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Role of Ar-Rahnu as micro-credit instrument in achieving financial self-sufficiency among women micro-entrepreneurs

Nik Azman, Nik Hadiyan and Kassim, Salina and Adewale, Abideen Adeyemi (2016) Role of Ar-Rahnu as micro-credit instrument in achieving financial self-sufficiency among women micro-entrepreneurs. Intellectual Discourse (special Issue). pp. 365-385. ISSN 0128-4878 E-ISSN 2289-5639

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Compared to conventional pawnbroking, Islamic pawnbroking (or ar-rahnu) is relatively a recent product in the financial market. More recently, however, ar-rahnu-based microcredit facility has grown in importance over the past few years due to the increased awareness on Islamic finance in Malaysia and is increasingly a popular financing option, particularly among women micro-entrepreneurs. This study examines the role of ar-rahnu as a micro-credit instrument among women micro-entrepreneurs and aims to understand how the use of ar-rahnu could help them to achieve financial self-sufficiency. In achieving these objectives, the study conducts a survey on women micro-entrepreneurs in the Siti Khadijah market in Kelantan. Findings of the study are useful for the relevant authorities to take initiatives to promote Islamic-based micro-credit instruments, especially among women micro-entrepreneurs.

Item Type: Article (Journal)
Additional Information: 4600/55540
Uncontrolled Keywords: Ar-rahnu, microcredit, women, micro-entrepreneurs, Islamic finance
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG3691 Credit
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Prof. Dr. Salina Kassim
Date Deposited: 27 Feb 2017 12:19
Last Modified: 12 Apr 2017 17:01
URI: http://irep.iium.edu.my/id/eprint/55540

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