Modeling Financial Inclusion in the Ar-Rahn’s Financing as Imperatives for Economic Well-Being in Malaysia

Razak, Azila Abdul; Muhammad, Fidlizan; Hussin, Mohd Yahya Mohd; Mahjom, Nurhanie; Hadi, Fatimah Salwa Abd.; Zainol, Zuraidah

doi:10.6007/ijarbss/v9-i1/5784

“…Why has it become one of the oldest industries in this circumstance? The original purpose of founding a pawnshop was to help friends or people in poverty [15,16]. The industry gradually developed over time; it plays the role of a financial service provider to people excluded by the mainstream financial organizations or people from low-to moderate-income families [17,18].…”

Section: Introductionmentioning

confidence: 99%

Key Sustainable Factors of the Pawnbroking Industry: An Empirical Study in Taiwan

Hung

¹

,

Lin

²

2022

Sustainability

1

0

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Numerous studies regarding the pawnbroking industry have examined Western or Islamic pawnbroking, but it is difficult to find studies concerning the pawnbrokers themselves or the Taiwanese pawnbroking industry. The current study was conducted to identify the factors of corporate sustainability (CS) in the Taiwanese pawnbroking industry. Questionnaires were completed by experts having more than 20 years of experience in the industry, resulting in a total of five dimensions and 16 factors. Samples were collected from pawnbrokers from different cities in Taiwan. Data were pair-wise compared and analyzed using the Analytic Hierarchy Process (AHP). The results indicate that customer satisfaction is the most significant dimension; capital management also plays a critical role. This study provides a basis for researchers to undertake subsequent studies with more data and suggests that the government should implement proper regulations.

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Impact of Financial Inclusion on Poverty Through Islamic Microfinance in Mauritania

Maouloud

¹

,

Kassim

²

,

Othman

³

2022

Research Anthology on Microfinance Services and Roles in Social Progress

0

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Poverty is a severe problem, particularly in third world countries. Since reducing poverty is the first goal of Sustainable Development Goals of the United Nations, it is the concern of numerous organizations and governments. This chapter is a conceptual paper that discusses the effectiveness of microfinance in eradicating poverty. The main purpose of this chapter is to present the current situation of poverty in Mauritania and the prospect to alleviate it through Islamic microfinance and financial inclusion. It also attempts to propose new suggestions for the Mauritanian government to alleviate poverty and increase people's wellbeing. It has been concluded that Islamic microfinance can reduce poverty in Mauritania. Thus, this research recommends policymakers and managers of Islamic microfinance to enhance the outreach of microfinance institutions to reach a large segment of vulnerable people. This study is among the pioneers in the field of Islamic microfinance in Mauritania, so it fills up this gap in the literature and adds new theoretical discussion to the topic worldwide.

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Impact of Financial Inclusion on Poverty Through Islamic Microfinance in Mauritania

Maouloud

¹

,

Kassim

²

,

Othman

³

2021

Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis

0

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Poverty is a severe problem, particularly in third world countries. Since reducing poverty is the first goal of Sustainable Development Goals of the United Nations, it is the concern of numerous organizations and governments. This chapter is a conceptual paper that discusses the effectiveness of microfinance in eradicating poverty. The main purpose of this chapter is to present the current situation of poverty in Mauritania and the prospect to alleviate it through Islamic microfinance and financial inclusion. It also attempts to propose new suggestions for the Mauritanian government to alleviate poverty and increase people's wellbeing. It has been concluded that Islamic microfinance can reduce poverty in Mauritania. Thus, this research recommends policymakers and managers of Islamic microfinance to enhance the outreach of microfinance institutions to reach a large segment of vulnerable people. This study is among the pioneers in the field of Islamic microfinance in Mauritania, so it fills up this gap in the literature and adds new theoretical discussion to the topic worldwide.

show abstract

Modeling Financial Inclusion in the Ar-Rahn’s Financing as Imperatives for Economic Well-Being in Malaysia

Cited by 3 publications

References 11 publications

Key Sustainable Factors of the Pawnbroking Industry: An Empirical Study in Taiwan

Key Sustainable Factors of the Pawnbroking Industry: An Empirical Study in Taiwan

Impact of Financial Inclusion on Poverty Through Islamic Microfinance in Mauritania

Impact of Financial Inclusion on Poverty Through Islamic Microfinance in Mauritania

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