Financial resilience and financial education among Malaysian women small and micro business-owners: lessons beyond the Covid-19 crisis

Mahadi, Nur Farhah (2023) Financial resilience and financial education among Malaysian women small and micro business-owners: lessons beyond the Covid-19 crisis. Al-Hikmah International Journal for Islamic Studies & Human Sciences, 6 (2). pp. 22-33. E-ISSN 2773-5508

	PDF - Published Version Restricted to Repository staff only Download (325kB)
Preview	PDF Download (258kB) | Preview

Abstract

Policy makers across the countries have embraced financial education as a remedy to barrier militating against the need of women small and micro business owners to improve their financial decisions, behaviours, and invariably financial resilience and economic opportunities. A review of academic and policy literature on financial education and financial inclusions shows that policymakers have initiated different activities with focus on building and improving financial literacy of groups of women entrepreneurs who operates small and micro businesses. In order to highlight this important objective, one that resonates with development objectives, the paper discusses the following: first, the benefits of financial education for low-income group, in particular, women who operates micro and small businesses; Second, how financial education can support financial inclusions; and third, how financial education could be applied to deal with risks and challenges confronting the low income groups of women business owners, and enhance their financial resilience through appropriate financial decision making and adaptation over a long term. This paper finds relevance in the light of numerous financial challenges such as, financial shortfall, loss of income, trouble meeting other financial obligations experienced by group of low-income groups of women business owners during the COVID-19 pandemic crisis. One that has proven to be a severe test on their financial resilience. This research is supported by Ministry of Education (MOE) through Fundamental Research Grant Scheme (FRGS/1/2021/SS01/UIAM/03/3).

Item Type:	Article (Journal)
Uncontrolled Keywords:	Financial resilience and financial literacy: challenges and lessons beyond the COVID-19 crisis.
Subjects:	BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Nur Farhah Mahadi
Date Deposited:	29 May 2023 04:41
Last Modified:	29 May 2023 05:07
URI:	http://irep.iium.edu.my/id/eprint/104640

Actions (login required)

View Item