Addressing the agricultural financing gap in Malaysia via Manihah Agricultural Financing Model: will Islamic banks go the extra mile?

Purpose – This paper introduces the concept of manihah and develops a conceptual framework to address Malaysia’s abandoned lands and food security issues. Design/methodology/approach – This is a conceptual paper based on insights from the existing literature and secondary data on food security, a...

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Bibliographic Details
Main Authors: Rahman, Nur Hasnida, Zabri, Mohd Zaidi, Ali, Mohammad Mahbubi
Format: Article
Language:English
Published: Emerald 2021
Subjects:
Online Access:http://irep.iium.edu.my/96563/7/96563_Addressing%20the%20agricultural%20financing%20gap%20in%20Malaysia.pdf
http://irep.iium.edu.my/96563/
https://www.emerald.com/insight/content/doi/10.1108/AFR-04-2021-0043/full/pdf?title=addressing-the-agricultural-financing-gap-in-malaysia-via-italicmanihahitalic-agricultural-financing-model-will-islamic-banks-go-the-extra-mile
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Summary:Purpose – This paper introduces the concept of manihah and develops a conceptual framework to address Malaysia’s abandoned lands and food security issues. Design/methodology/approach – This is a conceptual paper based on insights from the existing literature and secondary data on food security, abandoned lands and manihah. Based on the prevailing gaps, the study proposes a conceptual framework of the Manihah Agricultural Financing Model to address Malaysia’s abandoned land and food security issues. Findings – The proposed model can address abandoned lands and food security issues due to the new incorporation of manihah within Malaysia’s agricultural and Islamic financial industries’ milieu. Research limitations/implications – This is a conceptual paper mainly intended to spark a discussion on the potentiality of manihah. Practical implications – The paper contends that Islamic banks have a crucial role in furthering the socioeconomic development agenda under the value-based intermediation (VBI). The paper will also be an excellent introduction to Islamic bank practitioners in understanding manihah’s relevance to their daily operation. Originality/value – This paper introduces manihah as the potential solution to food security issues by utilizing abandoned lands.