The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry

Purpose – Since middle of 1960, the clove production has continually and significantly decreased due to some problems and challenges which include financial ones. The financial intermediaries such as banks, cooperatives and micro-enterprises provide micro-financing to the farmers with high intere...

Full description

Bibliographic Details
Main Authors:	Moh’d, Issa Salim, Mohamed, Mustafa Omar, Saiti, Buerhan
Format:	Article
Language:	English English English
Published:	Emerald 2017
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/56086/ http://irep.iium.edu.my/56086/ http://irep.iium.edu.my/56086/1/56086-Problems%20Facing%20Agricultural%20Sector%20-%20emerald.pdf http://irep.iium.edu.my/56086/13/56086-Problems%20Facing%20Agricultural%20Sector%20-%20wos.pdf http://irep.iium.edu.my/56086/14/56086-Problems%20Facing%20Agricultural%20Sector%20-%20scopus%20latest.pdf

id	iium-56086
recordtype	eprints
spelling	iium-560862018-05-18T04:21:29Z http://irep.iium.edu.my/56086/ The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry Moh’d, Issa Salim Mohamed, Mustafa Omar Saiti, Buerhan HG4001 Financial management. Business finance. Corporation finance. Purpose – Since middle of 1960, the clove production has continually and significantly decreased due to some problems and challenges which include financial ones. The financial intermediaries such as banks, cooperatives and micro-enterprises provide micro-financing to the farmers with high interest rates along with collateral requirements. The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. Therefore, this paper tries to identify the appropriate model to address the financial challenges in agricultural sector in Zanzibar. Design/methodology/approach – We will review and examine several existing financial models and will identify the issues and challenges of the current financial models and will propose an appropriate Islamic financing model. Findings- The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. This study, therefore, proposed a Waqf-Muzara’ah- Supply Chain model (WMSCM) to address the financial challenge. Partnership arrangement is also suggested in the model to mitigate the issues of high interest rates and collateral that constrains the financial ability of the farmers and their agricultural output. Originality/value - The contribution of the agricultural sector to the economic development of Zanzibar Islands is considerable. As one of the important agricultural sectors, the clove industry was the economic backbone of the government of Zanzibar. This study is believed to be a pioneering work; hence it is the first study that investigates empirically the challenges facing the clove industry in Zanzibar. Emerald 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/56086/1/56086-Problems%20Facing%20Agricultural%20Sector%20-%20emerald.pdf application/pdf en http://irep.iium.edu.my/56086/13/56086-Problems%20Facing%20Agricultural%20Sector%20-%20wos.pdf application/pdf en http://irep.iium.edu.my/56086/14/56086-Problems%20Facing%20Agricultural%20Sector%20-%20scopus%20latest.pdf Moh’d, Issa Salim and Mohamed, Mustafa Omar and Saiti, Buerhan (2017) The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry. Humanomics, 33 (2). pp. 189-210. ISSN 0828-8666 http://www.emeraldinsight.com/loi/h
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG4001 Financial management. Business finance. Corporation finance. Moh’d, Issa Salim Mohamed, Mustafa Omar Saiti, Buerhan The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry
description	Purpose – Since middle of 1960, the clove production has continually and significantly decreased due to some problems and challenges which include financial ones. The financial intermediaries such as banks, cooperatives and micro-enterprises provide micro-financing to the farmers with high interest rates along with collateral requirements. The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. Therefore, this paper tries to identify the appropriate model to address the financial challenges in agricultural sector in Zanzibar. Design/methodology/approach – We will review and examine several existing financial models and will identify the issues and challenges of the current financial models and will propose an appropriate Islamic financing model. Findings- The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. This study, therefore, proposed a Waqf-Muzara’ah- Supply Chain model (WMSCM) to address the financial challenge. Partnership arrangement is also suggested in the model to mitigate the issues of high interest rates and collateral that constrains the financial ability of the farmers and their agricultural output. Originality/value - The contribution of the agricultural sector to the economic development of Zanzibar Islands is considerable. As one of the important agricultural sectors, the clove industry was the economic backbone of the government of Zanzibar. This study is believed to be a pioneering work; hence it is the first study that investigates empirically the challenges facing the clove industry in Zanzibar.
format	Article
author	Moh’d, Issa Salim Mohamed, Mustafa Omar Saiti, Buerhan
author_facet	Moh’d, Issa Salim Mohamed, Mustafa Omar Saiti, Buerhan
author_sort	Moh’d, Issa Salim
title	The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry
title_short	The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry
title_full	The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry
title_fullStr	The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry
title_full_unstemmed	The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry
title_sort	problems facing agricultural sector in zanzibar and the prospects of waqf-muzar’ah-supply chain model: the case of clove industry
publisher	Emerald
publishDate	2017
url	http://irep.iium.edu.my/56086/ http://irep.iium.edu.my/56086/ http://irep.iium.edu.my/56086/1/56086-Problems%20Facing%20Agricultural%20Sector%20-%20emerald.pdf http://irep.iium.edu.my/56086/13/56086-Problems%20Facing%20Agricultural%20Sector%20-%20wos.pdf http://irep.iium.edu.my/56086/14/56086-Problems%20Facing%20Agricultural%20Sector%20-%20scopus%20latest.pdf
first_indexed	2023-09-18T21:19:08Z
last_indexed	2023-09-18T21:19:08Z
_version_	1777411763640205312

The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-Supply Chain Model: the case of clove industry

Similar Items