Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis

Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis

Micro Enterprises (MEs) in Malaysia becomes as an important engine for economic growth. Despite its importance and the continuous support from the government, MEs in Malaysia are facing some problems. Several earlier studies stated that Malaysian MEs face the problem of accessing finance due to many...

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Main Authors: Duasa, Jarita, Mohd Thas Thaker, Mohamed Asmy
Format: Article
Language:English
Published: Center for Islamic Philanthropy and Social Finance (CIPSF), Universiti Teknologi MARA, Malaysia 2017
Subjects:
HA Statistics
HA154 Statistical data
HG Finance
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/65386/
http://irep.iium.edu.my/65386/
http://irep.iium.edu.my/65386/1/paper_JIPSF_2017.pdf
id iium-65386
recordtype eprints
spelling iium-653862018-08-29T04:25:04Z http://irep.iium.edu.my/65386/ Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis Duasa, Jarita Mohd Thas Thaker, Mohamed Asmy HA Statistics HA154 Statistical data HG Finance HG3368 Islamic Banking and Finance Micro Enterprises (MEs) in Malaysia becomes as an important engine for economic growth. Despite its importance and the continuous support from the government, MEs in Malaysia are facing some problems. Several earlier studies stated that Malaysian MEs face the problem of accessing finance due to many factors. Malaysian government has introduced and continued to assist Small and Medium Enterprises (SMEs) through the implementation of several policies, programmes and extensive financial resources allocations to enhance the activities of SMEs. However, these efforts have not been adequate to meet the needs of micro enterprises. The objectives of this study are: 1. To discuss the extent of the problems of (i) financing, (ii) human capital (iii) market accessibility (iv) innovation and technology adoption, and (v) infrastructure development faced by MEs in Malaysia. 2. To develop an alternative model that is available for effectively addressing the problems mentioned in (1) and 3. To analyze the probability that MEs will adopt the proposed model (cash waqf investment model). In methodology, primary data are collected using self-developed questionnaire (survey) This study focuses on MEs in Klang Valley (Selangor and Kuala Lumpur) since it records the highest number of such enterprises in the area. The analysis is conducted using statistical analysis and Logistic Regression analysis. The study finds that high probability of MEs opting for the proposed Integrated Cash Waqf model for their business financing is contributed by the high business annual turnovers, older entrepreneurs, those who have more awareness on cash waqf and those who have experienced applying loan recently. Center for Islamic Philanthropy and Social Finance (CIPSF), Universiti Teknologi MARA, Malaysia 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/65386/1/paper_JIPSF_2017.pdf Duasa, Jarita and Mohd Thas Thaker, Mohamed Asmy (2017) Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis. Journal of Islamic Philanthropy and Social Finance (JIPSF), 1 (2). pp. 26-41. E-ISSN 2590-3942 https://cipsf.my/publication/index.php/jipsf/article/view/29/14
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HA Statistics
HA154 Statistical data
HG Finance
HG3368 Islamic Banking and Finance
spellingShingle HA Statistics
HA154 Statistical data
HG Finance
HG3368 Islamic Banking and Finance
Duasa, Jarita
Mohd Thas Thaker, Mohamed Asmy
Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis
description Micro Enterprises (MEs) in Malaysia becomes as an important engine for economic growth. Despite its importance and the continuous support from the government, MEs in Malaysia are facing some problems. Several earlier studies stated that Malaysian MEs face the problem of accessing finance due to many factors. Malaysian government has introduced and continued to assist Small and Medium Enterprises (SMEs) through the implementation of several policies, programmes and extensive financial resources allocations to enhance the activities of SMEs. However, these efforts have not been adequate to meet the needs of micro enterprises. The objectives of this study are: 1. To discuss the extent of the problems of (i) financing, (ii) human capital (iii) market accessibility (iv) innovation and technology adoption, and (v) infrastructure development faced by MEs in Malaysia. 2. To develop an alternative model that is available for effectively addressing the problems mentioned in (1) and 3. To analyze the probability that MEs will adopt the proposed model (cash waqf investment model). In methodology, primary data are collected using self-developed questionnaire (survey) This study focuses on MEs in Klang Valley (Selangor and Kuala Lumpur) since it records the highest number of such enterprises in the area. The analysis is conducted using statistical analysis and Logistic Regression analysis. The study finds that high probability of MEs opting for the proposed Integrated Cash Waqf model for their business financing is contributed by the high business annual turnovers, older entrepreneurs, those who have more awareness on cash waqf and those who have experienced applying loan recently.
format Article
author Duasa, Jarita
Mohd Thas Thaker, Mohamed Asmy
author_facet Duasa, Jarita
Mohd Thas Thaker, Mohamed Asmy
author_sort Duasa, Jarita
title Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis
title_short Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis
title_full Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis
title_fullStr Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis
title_full_unstemmed Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis
title_sort proposed integrated cash waqf investment model for micro enterprise in malaysia: an empirical analysis
publisher Center for Islamic Philanthropy and Social Finance (CIPSF), Universiti Teknologi MARA, Malaysia
publishDate 2017
url http://irep.iium.edu.my/65386/
http://irep.iium.edu.my/65386/
http://irep.iium.edu.my/65386/1/paper_JIPSF_2017.pdf
first_indexed 2023-09-18T21:32:46Z
last_indexed 2023-09-18T21:32:46Z
_version_ 1777412621716160512

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