The Current Practice of Islamic Microfinance Institutions’ Accounting Information System via the Implementation of Mobile Banking

Islamic Microfinance Institutions (IMFIs) have been established to provide Qard Hasan in promoting trade activities in terms of entrepreneurship development among the microfinance borrowers. This paper critically discuss the current practices of the IMFIs in the aspects of 1) the social values from the Islamic perspective that can provide a positive contribution for Islamic microfinance, 2) the application of Mobile Banking on its capability to widen the access of financial services, and 3) the implementation of Mobile Banking in facilitating the accounting information system. The study hopes to contribute significant findings towards providing viable groundwork for IMFIs’ successful model.