Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia

Muslims in Malaysia had practiced ar-rahnu for fulfilling their financial need, especially for emergency purposes since early 1990s. The pioneer of ar-rahnu in Malaysia is Muassasah Gadaian Islam Terengganu (MGIT) in January 1992, followed by the Kelantan Capitalization Berhad (PKB) in March 1992. B...

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Main Authors:	Nik Azman, Nik Hadiyan, Kassim, Salina
Format:	Article
Language:	English
Published:	Bank Indonesia 2017
Subjects:	H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit
Online Access:	http://irep.iium.edu.my/60122/ http://irep.iium.edu.my/60122/ http://irep.iium.edu.my/60122/1/006%20Nik%20BI%20JIMEF.pdf

id	iium-60122
recordtype	eprints
spelling	iium-601222017-12-15T02:12:32Z http://irep.iium.edu.my/60122/ Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia Nik Azman, Nik Hadiyan Kassim, Salina H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit Muslims in Malaysia had practiced ar-rahnu for fulfilling their financial need, especially for emergency purposes since early 1990s. The pioneer of ar-rahnu in Malaysia is Muassasah Gadaian Islam Terengganu (MGIT) in January 1992, followed by the Kelantan Capitalization Berhad (PKB) in March 1992. Both of these Islamic pawn centres are among the earliest exponents to the Islamic pawn scheme in Malaysia. Ar-rahnu is an increasingly popular financing option among micro-entrepreneurs in Malaysia, particularly women micro-entrepreneurs. Women micro-entrepreneurs play a vital role in the Malaysian economy and could be considered as the backbone of the industrial development in Malaysia. This study examines the role of ar-rahnu as a source of financial stability for women micro-entrepreneurs. 600 questionnaires were distributed at three states in Malaysia which are Kelantan, Terengganu and Kedah. Then, this study used SPSS and SEM Amos to analyses the data for 600 respondents (women micro-entrepreneurs) in Malaysia. In essence, this study finds that shariah compliancy, locality, service charges, collateral and customer satisfaction has positive and significant impact towards the use of ar-rahnu. The study also found use of ar-rahnu has significant impact towards financial self-sufficiency for women micro-entrepreneurs. Bank Indonesia 2017-02 Article PeerReviewed application/pdf en http://irep.iium.edu.my/60122/1/006%20Nik%20BI%20JIMEF.pdf Nik Azman, Nik Hadiyan and Kassim, Salina (2017) Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia. Journal of Islamic Monetary Economics and Management, 2 (2). pp. 221-250. ISSN 2460-6146 E-ISSN 2461-6618 http://journalbankindonesia.org/index.php/JIMF/article/view/654/586
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit
spellingShingle	H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit Nik Azman, Nik Hadiyan Kassim, Salina Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia
description	Muslims in Malaysia had practiced ar-rahnu for fulfilling their financial need, especially for emergency purposes since early 1990s. The pioneer of ar-rahnu in Malaysia is Muassasah Gadaian Islam Terengganu (MGIT) in January 1992, followed by the Kelantan Capitalization Berhad (PKB) in March 1992. Both of these Islamic pawn centres are among the earliest exponents to the Islamic pawn scheme in Malaysia. Ar-rahnu is an increasingly popular financing option among micro-entrepreneurs in Malaysia, particularly women micro-entrepreneurs. Women micro-entrepreneurs play a vital role in the Malaysian economy and could be considered as the backbone of the industrial development in Malaysia. This study examines the role of ar-rahnu as a source of financial stability for women micro-entrepreneurs. 600 questionnaires were distributed at three states in Malaysia which are Kelantan, Terengganu and Kedah. Then, this study used SPSS and SEM Amos to analyses the data for 600 respondents (women micro-entrepreneurs) in Malaysia. In essence, this study finds that shariah compliancy, locality, service charges, collateral and customer satisfaction has positive and significant impact towards the use of ar-rahnu. The study also found use of ar-rahnu has significant impact towards financial self-sufficiency for women micro-entrepreneurs.
format	Article
author	Nik Azman, Nik Hadiyan Kassim, Salina
author_facet	Nik Azman, Nik Hadiyan Kassim, Salina
author_sort	Nik Azman, Nik Hadiyan
title	Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia
title_short	Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia
title_full	Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia
title_fullStr	Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia
title_full_unstemmed	Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia
title_sort	ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in malaysia
publisher	Bank Indonesia
publishDate	2017
url	http://irep.iium.edu.my/60122/ http://irep.iium.edu.my/60122/ http://irep.iium.edu.my/60122/1/006%20Nik%20BI%20JIMEF.pdf
first_indexed	2023-09-18T21:25:13Z
last_indexed	2023-09-18T21:25:13Z
_version_	1777412145827282944

Ar-rahnu as a source of financial sustainability for women micro-entrepreneurs in Malaysia

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