Within the Framework of Islamic MFIs, Should Any Member Default

question 80

Multiple Choice

Within the framework of Islamic MFIs, should any member default on his/her repayment of the loan in accordance to the instalments, then the group members:

• A) agree to make personal donations sadaqah. towards the repayment of the outstanding balance
• B) may agree to give the defaulting member qard hasan to pay his or her instalments
• C) contact his/her family and friends in order to recover the due amount
• D) all of the above

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Definitions:

Alcohol Use Disorder

A health disorder marked by a diminished capacity to cease or regulate alcohol consumption, despite negative impacts on social, professional, or medical well-being.

Natural Disaster

A catastrophic event resulting from natural processes of the Earth, such as earthquakes, hurricanes, floods, or tsunamis, causing significant damage and loss.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Depression

A mental health disorder characterized by persistently low mood, loss of interest in activities, and a variety of emotional and physical problems.