The Role of Ar-Rahnu as an Alternative in Reviving Micro-Enterprises Through Pandemic Crisis

Hilaluddin, Nusaibah; Abdullah, Azwan; Osman, Adibah Alawiah

doi:10.1007/978-3-031-08087-6_29

Cited by 3 publications

(1 citation statement)

References 26 publications

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“…Besides, Rahn facilitates financial inclusion and other Sharia financial instruments, such as zakat (Salleh, 2015). Rahn is also one of the sources of funding during the COVID-19 pandemic (Hilaluddin et al, 2022).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

What Drives Rahn Adoption?

Firmansyah,

Pratama,

Abror

et al. 2023

J. Theor. Appl. Manage.

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Objective: Sharia pawning, or Rahn, is one of the Islamic financial products adopted by society to solve cash needs and have assets as collateral. Adoption of this product is limited in scholarly work. This study examines the effects of religiosity, service quality, and location on adopting Islamic (Sharia) pawning services. Design/Methods/Approach: A self-administered questionnaire was distributed to 200 Islamic bank customers. Both offline and online questionnaires were employed for data collection. SPSS 22 and SmartPLS 4.0 software were used to perform comprehensive data synthesis, confirmatory factor analysis, and rigorous hypothesis testing, fostering a data-driven approach to ensure the integrity and validity of this research. Findings: The results show that only religiosity has a significant relationship with Rahn adoption. Location and service quality do not drive customers to use Rahn products. These results indicate the significant role of religious values in Rahn adoption. Originality/value: This study contributes to the limited Islamic marketing literature on Rahn or Sharia pawnshops, primarily on the determinant of this financing adoption using the Indonesian context. Practical/policy implications: Islamic pawnshops must emphasize Sharia compliance in the Rahn product provision because customers, primarily those in relatively religious regions, highly consider this aspect when using the pawnshop service.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

What Drives Rahn Adoption?

Firmansyah,

Pratama,

Abror

et al. 2023

J. Theor. Appl. Manage.

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Financial Planning Literacy Among Retirees: Issues and Challenges

Abdullah,

Salleh,

Zakaria

et al. 2023

Contributions to Management Science

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Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach

Bakoben

2024

Int. j. adv. appl. sci.

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The main goal of this paper is to explore how the Ar-Rahn contract can be utilized by banks in Saudi Arabia to finance women's business ventures, thereby fostering women's empowerment. This study employs a dual approach: desktop and primary data analysis. Initially, a desktop approach is used to analyze the Ar-Rahn product by reviewing existing literature and examining its implementation in Saudi Arabia. Additionally, we use primary data analysis to enhance the robustness of our findings. The results suggest that Ar-Rahn is a promising tool for empowering women and encouraging entrepreneurship in Saudi Arabia. This analysis provides valuable insights for banks and financial institutions in Saudi Arabia to develop Shariah-compliant financing products tailored for women entrepreneurs, which could also benefit marginalized communities.

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The Role of Ar-Rahnu as an Alternative in Reviving Micro-Enterprises Through Pandemic Crisis

Cited by 3 publications

References 26 publications

What Drives Rahn Adoption?

What Drives Rahn Adoption?

Financial Planning Literacy Among Retirees: Issues and Challenges

Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach

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