The Loan Shark in ASEAN-Reference-Cited by-同舟云学术

The Loan Shark in ASEAN

Published:2020 Issue: Volume: Page:252-277
ISSN:2327-5677
Container-title:Economics, Business, and Islamic Finance in ASEAN Economics Community
language:
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Author:

Musari Khairunnisa¹^ORCID

Affiliation:

1. IAIN Jember, Indonesia

Abstract

Loan shark is a humanitarian problem faced by many countries in the world, including in Asia, even in the Association of Southeast Asian Nations (ASEAN)'s countries. Loan shark activities are found not only in Myanmar and Cambodia, which has the lowest per capita income in ASEAN but also in Indonesia, Thailand, Malaysia, Brunei, and even Singapore, which are the five countries with the highest gross domestic product (GDP) per capita in ASEAN. How are loan shark practices in ASEAN countries? Can nanofinance overcome the microfinance gap to fight the loan shark? How the practice of Bank Wakaf Mikro (BWM) in Indonesia to nanofinance with qardhul hassan contract? Find the answers in this chapter.

Publisher

IGI Global

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