A qualitative inquiry into cash waqf model as a source of financing for micro enterprises

• Published in: ISRA international journal of Islamic finance Vol. 10; no. 1; pp. 19 - 35
• Main Author: Thakir, Muhammad Asmi Bin Muhad Thas
• Format: Journal Article
• Language: English
• Published: Kuala Lumpur, Malaysia International Shari'ah Research Academy for Islamic Finance 19.06.2018; Emerald Publishing Limited; Emerald Group Publishing Limited
• Subjects: Collateral; Entrepreneurial finance; Equity financing; Financial services; Microfinance; Nonprofit organizations; Prevention programs; Profits; Public awareness; Research methodology; Small & medium sized enterprises-SME; Social responsibility; Malaysia; Micro enterprises; Cash; ICWME-I model; Sustainability; Financing; Thematic analysis
• ISSN: 0128-1976; 2289-4365
• DOI: 10.1108/IJIF-07-2017-0013

Purpose - Tins papa- aims to explore the opinions and reeommaidations of various expats on the integrated cash tvaqf micro enterprise investment (1CWME-I) model, particularly in terms of its suitability, applicabilityandprospects in the market. Design/methodology/approach - The research involves primary data winch are collected from semi- structured into-views conducted with experts from various backgrounds. Tliematic analysis was used to examine thedata. Findings - The experts support the suitability of the 1CWMK-I model in providing financial services to micro enterprises. They highlight the importance of establishing, managing and operating ICWME-I model under the aegis of the State Islamic Religious Council in Malaysia or the corporate sector. Tliey further emphasize tliat thecliaracteristics of micro enterprises, the element of sustainable funding, the importance of proper management and administrat ion, legal matters and public awareness are key factors tliat influence the sustainability of the 1CWME4 model. Originality/value - This paper adds to the literature on uwqf and micro enterprises especially from the Malaysian context. The paper validates the ICWME-I model in terms of its suitability, applicability and prospects in the market by interviewing experts from various backgrounds.