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A qualitative inquiry into cash waqf model as a source of financing for micro enterprises

Mohd Thas Thaker, Mohamed Asmy (2018) A qualitative inquiry into cash waqf model as a source of financing for micro enterprises. ISRA International Journal of Islamic Finance, xx (xx). pp. 1-20. ISSN 0128-1976 (In Press)

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Abstract

Purpose: This paper attempts to explore the opinions and recommendations of various experts on the Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) model, particularly in terms of its suitability, applicability and prospects in the market. Design/methodology/approach – The research involves primary data collected from semistructured interviews conducted with experts from various backgrounds. Thematic analysis was used to examine the data. Findings – The experts support the suitability of the ICWME-I model in providing financial services to micro enterprises. They highlight the importance of establishing, managing and operating the ICWME-I model under the aegis of the State Islamic Religious Council (SIRC) in Malaysia or the corporate sector. They further emphasize that the characteristics of micro enterprises, the element of sustainable funding, the importance of proper management and administration, legal matters and public awareness are key factors that influence the sustainability of the ICWME-I model. Originality/value – This paper adds to the literature on waqf (Islamic endowments) and micro enterprises especially from the Malaysian context. The paper validates the ICWME-I model in terms of its suitability, applicability and prospects in the market by interviewing experts from various backgrounds.

Item Type: Article (Journal)
Additional Information: 7210/63702
Uncontrolled Keywords: ICWME-I model, micro enterprises, cash waqf, financing, sustainability, thematic analysis
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.75 Islam and economics
H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance > HJ1438 Public Finance In Islam
Kulliyyahs/Centres/Divisions/Institutes: Centre for Islamic Economics
Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited: 17 May 2018 01:38
Last Modified: 17 May 2018 01:38
URI: http://irep.iium.edu.my/id/eprint/63702

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