The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor

Hamdan, Hamdino and Othman, Pazim @ Fadzim and Ahmad, Khaliq (2013) The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor. In: 1st International Conference on Innovation and Sustainability (ICOIS) 2013, 3rd-4th April 2013, Sunway Resort Hotel & Spa Kuala Lumpur. (Unpublished)

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Abstract

Islamic Microfinance Program (IMP) through the utilization of zakat fund has been a significant source of capital for entrepreneurship activities among the poor Muslim’s families in Malaysia. Starting from the New Economic Plan (NEP) in 1971, the Malaysian Government has realized the importance of IMP in supporting the microenterprises activities for the purpose of poverty alleviation strategy. ‘Asnaf Entrepreneurs Development Programme’ (AEDP) conducted by Lembaga Zakat Selangor (LZS) is among the pioneers and most established IMPs being introduced in the country. However, there may be doubts whether this programme has achieved its objective of increasing the socio-economic level of the poor. Therefore, the focus of this study is to evaluate the implementation effectiveness of AEDP in increasing the participants’ income for the purpose of poverty alleviation through entrepreneurial concept by conducting microenterprise. The results show that the programme’s processes and procedures, officer’s qualifications, attitudes and experiences affected the participants’ business revenues.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	6883/75981
Uncontrolled Keywords:	Poverty alleviation, Islamic microfinance, asnaf entrepreneur, microenterprise, zakat fund
Subjects:	H Social Sciences > HB Economic Theory > HB846 Welfare theory H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	dr hamdino hamdan
Date Deposited:	29 Nov 2019 14:09
Last Modified:	29 Nov 2019 14:09
URI:	http://irep.iium.edu.my/id/eprint/75981

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