Asia-Europe Institute, University of Malaya, 50603, Kuala Lumpur, Malaysia.
Faculty of Business and Accountancy, University of Malaya, 50603, Kuala Lumpur, Malaysia.
J Relig Health. 2020 Jun;59(3):1327-1343. doi: 10.1007/s10943-019-00832-8.
People with HIV/AIDS (PLWHA) commonly pose problems to their family as well as to society because of their vulnerable health and economic conditions. Contrarily, PLWHA encounter social discrimination and adverse realities while finding it difficult to continue in their jobs. These complex phenomena interact to push them into a low economic status. A microfinance program can hopefully assist poor patients to cope with the negative economic consequences of this disease. But the conventional market-oriented microfinance institutions show reluctance to serve this group of people due to the possibilities of having credit risk. In this paper, we propose an alternative microfinancing technique that can provide a better economic life of the PLWHA while absorbing the credit risks. A comprehensive model is designed using specific Islamic financial instruments in conjugation with household economic portfolio theory. Critical realism method was adopted to construct this model. We concluded that the application of Islamic microfinance can enhance income of HIV patients while reducing the productivity-loss. This model can be useful to the microfinance practitioners and policymakers for addressing a different market segment, diversifying products, and formulating policy.
艾滋病病毒/艾滋病患者（PLWHA）由于其脆弱的健康和经济状况，通常会给家庭和社会带来问题。相反，PLWHA 在工作中遇到社会歧视和不利现实，难以继续工作。这些复杂的现象相互作用，导致他们经济地位低下。小额信贷计划有望帮助贫困患者应对这种疾病带来的负面经济后果。但是，传统的以市场为导向的小额信贷机构由于存在信用风险的可能性，不愿意为这一人群提供服务。在本文中，我们提出了一种替代的小额融资技术，它可以在吸收信用风险的同时，为 PLWHA 提供更好的经济生活。我们使用特定的伊斯兰金融工具和家庭经济投资组合理论设计了一个综合模型。采用批判现实主义方法构建了这个模型。我们得出结论，伊斯兰小额信贷的应用可以提高艾滋病毒患者的收入，同时减少生产力损失。该模型可用于小额信贷从业者和政策制定者，以满足不同的细分市场，多样化产品和制定政策。
