The Behavioral Intention of Micro Enterprises to Use the Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) Model as a Source of Financing

  • Mohamed Asmy Mohd Thas Thaker International Islamic University Malaysia
  • Mustafa Omar Mohammed International Islamic University Malaysia
  • Jarita Duasa International Islamic University Malaysia
  • Moha Asri Abdullah International Islamic University Malaysia
Keywords: Micro Enterprises, Behavioral Intention, Investment

Abstract

This study is designed to examine the behavioural intention of micro enterprises to use the Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) model as a source of financing in Malaysia. The primary data are collected from the survey administered to micro entrepreneurs in the Klang Valley and the analysis is conducted using Structural Equation Modeling (SEM). Furthermore, the model has validated its acceptance in the field by adopting the Theory of Reasoned Action (TRA). This study has revealed that both the attitude and subjective norms are found to have a positive impact on the intention of micro entrepreneurs to use the ICWME-I Model in the context of Malaysia.

Author Biographies

Mohamed Asmy Mohd Thas Thaker, International Islamic University Malaysia

He is a research fellow at Centre of Islamic Economics, IIUM and Malaysian Economic Association. Upon completion his Ph.D., he joined International Islamic University Malaysia (IIUM) as a Assistant Professor in October 2014. He obtained Ph.D. (2015) and Master of Economics (2009) in economics from IIUM. He is majoring in economic development, SMEs, islamic economics, waqf, zakat and islamic banking & finance. He has presented several papers at international and local conferences. Some of the papers have won Distinguished and Best Paper awards. Recently, his thesis also won Bronze award at international exhibition.

Mustafa Omar Mohammed, International Islamic University Malaysia

He is an Associate Professor at the Department of Economics, International Islamic University Malaysia [IIUM] where he has been teaching for more than 15 years now. He holds a Bachelor and Master degrees in Economics from IIUM, and Ph.D. in Finance from Universiti Sains Malaysia. He has published more than 40 refereed journal articles and presented more than 75 papers, mostly at international conferences. He is actively involved in funded and commissioned research projects. His present research areas of interest are in Waqf, Zakat, Islamic Microfinance and Maqasid al-Shari’ah. He has supervised more than 45 dissertations at Ph.D. and Master levels. He is also a journal editorial member and reviewer panel to 11 academic entities. He has received several quality awards for teaching and research. He was part of a committee responsible for setting up the Institute of Islamic Banking and Finance and recently, the Department of Islamic Finance at IIUM. He also has long experience in translations, Arabic and English. He undertook projects for several organizations, including MIFC, IBFIM, AIBIM, IFSB - affiliates of the Central Bank of Malaysia. He offers consultancy and has conducted several training on Islamic economics, banking and finance in several countries including Kazakhstan, Singapore, Sri Lanka, Bangladesh, Philippines, Indonesia, South Africa and Uganda.

Jarita Duasa, International Islamic University Malaysia

She is a Professor of Economics at the Department of Economics, Faculty of Economics and Management Sciences, International Islamic University Malaysia. She obtained her Ph.D. (2005) from University of Sheffield, U.K. Her research niche areas are International Economics, International Finance, Economic Development, Environmental Economics and Applied Economics. She is actively involves in research and she won several awards in research at faculty, university and national levels. Her work is made possible by her receipt of support in the form of grants from various agencies and organizations nationally and internationally. These include grants from the Malaysian Institute of Integrity (IIM), International Centre for Education in Islamic Finance (INCIEF), Permodalan Nasional Berhad (PNB), FRGS, ERGS and East Asia Development Network (EADN). She has published numbers of publications in cited refereed journals, books and chapters in books and presented over 40 papers at national and international conferences.

Moha Asri Abdullah, International Islamic University Malaysia

He is Professor at the Faculty of Economics and Management Sciences, International Islamic University of Malaysia, Kuala Lumpur; and a former Director, Inovation and Commercialisation Office at the university, and a former Visiting Research Scholars of Economic Research Centre, School of Economics, Nagoya University, AUT and Massey University. He earned his Ph.D. in Development Economics from University of London, his Master Degree in Business from University of Ballarat, and his M.A. in Development Studies from University of Essex. His specialization is on small enterprises, venture capital and economic development. He has conducted more than 25 research projects from different funding. So far he has published more than 16 books, more than 40 papers in renowned journals and presented a number of papers in the international conferences/forums. His recent books include; Asian Small and Medium Enterprises: Challenges in the 21st Century (editor) and Small and Medium Enterprises in the Information Age: Asian Perspectives (editor), Small and Medium Enterprises in Asian Pacific Countries, Small and Medium Enterprises in Malaysia, Management of Small Business, and Succession Planning in SMEs.

References

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Published
2016-08-09
How to Cite
Thaker, M. A. M. T., Mohammed, M. O., Duasa, J., & Abdullah, M. A. (2016). The Behavioral Intention of Micro Enterprises to Use the Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) Model as a Source of Financing. Gadjah Mada International Journal of Business, 18(2), 111-130. Retrieved from https://dev.journal.ugm.ac.id/v3/gamaijb/article/view/15548
Issue
Vol 18 No 2 (2016): May-August
Section
Articles

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