The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs in Malaysia
There is an urgent call for a potential justification on how and to what extent customers (microentrepreneurs) of Ar-Rahnu institutions in Malaysia are successfully driven their living standards from B10 (hardcore poverty) to B40 (low income). This study classified Ar-Rahnu’s adoption factors into...
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| Format: | Article |
| Language: | English |
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Human Resource Management Academic Research Society
2020
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| Subjects: | |
| Online Access: | http://eprints.usm.my/47020/1/The_Adoption_of_Ar-Rahnu_and_Financial_Wellbeing_of_Micro-entrepreneurs_in_Malaysia.pdf |
| _version_ | 1797011681981759488 |
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| author | Azman, Nik Hadiyan Nik Zabri, Mohd Zaidi Md Masron, Tajul Ariffin Malim, Nurhafiza Abdul Kader |
| author_facet | Azman, Nik Hadiyan Nik Zabri, Mohd Zaidi Md Masron, Tajul Ariffin Malim, Nurhafiza Abdul Kader |
| author_sort | Azman, Nik Hadiyan Nik |
| collection | USM |
| description | There is an urgent call for a potential justification on how and to what extent customers (microentrepreneurs)
of Ar-Rahnu institutions in Malaysia are successfully driven their living standards from
B10 (hardcore poverty) to B40 (low income). This study classified Ar-Rahnu’s adoption factors into
three categories, namely, Shari’ah governance, uniqueness of Ar-Rahnu, and efficiency. 150
questionnaires were distributed to micro-entrepreneurs that used Ar-Rahnu and analysed using
SmartPLS 3.0. Based on the results, it shows that Shari’ah governance has a low correlation and
insignificant relationship towards Ar-Rahnu adoption. Stated differently, it means that customers find
Shari’ah-compliance requirements not as important and it does not get in their way of getting instant
cash from Ar-Rahnu. The other two constructs, namely as uniqueness and efficiency, have positive
relationships with Ar-Rahnu adoption. It shows a significant and positive relationship with the Ar-
Rahnu financing output. Unlike previous studies within the body of knowledge that mainly focuses
on the adoption factors of Ar-Rahnu, this study went a step further by addressing the after-effect or
impact of Ar-Rahnu adoption towards customers’ wellbeing, especially in terms of financial wellbeing
and have found positive results. |
| first_indexed | 2024-03-06T15:37:51Z |
| format | Article |
| id | usm.eprints-47020 |
| institution | Universiti Sains Malaysia |
| language | English |
| last_indexed | 2024-03-06T15:37:51Z |
| publishDate | 2020 |
| publisher | Human Resource Management Academic Research Society |
| record_format | dspace |
| spelling | usm.eprints-470202020-08-28T02:26:59Z http://eprints.usm.my/47020/ The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs in Malaysia Azman, Nik Hadiyan Nik Zabri, Mohd Zaidi Md Masron, Tajul Ariffin Malim, Nurhafiza Abdul Kader HB522-715 Income. Factor shares There is an urgent call for a potential justification on how and to what extent customers (microentrepreneurs) of Ar-Rahnu institutions in Malaysia are successfully driven their living standards from B10 (hardcore poverty) to B40 (low income). This study classified Ar-Rahnu’s adoption factors into three categories, namely, Shari’ah governance, uniqueness of Ar-Rahnu, and efficiency. 150 questionnaires were distributed to micro-entrepreneurs that used Ar-Rahnu and analysed using SmartPLS 3.0. Based on the results, it shows that Shari’ah governance has a low correlation and insignificant relationship towards Ar-Rahnu adoption. Stated differently, it means that customers find Shari’ah-compliance requirements not as important and it does not get in their way of getting instant cash from Ar-Rahnu. The other two constructs, namely as uniqueness and efficiency, have positive relationships with Ar-Rahnu adoption. It shows a significant and positive relationship with the Ar- Rahnu financing output. Unlike previous studies within the body of knowledge that mainly focuses on the adoption factors of Ar-Rahnu, this study went a step further by addressing the after-effect or impact of Ar-Rahnu adoption towards customers’ wellbeing, especially in terms of financial wellbeing and have found positive results. Human Resource Management Academic Research Society 2020-06 Article PeerReviewed application/pdf en http://eprints.usm.my/47020/1/The_Adoption_of_Ar-Rahnu_and_Financial_Wellbeing_of_Micro-entrepreneurs_in_Malaysia.pdf Azman, Nik Hadiyan Nik and Zabri, Mohd Zaidi Md and Masron, Tajul Ariffin and Malim, Nurhafiza Abdul Kader (2020) The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs in Malaysia. International Journal of Academic Research in Business and Social Sciences, 10 (6). pp. 36-53. ISSN 2222-6990 https://hrmars.com/papers/detail/IJARBSS/7277 |
| spellingShingle | HB522-715 Income. Factor shares Azman, Nik Hadiyan Nik Zabri, Mohd Zaidi Md Masron, Tajul Ariffin Malim, Nurhafiza Abdul Kader The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs in Malaysia |
| title | The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs
in Malaysia |
| title_full | The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs
in Malaysia |
| title_fullStr | The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs
in Malaysia |
| title_full_unstemmed | The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs
in Malaysia |
| title_short | The Adoption of Ar-Rahnu and Financial Wellbeing of Microentrepreneurs
in Malaysia |
| title_sort | adoption of ar rahnu and financial wellbeing of microentrepreneurs in malaysia |
| topic | HB522-715 Income. Factor shares |
| url | http://eprints.usm.my/47020/1/The_Adoption_of_Ar-Rahnu_and_Financial_Wellbeing_of_Micro-entrepreneurs_in_Malaysia.pdf |
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