative finance microfinance and self entrepreneurship in morocco |
topic | participative finance, microfinance, auto entrepreneurs, entrepreneurship |
url | https://journal.uinsgd.ac.id/index.php/ijik/article/view/17710 |
work_keys_str_mv | AT adilzarfi participativefinancemicrofinanceandselfentrepreneurshipinmorocco |