Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]

In 2006, the Malaysian government implemented a sustainable and comprehensive microfinance institutional framework. Since then, many of the jinancial institutions have laun ched microjinance products. The Islamic finance as such can flourish in the Small Medium Enterprises (SMEs) and the microfi...

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Main Authors:	Ahmad, Ismail, Ali, Husniyati, Pyeman, Jaafar, Osman, Muhamad Rahimi
Format:	Article
Language:	English
Published:	Institute of Research, Development and Commercialization (IRDC) 2007
Subjects:	Small business Microfinance Financial management. Business finance. Corporation finance
Online Access:	http://ir.uitm.edu.my/id/eprint/13033/ http://ir.uitm.edu.my/id/eprint/13033/1/AJ_ISMAIL%20AHMAD%20SMRJ%2007%201.pdf

id	uitm-13033
recordtype	eprints
spelling	uitm-130332016-06-15T03:35:05Z http://ir.uitm.edu.my/id/eprint/13033/ Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.] Ahmad, Ismail Ali, Husniyati Pyeman, Jaafar Osman, Muhamad Rahimi Small business Microfinance Financial management. Business finance. Corporation finance In 2006, the Malaysian government implemented a sustainable and comprehensive microfinance institutional framework. Since then, many of the jinancial institutions have laun ched microjinance products. The Islamic finance as such can flourish in the Small Medium Enterprises (SMEs) and the microfinance sector since financing in Islam involves the real economy. The Islamic financing which is based on Shari'ah differs in its spirit and motivation as compared to the conventional one. This paper, attempts to explore the Islamic Guarantee Schemes services as provided by the Credit Guarant ee Corporation (CGC). What are the factors that could lead the SMEs to go for Islamic Guarantee Schemes and what are their perceptions and knowledge of Islamic financing? The data set utilized in this study has been obtained via a selfadministered questionnaire, based on samples of 125 CGC's clients. Results of the survey postulated that many of the entrepreneurs were not aware of the existence of Islamic Guarantee Schemes, and their knowledge pertaining to the Shari 'ah principles of Islamic microfinancing is rather shallow. The results have important implications to the policy makers in strengthening the use of Islamic microfinancing among SMEs. The CGC also must work with a concerted effort with participating financial institutions to market these schemes to other entrepreneurs, who may be looking f or alternative modes of financing, which are Shari'ah compliant. Institute of Research, Development and Commercialization (IRDC) 2007 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13033/1/AJ_ISMAIL%20AHMAD%20SMRJ%2007%201.pdf Ahmad, Ismail and Ali, Husniyati and Pyeman, Jaafar and Osman, Muhamad Rahimi (2007) Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]. Social and Management Research Journal, 4 (2). pp. 23-43. ISSN 1675-7017
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Small business Microfinance Financial management. Business finance. Corporation finance
spellingShingle	Small business Microfinance Financial management. Business finance. Corporation finance Ahmad, Ismail Ali, Husniyati Pyeman, Jaafar Osman, Muhamad Rahimi Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]
description	In 2006, the Malaysian government implemented a sustainable and comprehensive microfinance institutional framework. Since then, many of the jinancial institutions have laun ched microjinance products. The Islamic finance as such can flourish in the Small Medium Enterprises (SMEs) and the microfinance sector since financing in Islam involves the real economy. The Islamic financing which is based on Shari'ah differs in its spirit and motivation as compared to the conventional one. This paper, attempts to explore the Islamic Guarantee Schemes services as provided by the Credit Guarant ee Corporation (CGC). What are the factors that could lead the SMEs to go for Islamic Guarantee Schemes and what are their perceptions and knowledge of Islamic financing? The data set utilized in this study has been obtained via a selfadministered questionnaire, based on samples of 125 CGC's clients. Results of the survey postulated that many of the entrepreneurs were not aware of the existence of Islamic Guarantee Schemes, and their knowledge pertaining to the Shari 'ah principles of Islamic microfinancing is rather shallow. The results have important implications to the policy makers in strengthening the use of Islamic microfinancing among SMEs. The CGC also must work with a concerted effort with participating financial institutions to market these schemes to other entrepreneurs, who may be looking f or alternative modes of financing, which are Shari'ah compliant.
format	Article
author	Ahmad, Ismail Ali, Husniyati Pyeman, Jaafar Osman, Muhamad Rahimi
author_facet	Ahmad, Ismail Ali, Husniyati Pyeman, Jaafar Osman, Muhamad Rahimi
author_sort	Ahmad, Ismail
title	Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]
title_short	Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]
title_full	Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]
title_fullStr	Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]
title_full_unstemmed	Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]
title_sort	exploring entrepreneurial knowledge and usage of islamic micro financing : a case study on islamic guarantee schemes of credit guarantee corporation (cgc) / ismail ahmad ... [et al.]
publisher	Institute of Research, Development and Commercialization (IRDC)
publishDate	2007
url	http://ir.uitm.edu.my/id/eprint/13033/ http://ir.uitm.edu.my/id/eprint/13033/1/AJ_ISMAIL%20AHMAD%20SMRJ%2007%201.pdf
first_indexed	2023-09-18T22:49:43Z
last_indexed	2023-09-18T22:49:43Z
_version_	1777417462061465600

Exploring entrepreneurial knowledge and usage of Islamic micro financing : a case study on Islamic guarantee Schemes of Credit Guarantee Corporation (CGC) / Ismail Ahmad ... [et al.]

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