What is it about?
This paper aims to attempt to offer a viable alternative model of source of financing which is known as integrated cash waqf micro enterprises investment (ICWME-I) model for micro enterprises in Malaysia.
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Why is it important?
This paper will provide micro enterprises with an alternative source of financing to start-up or expand their business by using cash waqf fund. The present study also has implications for government and policy makers. With the involvement of non-profit organization that is proposed in this model, it helps the Government to reduce its expenses for the development of micro enterprises
Perspectives
This paper offers an additional literature on cash waqf especially from the Malaysian context. Furthermore, this paper adds to the literature on waqf and cash waqf. The paper proposes a viable alternative model for micro-enterprises as a source of financing by using cash waqf fund. This model incorporates Musharakah Mutanaqisah (diminishing partnership) as a financial arrangement between non-profit organization and micro enterprises.
DR MOHAMED ASMY BIN MOHD THAS THAKER
International Islamic University Malaysia
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This page is a summary of: Developing cash waqf model as an alternative source of financing for micro enterprises in Malaysia, Journal of Islamic Accounting and Business Research, September 2016, Emerald,
DOI: 10.1108/jiabr-09-2014-0029.
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