Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak

The implementation of ar-rahnuscheme which aims to assist the poor and enhance Islamic banking institution in Malaysia, since 1993 has proven to be able to provide immediate micro financing services to those with financial difficulties. Nevertheless, after two decades in operation, it is found tha...

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Main Authors: Fathil, Fathiah, Yaacob, Mazlah, Khalid, Nurul Khairiah, Fathil, Fauziah
Format: Article
Language:English
Published: TEXTROAD Publishing Corporation 2017
Subjects:
Online Access:http://irep.iium.edu.my/61023/
http://irep.iium.edu.my/61023/
http://irep.iium.edu.my/61023/2/J.%20Appl.%20Environ.%20Biol.%20Sci.%2C%207%288%29110-117%2C%202017.pdf
id iium-61023
recordtype eprints
spelling iium-610232018-03-28T07:23:28Z http://irep.iium.edu.my/61023/ Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak Fathil, Fathiah Yaacob, Mazlah Khalid, Nurul Khairiah Fathil, Fauziah BP190.5 Islamization of Knowledge HJ Public Finance The implementation of ar-rahnuscheme which aims to assist the poor and enhance Islamic banking institution in Malaysia, since 1993 has proven to be able to provide immediate micro financing services to those with financial difficulties. Nevertheless, after two decades in operation, it is found that the involvement of members of Malaysian society in the scheme is still relatively low where the participants are mainly those of low income and the poor. The unique scheme which is not driven by profit-making and free of riba (usury) elements should be expanded to benefit all people and not confined to certain groups only. Hence, this study is conducted to identify the level of knowledge among general public about the ar-rahnu system and the level of acceptance among the masses of the scheme as a means to solve financial problems. It is hoped that the study which focuses on ar-rahnu institution of YaPEIM can be used as a guideline by relevant agencies or parties to ensure greater involvement of members of the society in the scheme, thus further augment the position of ar-rahnu institution in mainstream Islamic banking system in Malaysia. TEXTROAD Publishing Corporation 2017-08 Article PeerReviewed application/pdf en http://irep.iium.edu.my/61023/2/J.%20Appl.%20Environ.%20Biol.%20Sci.%2C%207%288%29110-117%2C%202017.pdf Fathil, Fathiah and Yaacob, Mazlah and Khalid, Nurul Khairiah and Fathil, Fauziah (2017) Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak. Journal of Applied Environmental and Biological Sciences (JAEBS), 7 (8). pp. 110-117. ISSN 2090-4274 https://www.textroad.com/pdf/JAEBS/J.%20Appl.%20Environ.%20Biol.%20Sci.,%207(8)110-117,%202017.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic BP190.5 Islamization of Knowledge
HJ Public Finance
spellingShingle BP190.5 Islamization of Knowledge
HJ Public Finance
Fathil, Fathiah
Yaacob, Mazlah
Khalid, Nurul Khairiah
Fathil, Fauziah
Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak
description The implementation of ar-rahnuscheme which aims to assist the poor and enhance Islamic banking institution in Malaysia, since 1993 has proven to be able to provide immediate micro financing services to those with financial difficulties. Nevertheless, after two decades in operation, it is found that the involvement of members of Malaysian society in the scheme is still relatively low where the participants are mainly those of low income and the poor. The unique scheme which is not driven by profit-making and free of riba (usury) elements should be expanded to benefit all people and not confined to certain groups only. Hence, this study is conducted to identify the level of knowledge among general public about the ar-rahnu system and the level of acceptance among the masses of the scheme as a means to solve financial problems. It is hoped that the study which focuses on ar-rahnu institution of YaPEIM can be used as a guideline by relevant agencies or parties to ensure greater involvement of members of the society in the scheme, thus further augment the position of ar-rahnu institution in mainstream Islamic banking system in Malaysia.
format Article
author Fathil, Fathiah
Yaacob, Mazlah
Khalid, Nurul Khairiah
Fathil, Fauziah
author_facet Fathil, Fathiah
Yaacob, Mazlah
Khalid, Nurul Khairiah
Fathil, Fauziah
author_sort Fathil, Fathiah
title Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak
title_short Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak
title_full Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak
title_fullStr Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak
title_full_unstemmed Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak
title_sort ar-rahnu scheme as flexible micro financing mechanism for society: case study on yapeim ar-rahnu in state of perak
publisher TEXTROAD Publishing Corporation
publishDate 2017
url http://irep.iium.edu.my/61023/
http://irep.iium.edu.my/61023/
http://irep.iium.edu.my/61023/2/J.%20Appl.%20Environ.%20Biol.%20Sci.%2C%207%288%29110-117%2C%202017.pdf
first_indexed 2023-09-18T21:26:32Z
last_indexed 2023-09-18T21:26:32Z
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