The Social and Financial Performance of Microfinance Institutions in the Middle East and North Africa Region: Do Islamic Institutions Outperform Conventional Institutions?

2020 ◽  
Vol 32 (7) ◽  
pp. 1075-1100
Author(s):  
I. Berguiga ◽  
Y.Ben Said ◽  
P. Adair
Author(s):  
Imene Berguiga ◽  
Yosra Ben Said ◽  
Philippe Adair

The performance of MicroFinance Institutions (MFIs) is analysed for the period 2004-2015. Sample consists of 67 MFIs in the Middle East and North Africa region. It includes a subsample of 18 Islamic MFIs (IMFIs), whereof Solebusiness grants exclusively Islamic financial services and Window provides both Islamic and conventional services. A model of simultaneous equations with interacting variables tests seven hypotheses addressing financial performance, social performance, and the social and financial performance relationship. Conventional MFIs (CMFIs) experience higher financial performance than IMFIs and Window experiences higher financial performance than Solebusiness; IMFIs do not experience higher social performance than CMFIs; whether conventional or Islamic, MFIs face a financial vs. social performance trade-off.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nitin Navin ◽  
Pankaj Sinha

Purpose With the ongoing transformation of the microfinance sector, questions have been raised on the ability of microfinance institutions (MFIs) to perform financially well without compromising with their social objectives. The current study attempts to analyse the social and financial performance of Indian MFIs with an objective to find the kind of relationship between these two objectives. Design/methodology/approach The dynamic framework of simultaneous equations model is used to find the nature of the relationship which exists between social and financial performance of Indian MFIs. Findings The study finds that depth of outreach enables MFIs to achieve financial sustainability. On the other hand, financially strong MFI lend more as reflected by an increase in their average loan size. Research limitations/implications Many MFIs still receive subsidies to support their operations. Ideally, adjustments should be made to remove the effect of such subsidies on their cost. However, due to non-availability of data, the study fails to make any adjustment for the subsidies. Practical implications The presence of a complementary relationship between social and financial performance in the Indian microfinance sector is quite encouraging for the policymakers during the current time when the sector is becoming less dependent on subsidies. However, the recent upsurge in the average loan size requires attention. Social implications The findings suggest that MFIs can achieve financial sustainability while targeting poor clients. This indicates that MFIs can perform socially good along with their financial performance. Originality/value Such study is vital when the Indian microfinance sector is moving away from subsidies to become self-reliant and commercialised. Few studies have focused on this aspect of Indian microfinance sector.


2018 ◽  
Vol 50 (2) ◽  
pp. 315-316
Author(s):  
Rabab El-Mahdi ◽  
Ellen Lust

The nation-state is in crisis. The increasing mobility of capital and information, unprecedented waves of people moving across borders, and rise of actors, such as ISIS, unwilling to abide by the rules of the Westphalian system, challenge the very notion of territoriality, citizenship, sovereignty, and the state's monopoly over the legitimate use of force. Studies on the Middle East and North Africa since the Arab uprisings took the region by storm, upending “conventional wisdom” held by many political scientists and scholars, have focused largely on the causes, genealogy, and procedural outcomes of the events. These are important, but as we shall see, the uprisings also highlighted the need to think carefully about how the modern state has changed, is being adapted, or has been superseded. How is the “state,” a foundational conceptual construct in the social sciences, to be located in light of these events? And to what extent do the concepts we employ and the language we use accurately reflect and allow us to interrogate realities, or do they obscure them? This roundtable aims to spark this much-needed discussion.


2010 ◽  
Vol 27 (1) ◽  
pp. 119-122
Author(s):  
Emilio Spadola

The city of Fes, the once “bourgeois citadel” (J. Berque’s words) of Moroccoand once the world’s most populous city (1170-80), has in modernity beenunhappily bypassed for coastal trading hubs and global mega-cities. Materialand symbolic elements of Fassi power persist, however, and anthropologistRachel Newcomb’s finely researched and written ethnography identifies them in upper-middle-class women’s gender identity. In so doing, Women ofFes helps the fields of anthropology, sociology, gender studies, and Islamicstudies to illuminate the often-neglected power of class to shape gender in theMuslim Middle East and North Africa, demonstrating, not pointedly, thatclass divides women within as much as across cultures.Newcomb’s book concerns women of, not merely in, Fes, namely, a classof women of “original” Fassi families navigating the social ruins and newopportunities of daily urban life. Its disparate topics – urban rumors, women’sNGOs, reforms of the Moroccan Muslim family code (mudawanah), flexiblekinship, public space, a dépassé lounge singer – shift the book’s centerfrom class to gender and public life. Her skillful identification of class issueswithin the latter, however, gives the book a necessary coherence ...


Author(s):  
Javier Borge-Holthoefer ◽  
Muzammil M. Hussain ◽  
Ingmar Weber

Digital infrastructure has been rapidly embraced in the Arab Middle East and North Africa in the last decade, opening a unique window for computational social science and network data science scholars. However, there are currently two coexisting social and economic realities in the region, which result in very different usages and dynamics of networked communication: countries with chronic civil unrest in which digital media have largely served as mobilization tools (e.g., Tunisia, Egypt), and relatively stable and wealthy societies that face social change and economic hyper-development (e.g., Qatar, Kuwait). Given such diversity across the region, how and why should social scientists study digital networks in the Middle East? What can digital networks teach us about the social and political aspects of the modern Middle East? In sum, while claims about digital technologies’ impacts across the region have been critiqued for being speculative and overblown, we suggest that digital technologies have instead broadened our ability to understand ongoing transformations among Arab states and societies.


Subject Prospects for the Middle East in the second quarter. Significance With average oil prices in 2015 likely to be 30-40% lower than in 2014, most countries in the Middle East and North Africa (MENA) region will see a huge change in their financial performance. Oil exporters could face major falls in fiscal revenue and foreign exchange earnings, while oil importers will receive a welcome boost to their budgetary and external accounts. On the security front, regional governments will focus on the threat from an expanding Islamic State group (ISG), and the fallout from a possible nuclear deal between the P5+1 world powers and Iran.


European View ◽  
2018 ◽  
Vol 17 (2) ◽  
pp. 227-234
Author(s):  
Jihan Chara

Over the past decades, the member states of the Gulf Cooperation Council have emerged as the leaders of the Middle East and North Africa region. They have also proved to be the safest Arab allies for the EU due to their stability and prosperity, despite being the only regimes in the region whose leaders are not elected by universal direct suffrage. In recent months, Saudi Arabia, in particular, has been anxious to re-establish its leadership in the region through disruptive structural changes. Even though it remains difficult to make sense of these reforms, many analysts have speculated about their purported future relevance. This article argues that the changes undermine the social contract that has prevailed in the kingdom for decades, whereby citizens enjoy material comfort in exchange for their loyalty to the regime. Thus these changes threaten to destabilise the country, with potential lasting effects on the region and collateral consequences for Europe.


2012 ◽  
Vol 44 (4) ◽  
pp. 671-692 ◽  
Author(s):  
Jonathan Glasser

AbstractEdmond Yafil was a key figure in the early 20th-century Algerian revival of Andalusi music, a high-prestige urban performance tradition linked to medieval Muslim Spain. Yafil's experiments with printing, transcription, audio recording, amateur associations, concert-hall performance, and new composition helped transform the production, consumption, and circulation of Andalusi music. Although Yafil was widely respected, his reputation was fraught with ambiguity during his lifetime and has remained so since. While not divorced from his position as a Jew in turn of the century Algiers, Yafil's ambiguity is best understood within the context of the complex Andalusi musical milieu of his day. This study of Yafil shows revival to have been a gloss for a partial but far-reaching shift in the social basis of Andalusi music making and calls for a broader rethinking of the familiar concept of revival in North Africa and the Middle East and beyond.


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