Staff View: 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/65386/1/paper_JIPSF_2017.pdf http://irep.iium.edu.my/65386/ https://cipsf.my/publication/index.php/jipsf/article/view/29/14
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spelling	my.iium.irep.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. https://cipsf.my/publication/index.php/jipsf/article/view/29/14
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
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/65386/1/paper_JIPSF_2017.pdf http://irep.iium.edu.my/65386/ https://cipsf.my/publication/index.php/jipsf/article/view/29/14
_version_	1643617576016674816
score	13.211869

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

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