The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model

The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model

Small and Medium Enterprises (SMEs) have been the backbone of economic growth of many economies. In Malaysia too, SMEs have played a role in contributing to the economy as Malaysia embarks on the journey towards achieving Vision 2020. However, SMEs contribution to Malaysian GDP is still comparativel...

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Bibliographic Details
Main Authors: Mohd Thas Thaker, Mohamed Asmy, Mohamed, Mustafa Omar
Format: Book Chapter
Language:English
English
Published: IIUM Press 2013
Subjects:
HG Finance
Online Access:http://irep.iium.edu.my/39844/
http://irep.iium.edu.my/39844/1/Book_Chapter-Mohamed_Asmy__Mustafa_Omar_Mohamed.pdf
http://irep.iium.edu.my/39844/2/Offer_Letter.pdf
id iium-39844
recordtype eprints
spelling iium-398442015-06-05T08:06:32Z http://irep.iium.edu.my/39844/ The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model Mohd Thas Thaker, Mohamed Asmy Mohamed, Mustafa Omar HG Finance Small and Medium Enterprises (SMEs) have been the backbone of economic growth of many economies. In Malaysia too, SMEs have played a role in contributing to the economy as Malaysia embarks on the journey towards achieving Vision 2020. However, SMEs contribution to Malaysian GDP is still comparatively low. The Malaysian government launched several programs and schemes to boost SMEs activities and development. Hitherto, however, the impact of these programs and schemes are yet to be felt. One reason is that most of the government funding goes to small and medium enterprises, while the largest contributor to SMEs - the micro enterprises have hardly considerable financing assistance. Micro enterprises are considered risky and strict loan conditions have been imposed on them such as collateral, proper support documents and good business track record. Unfortunately, most of them cannot fulfil these conditions. Furthermore, micro enterprises suffer from human resource deficiency. Most of them have less skilled human capital resources with low level of education. Thus, the present study intends to critically survey the literature on the subject. It uses explanatory analysis. Later, it proposes an Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) model as a solution for microenterprises. This model is expected to effectively address their financial and human resource constraints and enhance their contributions to the national income. The study concludes with some suggestions for policy implications IIUM Press 2013 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/39844/1/Book_Chapter-Mohamed_Asmy__Mustafa_Omar_Mohamed.pdf application/pdf en http://irep.iium.edu.my/39844/2/Offer_Letter.pdf Mohd Thas Thaker, Mohamed Asmy and Mohamed, Mustafa Omar (2013) The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model. In: Small and Medium Enterprises in Selected Muslim Countries. IIUM Press. ISBN not available (In Press)
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic HG Finance
spellingShingle HG Finance
Mohd Thas Thaker, Mohamed Asmy
Mohamed, Mustafa Omar
The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model
description Small and Medium Enterprises (SMEs) have been the backbone of economic growth of many economies. In Malaysia too, SMEs have played a role in contributing to the economy as Malaysia embarks on the journey towards achieving Vision 2020. However, SMEs contribution to Malaysian GDP is still comparatively low. The Malaysian government launched several programs and schemes to boost SMEs activities and development. Hitherto, however, the impact of these programs and schemes are yet to be felt. One reason is that most of the government funding goes to small and medium enterprises, while the largest contributor to SMEs - the micro enterprises have hardly considerable financing assistance. Micro enterprises are considered risky and strict loan conditions have been imposed on them such as collateral, proper support documents and good business track record. Unfortunately, most of them cannot fulfil these conditions. Furthermore, micro enterprises suffer from human resource deficiency. Most of them have less skilled human capital resources with low level of education. Thus, the present study intends to critically survey the literature on the subject. It uses explanatory analysis. Later, it proposes an Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) model as a solution for microenterprises. This model is expected to effectively address their financial and human resource constraints and enhance their contributions to the national income. The study concludes with some suggestions for policy implications
format Book Chapter
author Mohd Thas Thaker, Mohamed Asmy
Mohamed, Mustafa Omar
author_facet Mohd Thas Thaker, Mohamed Asmy
Mohamed, Mustafa Omar
author_sort Mohd Thas Thaker, Mohamed Asmy
title The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model
title_short The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model
title_full The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model
title_fullStr The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model
title_full_unstemmed The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model
title_sort challenges of micro enterprises in malaysia and the prospect for integrated cash waqf micro enterprise investment (icwme-i) model
publisher IIUM Press
publishDate 2013
url http://irep.iium.edu.my/39844/
http://irep.iium.edu.my/39844/1/Book_Chapter-Mohamed_Asmy__Mustafa_Omar_Mohamed.pdf
http://irep.iium.edu.my/39844/2/Offer_Letter.pdf
first_indexed 2023-09-18T20:57:12Z
last_indexed 2023-09-18T20:57:12Z
_version_ 1777410383380742144

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