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The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model

Mohd Thas Thaker, Mohamed Asmy and Mohamed, Mustafa Omar (2013) The challenges of micro enterprises in Malaysia and the prospect for integrated cash waqf micro enterprise investment (ICWME-I) model. In: Small and Medium Enterprises in Selected Muslim Countries. IIUM Press. ISBN not available (In Press)

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Small and Medium Enterprises (SMEs) have been the backbone of economic growth of many economies. In Malaysia too, SMEs have played a role in contributing to the economy as Malaysia embarks on the journey towards achieving Vision 2020. However, SMEs contribution to Malaysian GDP is still comparatively low. The Malaysian government launched several programs and schemes to boost SMEs activities and development. Hitherto, however, the impact of these programs and schemes are yet to be felt. One reason is that most of the government funding goes to small and medium enterprises, while the largest contributor to SMEs - the micro enterprises have hardly considerable financing assistance. Micro enterprises are considered risky and strict loan conditions have been imposed on them such as collateral, proper support documents and good business track record. Unfortunately, most of them cannot fulfil these conditions. Furthermore, micro enterprises suffer from human resource deficiency. Most of them have less skilled human capital resources with low level of education. Thus, the present study intends to critically survey the literature on the subject. It uses explanatory analysis. Later, it proposes an Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) model as a solution for microenterprises. This model is expected to effectively address their financial and human resource constraints and enhance their contributions to the national income. The study concludes with some suggestions for policy implications

Item Type: Book Chapter
Additional Information: 7210/39844
Subjects: H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited: 15 Jan 2015 16:29
Last Modified: 05 Jun 2015 16:06
URI: http://irep.iium.edu.my/id/eprint/39844

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