• 1 Asia-Europe Institute, University of Malaya, 50603, Kuala Lumpur, Malaysia.
  • 2 Faculty of Business and Accountancy, University of Malaya, 50603, Kuala Lumpur, Malaysia
  • 3 Faculty of Public Health and Tropical Medicine, Jazan University, Jazan, Saudi Arabia
  • 4 Faculty of Education, University of Malaya, 50603, Kuala Lumpur, Malaysia
J Relig Health, 2020 Jun;59(3):1327-1343.
PMID: 31134517 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.

* Title and MeSH Headings from MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine.