A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia

In this paper we aim to examine the effectiveness of Al-Rahnu (Islamic pawn broking) services in fulfilling and enhancing socio-economic needs of its users as an alternative source of managing short term cash flow problem. To achieve our objectives we conducted a survey in two cities of Malaysia: Ku...

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Main Authors:	Mohd Noar, Nor Zaihan, Islam, Mohd Aminul
Format:	Conference or Workshop Item
Language:	English English English
Published:	2015
Subjects:	BP140 Islamic law (Fiqh) HG Finance QA Mathematics
Online Access:	http://irep.iium.edu.my/48192/ http://irep.iium.edu.my/48192/ http://irep.iium.edu.my/48192/7/GRDS_Conference_Proceedings.pdf http://irep.iium.edu.my/48192/3/GRDS_Conference_Proceedings2.jpg http://irep.iium.edu.my/48192/8/2016_A_Study_on_the_Efficacy_of_Islamic_Pawnbroking.pdf

id	iium-48192
recordtype	eprints
spelling	iium-481922016-07-18T12:58:23Z http://irep.iium.edu.my/48192/ A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia Mohd Noar, Nor Zaihan Islam, Mohd Aminul BP140 Islamic law (Fiqh) HG Finance QA Mathematics In this paper we aim to examine the effectiveness of Al-Rahnu (Islamic pawn broking) services in fulfilling and enhancing socio-economic needs of its users as an alternative source of managing short term cash flow problem. To achieve our objectives we conducted a survey in two cities of Malaysia: Kuantan and Kuala Terengganu in the states of Pahang and Terengganu respectively. A sample of 128 users of Al-Rahnu services were used to collect data through distributing a semi-structured questionnaire. The results were analyzed via the cross tabulation using excel spreadsheets. The findings from this study revealed that the community, especially the Malay ethnicity found Al-Rahnu services effective in fulfilling their needs of getting access to small short term loans with fast and hassle freeway and hence making them loyal to Al-Rahnu services. This implies that the Al-Rahnu services are well accepted as a better mean to ease short term financial difficulties and hence able to empower socio-economic needs of the people. The fulfillment of needs are derived from two main components of Al-Rahnu survey questions i.e. the loan tenure and the loan sufficiency. 2015 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/48192/7/GRDS_Conference_Proceedings.pdf application/pdf en http://irep.iium.edu.my/48192/3/GRDS_Conference_Proceedings2.jpg application/pdf en http://irep.iium.edu.my/48192/8/2016_A_Study_on_the_Efficacy_of_Islamic_Pawnbroking.pdf Mohd Noar, Nor Zaihan and Islam, Mohd Aminul (2015) A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia. In: 12th International Conference on Advances in Social Sciences ICASS, Kuala Lumpur, 28 - 29 December 2015, Kuala Lumpur. http://grdspublishing.org/PEOPLE/people.html
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	BP140 Islamic law (Fiqh) HG Finance QA Mathematics
spellingShingle	BP140 Islamic law (Fiqh) HG Finance QA Mathematics Mohd Noar, Nor Zaihan Islam, Mohd Aminul A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia
description	In this paper we aim to examine the effectiveness of Al-Rahnu (Islamic pawn broking) services in fulfilling and enhancing socio-economic needs of its users as an alternative source of managing short term cash flow problem. To achieve our objectives we conducted a survey in two cities of Malaysia: Kuantan and Kuala Terengganu in the states of Pahang and Terengganu respectively. A sample of 128 users of Al-Rahnu services were used to collect data through distributing a semi-structured questionnaire. The results were analyzed via the cross tabulation using excel spreadsheets. The findings from this study revealed that the community, especially the Malay ethnicity found Al-Rahnu services effective in fulfilling their needs of getting access to small short term loans with fast and hassle freeway and hence making them loyal to Al-Rahnu services. This implies that the Al-Rahnu services are well accepted as a better mean to ease short term financial difficulties and hence able to empower socio-economic needs of the people. The fulfillment of needs are derived from two main components of Al-Rahnu survey questions i.e. the loan tenure and the loan sufficiency.
format	Conference or Workshop Item
author	Mohd Noar, Nor Zaihan Islam, Mohd Aminul
author_facet	Mohd Noar, Nor Zaihan Islam, Mohd Aminul
author_sort	Mohd Noar, Nor Zaihan
title	A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia
title_short	A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia
title_full	A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia
title_fullStr	A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia
title_full_unstemmed	A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia
title_sort	study on the efficacy of islamic pawn broking services in fulfilling socio–economic needs : a case of two cities kuantan and kuala terengganu in malaysia
publishDate	2015
url	http://irep.iium.edu.my/48192/ http://irep.iium.edu.my/48192/ http://irep.iium.edu.my/48192/7/GRDS_Conference_Proceedings.pdf http://irep.iium.edu.my/48192/3/GRDS_Conference_Proceedings2.jpg http://irep.iium.edu.my/48192/8/2016_A_Study_on_the_Efficacy_of_Islamic_Pawnbroking.pdf
first_indexed	2023-09-18T21:08:25Z
last_indexed	2023-09-18T21:08:25Z
_version_	1777411089237016576

A study on the efficacy of Islamic pawn broking services in fulfilling socio–economic needs : a case of two cities Kuantan and Kuala Terengganu in Malaysia

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