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Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah

This study aims to develop a Microtakaful scheme utilising the Zkah fund by adopting both quantitative and qualitative methods to identify the factors that influence financial well-being among Asnaf in Kedah. A total of 83 working Asnaf from Skim Bantuan Jayadiri under Lembaga Zakat Negeri Kedah par...

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Main Authors: Kadir @ Shahar, Hanita, Azhari, Adilah, Aziz, Nazliatul Aniza, Ridzuan, Muhammad Nasrul
Format: Monograph
Language:English
Published: UUM 2022
Subjects:
HG Finance
Online Access:https://repo.uum.edu.my/id/eprint/29582/1/14720.pdf
https://repo.uum.edu.my/id/eprint/29582/
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spelling my.uum.repo.295822023-06-28T08:43:15Z https://repo.uum.edu.my/id/eprint/29582/ Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah Kadir @ Shahar, Hanita Azhari, Adilah Aziz, Nazliatul Aniza Ridzuan, Muhammad Nasrul HG Finance This study aims to develop a Microtakaful scheme utilising the Zkah fund by adopting both quantitative and qualitative methods to identify the factors that influence financial well-being among Asnaf in Kedah. A total of 83 working Asnaf from Skim Bantuan Jayadiri under Lembaga Zakat Negeri Kedah participated in the survey and two representatives from top management of Lembaga Zakat Negeri Kedah were interviewed. A stratified sampling technique was employed and survey data were analysed using partial least squares structural equation modeling (PLS-SEM). The study found that common risks and vulnerabilities faced by the working Asnaf are illnesses that required outpatient treatment, loss of livestock and permanent and temporary disability. The study concluded that in terms of risk coping mechanism, the risks could be covered in the Microtakaful scheme due to the respondents are least likely to seek financial assistance from the government when disaster strikes. The survey result indicates that Protection Needs, Risk coping mechanism and Zakat have significant positive relationship towards financial well-being. The findings highlight that a proposed Microtakaful plan can be applied to the Lembaga Zakat Kedah and other Zakat agency in other states in Malaysia. UUM 2022 Monograph NonPeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/29582/1/14720.pdf Kadir @ Shahar, Hanita and Azhari, Adilah and Aziz, Nazliatul Aniza and Ridzuan, Muhammad Nasrul (2022) Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah. Technical Report. UUM. (Submitted)
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Kadir @ Shahar, Hanita
Azhari, Adilah
Aziz, Nazliatul Aniza
Ridzuan, Muhammad Nasrul
Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah
description This study aims to develop a Microtakaful scheme utilising the Zkah fund by adopting both quantitative and qualitative methods to identify the factors that influence financial well-being among Asnaf in Kedah. A total of 83 working Asnaf from Skim Bantuan Jayadiri under Lembaga Zakat Negeri Kedah participated in the survey and two representatives from top management of Lembaga Zakat Negeri Kedah were interviewed. A stratified sampling technique was employed and survey data were analysed using partial least squares structural equation modeling (PLS-SEM). The study found that common risks and vulnerabilities faced by the working Asnaf are illnesses that required outpatient treatment, loss of livestock and permanent and temporary disability. The study concluded that in terms of risk coping mechanism, the risks could be covered in the Microtakaful scheme due to the respondents are least likely to seek financial assistance from the government when disaster strikes. The survey result indicates that Protection Needs, Risk coping mechanism and Zakat have significant positive relationship towards financial well-being. The findings highlight that a proposed Microtakaful plan can be applied to the Lembaga Zakat Kedah and other Zakat agency in other states in Malaysia.
format Monograph
author Kadir @ Shahar, Hanita
Azhari, Adilah
Aziz, Nazliatul Aniza
Ridzuan, Muhammad Nasrul
author_facet Kadir @ Shahar, Hanita
Azhari, Adilah
Aziz, Nazliatul Aniza
Ridzuan, Muhammad Nasrul
author_sort Kadir @ Shahar, Hanita
title Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah
title_short Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah
title_full Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah
title_fullStr Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah
title_full_unstemmed Utilizing Zakah Fund for Developing Microtakaful Scheme Towards Enhancing Financial Well-Being of Working Asnaf in Kedah
title_sort utilizing zakah fund for developing microtakaful scheme towards enhancing financial well-being of working asnaf in kedah
publisher UUM
publishDate 2022
url https://repo.uum.edu.my/id/eprint/29582/1/14720.pdf
https://repo.uum.edu.my/id/eprint/29582/
_version_ 1770554190352875520
score 13.211869

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