The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs

The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs

This paper aims to identify the effectiveness of al-Rahn, an Islamic pawn broking scheme, on socio-economic needs. The primary research fieldwork was conducted in Kuala Terengganu, Terengganu and Kuantan, Pahang. Semi-structured questionnaires were used to collect data and were analyzed via the cros...

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Main Authors: Mohd Noar, Nor Zaihan, Ahmad, Norsita Lin
Format: Article
Language:English
Published: Revelation and Science, IIUM 2015
Subjects:
HF Commerce
HG179 Personal finance
Online Access:http://irep.iium.edu.my/45723/
http://irep.iium.edu.my/45723/
http://irep.iium.edu.my/45723/1/157-684-1-PB.pdf
id iium-45723
recordtype eprints
spelling iium-457232016-01-15T04:17:26Z http://irep.iium.edu.my/45723/ The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs Mohd Noar, Nor Zaihan Ahmad, Norsita Lin HF Commerce HG179 Personal finance This paper aims to identify the effectiveness of al-Rahn, an Islamic pawn broking scheme, on socio-economic needs. The primary research fieldwork was conducted in Kuala Terengganu, Terengganu and Kuantan, Pahang. Semi-structured questionnaires were used to collect data and were analyzed via the cross tabulation using excel spreadsheet. The findings from this study implies that the community, especially the Malay ethnicity, found al-Rahn to be able to fulfill their needs for fast and hassle free, small short term loans, hence providing loyalty to the scheme. The need for fulfillment is derived from data collected from two main components of al-Rahn i.e. loan tenure and loan sufficiency. While al-Rahn services are currently growing in popularity and offered by many institutions, the al-Rahn institutions used under this study is limited to Kuantan and Kuala Terengganu towns. Revelation and Science, IIUM 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/45723/1/157-684-1-PB.pdf Mohd Noar, Nor Zaihan and Ahmad, Norsita Lin (2015) The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs. Revelation and Science, 5 (2). pp. 14-23. ISSN 2229-9947 http://journals.iium.edu.my/revival/index.php/revival/issue/archive
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HF Commerce
HG179 Personal finance
spellingShingle HF Commerce
HG179 Personal finance
Mohd Noar, Nor Zaihan
Ahmad, Norsita Lin
The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs
description This paper aims to identify the effectiveness of al-Rahn, an Islamic pawn broking scheme, on socio-economic needs. The primary research fieldwork was conducted in Kuala Terengganu, Terengganu and Kuantan, Pahang. Semi-structured questionnaires were used to collect data and were analyzed via the cross tabulation using excel spreadsheet. The findings from this study implies that the community, especially the Malay ethnicity, found al-Rahn to be able to fulfill their needs for fast and hassle free, small short term loans, hence providing loyalty to the scheme. The need for fulfillment is derived from data collected from two main components of al-Rahn i.e. loan tenure and loan sufficiency. While al-Rahn services are currently growing in popularity and offered by many institutions, the al-Rahn institutions used under this study is limited to Kuantan and Kuala Terengganu towns.
format Article
author Mohd Noar, Nor Zaihan
Ahmad, Norsita Lin
author_facet Mohd Noar, Nor Zaihan
Ahmad, Norsita Lin
author_sort Mohd Noar, Nor Zaihan
title The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs
title_short The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs
title_full The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs
title_fullStr The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs
title_full_unstemmed The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs
title_sort effectiveness of al-rahn (islamic pawn broking scheme) on socio-economic needs
publisher Revelation and Science, IIUM
publishDate 2015
url http://irep.iium.edu.my/45723/
http://irep.iium.edu.my/45723/
http://irep.iium.edu.my/45723/1/157-684-1-PB.pdf
first_indexed 2023-09-18T21:05:04Z
last_indexed 2023-09-18T21:05:04Z
_version_ 1777410878498406400

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