Mohammad Hamad

Followers

Following

Co-authors

Public Views

PhD in Management From Burch University in Sarajevo, Expert in Micro-finance and Humanitarian field, worked in different countries; Russia, Srilanka, Kosovo, Bosnia&Herzegovina, Jordan, Iraq, Palestine. Recently running a research center in Bosnia

less

Ali Coskun

Daniel Gies

Laura Duarte Reyes

Pontificia Universidad Javeriana

Rida Rosida

Universitas Pendidikan Indonesia

Nick Sitter

Central European University

Caroline S . Hossein

University of Toronto

Shafeeque CP

Qatar Foundation Faculty of Islamic Studies

Samantha Silva

milford bateman

University of Pula, Croatia

Kubaru Microfinance

Interests

Uploads

Papers by Mohammad Hamad

The Impact of Microcredit Programs in Alleviating Poverty and Restoring Livelihoods of the Targeted Populations in Bosnia and Herzegovina

Journal of Economic and Social Studies, 2011

IntroductionThis paper explores whether microcredit (MC) programs have any effect on alleviating ... more IntroductionThis paper explores whether microcredit (MC) programs have any effect on alleviating poverty and restoring livelihoods for the targeted populations in Bosnia and Herzegovina (BH). Doyle, who conducted a comprehensive review on the general impact of MC in helping refugees, returnees and IDPs in improving their living conditions and restoring their livelihoods, seems to believe so (Doyle, 1998 & 2008). As a mechanism that has a stated directive and the objective of targeting the most impoverished groups of society, the role of microfinance in BH deserves much more attention and serious exploration.Bosnia and Herzegovina is a country that endured a devastating war from 1992- 1995. The traditional best-practice paradigms of microfinance are inapplicable in war and conflict-affected situations because of the instability of the governmental and financial institutions, and the lack of communal and social trust among individuals. Within these post-war environments, refugees, ret...

Download

A Competitive Analysis Of Ski Resorts In Bosnia And Herzegovina Using Differential Advantage Proforma

by Çetin Yurt, Dr. Teoman Duman, Mohammad Hamad, and Armin Sabotic

... Teoman DUMAN International Burch University Faculty of Economics Bosnia and Herzegovina tduma... more

An Evaluation of Micro-Credit Programs in Bosnia and Herzegovina Using Porter’s Diamond Model

The effective design and delivery of a microcredit program is difficult under any circumstance. S... more The effective design and delivery of a microcredit program is difficult under any circumstance. Similarly, the task of microcredit institutions in Bosnia and Herzegovina that provide financial stability to its most impoverished members is very much complicated. The purpose of this paper is to explore competitive advantages that microcredit industry in Bosnia and Herzegovina has by using Porter's diamond model. The demonstration of the Diamond Model is used to explain the competitive advantage that the microcredit industry has in Bosnia and Herzegovina. To analyze the competitive advantages, secondary data were used from various institutional and governmental resources .The findings reflect that the meaningful objectives were set out by microcredit institutions in the country including objectively verifiable indicators of achievements. Among peers in Kosovo and in other Balkan regions (Albania, Croatia, Macedonia, Montenegro, Serbia), as well as peers similar in size and market outreach from Eastern Europe and Central Asia (ECA), the Bosnian microcredit institutions are some of the most highly leveraged. There is a clear upward trend in the median indicator for portfolio at risk between 2006 and 2008. The inflationary pressures that started at the end of 2007 in BH as well as the repercussions of the global 2008/2009 financial crisis have affected the repayment capacity of clients. From a policy perspective, the results suggest that in order to improve efficiency in the microcredit sector, and in the financial sector as a whole, a unified banking agency for the country must be established. Despite being hopeful for future, this doesn't seem likely to happen until the Bosnian Constitution is amended sometime in the future.
Keywords: Microcredit, Bosnia and Herzegovina, Microcredit Foundations, Interest, Indicators, Loans, Repayment, Poverty, Debt.
JEL Code Classification: G21

Download

The Impact of Microcredit Programs in Alleviating Poverty and Restoring Livelihoods of the Targeted Populations in Bosnia And Herzegovina

The effective design and delivery of micro-credits is difficult under all circumstances. However,... more The effective design and delivery of micro-credits is difficult under all circumstances. However, in conflict-affected societies, the task of microcredit institutions that seek to provide financial stability to its most impoverished members is more complicated. This paper aims to investigate the role and the impact of the microcredit industry in Bosnia and Herzegovina. Data for this study were gathered from both microcredit institutions and recipients of microcredit funds using both qualitative and quantitative techniques. The research results show that refugees, internally displaced persons and returnees are less likely to get loans compared to those with stable incomes, meaning the population with stable incomes has benefited more from these credits in improving their living conditions. Most of the targeted populations of the interest free microcredit foundation (MCF) that was taken as a case study in this research expressed their satisfactions with the loans and service provided by the particular MCF. From a policy perspective, it is important to focus attention on the most affected population groups, those least able to pull themselves out of poverty. Microcredit foundations should find a balance between being non-profit based and achieving their full sustainability.
Jel Code: G21

Download

A Comparison of Interest-Free and Interest-Based Microfinance in Bosnia and Herzegovina

Microfinance has long been used a developmental tool to fight poverty. It has been operational si... more Microfinance has long been used a developmental tool to fight poverty. It has been operational since the 1960s. Recent studies have shown positive impacts of microfinance with respect to generating income and smoothing consumption of its clients. On the other hand, a number of critics argue that microfinance has not been able to achieve its main objective of fighting poverty. This is due to the shift that has taken place in the industry from poverty-focus to profitoriented business-focus. Above all, microfinance faces other challenges on its way to succeed. One of the major challenges is that the product is not universally applicable or it does not tailor with the belief system of the Muslims despite the fact that one third of the world poor are Muslims. There has been a growing effort to create an "Islamic" model of microfinance. The Islamic Model of Microfinance represents a new paradigm of social enterprise in which profit and loss sharing replaces interest-based financing. The growth of Islamic microfinance has led organizations such as the Consultative Group to Assist the Poor (CGAP), a multilateral organization distributing knowledge about Islamic microfinance, and the Islamic Development Bank (IDB) to begin understanding this new way of approaching poverty. The objective of this paper is to review the existing Islamic microfinance institutions (IMFIs) in Bosnia and Herzegovina (BH), and to propose a Shariah compliant microfinance product in Islamic microfinance operations particularly in BH.

Download