Econometrics Commons^™

Risk, Religion, And Islamic Microfinance, Dunia Aburish

Master's Theses

This research design creates a framework in which the risk preferences and Islamic religiosity of Jordanian borrowers can be estimated. Specifically, this study highlights the different characteristics of conventional and Islamic microfinance borrowers. Although there is extensive literature on the topics of conventional microfinance and Islamic finance individually, few studies characterize borrowers who choose between these financial products. For this study, field research was conducted in conjunction with the National Microfinance Bank (NMB) and the Development and Employment Fund (DEF) in Jordan. Overall, 143 conventional and 78 Islamic borrowers were surveyed for a total sample of 221 borrowers. To estimate …