Modelling SMEs’ behavioral intention to adopt Islamic Crowdfunding-Small and Medium Enterprises Model (ICSMES) model as a source of financing in Malaysia

The present study has proposed Islamic Crowdfunding-Small and Medium Enterprises (ICSMEs) model to assist SMEs in meeting their need to access external financial services in Malaysia. Upon the proposed model, this study examines the behavioural intention of SMEs to use ICSMEs model. The primary data are collected from the survey administered to SMEs in the Klang Valley (n=250) and the analysis is conducted using Partial Least Squares (SmartPLS). Furthermore, the model has been validated its acceptance in the field by adopting the Technology Acceptance Model (TAM). This study has revealed that both the perceived usefulness and perceived easy to use are found to have a positive impact on the intention of SMEs to use ICSMEs model, which later assist them to access to financial services in Malaysia. Furthermore, perceived easy to use has a positive relationship and direct effect with perceived usefulness of SMEs to use the ICSMEs model. The findings of this study can be used to develop a specific framework in which to examine other components of using the ICSMEs model’s behavior and to plan appropriate intervention strategies to increase financial accessibility by SMEs

Proposed integrated cash waqf investment model for micro enterprises in Malaysia: An empirical analysis

Micro Enterprises (MEs) in Malaysia becomes as an important engine for economic growth. Despite its importance and the continuous support from the government, MEs in Malaysia are facing some problems. Several earlier studies stated that Malaysian MEs face the problem of accessing finance due to many factors. Malaysian government has introduced and continued to assist Small and Medium Enterprises (SMEs) through the implementation of several policies, programmes and extensive financial resources allocations to enhance the activities of SMEs. However, these efforts have not been adequate to meet the needs of micro enterprises. The objectives of this study are: 1. To discuss the extent of the problems of (i) financing, (ii) human capital (iii) market accessibility (iv) innovation and technology adoption, and (v) infrastructure development faced by MEs in Malaysia. 2. To develop an alternative model that is available for effectively addressing the problems mentioned in (1) and 3. To analyze the probability that MEs will adopt the proposed model (cash waqf investment model). In methodology, primary data are collected using self-developed questionnaire (survey) This study focuses on MEs in Klang Valley (Selangor and Kuala Lumpur) since it records the highest number of such enterprises in the area. The analysis is conducted using statistical analysis and Logistic Regression analysis. The study finds that high probability of MEs opting for the proposed Integrated Cash Waqf model for their business financing is contributed by the high business annual turnovers, older entrepreneurs, those who have more awareness on cash waqf and those who have experienced applying loan recentl

Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis

Micro Enterprises (MEs) in Malaysia becomes as an important engine for economic growth. Despite its importance and the continuous support from the government, MEs in Malaysia are facing some problems. Several earlier studies stated that Malaysian MEs face the problem of accessing finance due to many factors. Malaysian government has introduced and continued to assist Small and Medium Enterprises (SMEs) through the implementation of several policies, programmes and extensive financial resources allocations to enhance the activities of SMEs. However, these efforts have not been adequate to meet the needs of micro enterprises. The objectives of this study are: 1. To discuss the extent of the problems of (i) financing, (ii) human capital (iii) market accessibility (iv) innovation and technology adoption, and (v) infrastructure development faced by MEs in Malaysia. 2. To develop an alternative model that is available for effectively addressing the problems mentioned in (1) and 3. To analyze the probability that MEs will adopt the proposed model (cash waqf investment model). In methodology, primary data are collected using self-developed questionnaire (survey) This study focuses on MEs in Klang Valley (Selangor and Kuala Lumpur) since it records the highest number of such enterprises in the area. The analysis is conducted using statistical analysis and Logistic Regression analysis. The study finds that high probability of MEs opting for the proposed Integrated Cash Waqf model for their business financing is contributed by the high business annual turnovers, older entrepreneurs, those who have more awareness on cash waqf and those who have experienced applying loan recently

Public relation activities in Islamic banking industry: an approach of circuit of culture (COC) model

Purpose – This paper has adopted Circuit of Culture (COC) model as theoretical framework to examine the role of religion in influencing the public relations activity of Islamic banking institutions in Malaysia. Design/methodology/approach – A narrative analysis is used in this study. This analysis is basically involved the application of symbolic interactionist tenets to respective websites and relevant documents of Islamic banks in Malaysia. Findings – The paper has identified six Islamic value orientations elements, especially respect for religious authority, affinity with the past, fatalism, communal kinship, attachment to the eternal life and spirituality and idealism relative to public relations practice among the Islamic banks in Malaysia. The study finds that the respective banks are embedded with Islamic values in their communication tools that reflecting public relations activity. Research limitations/implications – The theme of value orientations that have been generated and used in this study are constantly in flux. There are some other orientations that might be affecting the cultural value of public relations activities of Islamic banking in Malaysia. Furthermore, these value orientations are less effective in identifying dominating cultural factors that can be amended with situational flexibility since the current study focuses on Malaysian context. Future research is required by incorporating a quantitative means of testing and measuring the effectiveness of website by using cultural- economic model for building Practical implications – The study suggests that public relations researchers should not ignore the vital relationship between religion and public relations activity. The findings of this paper provide Islamic banking institutions to improve and enhance their public relations activity. Originality/value – This paper offers an additional literature related to public relations activity by employing Cultural-Economic model. While previous studies have focused on product, brand matters and organisation behavior to define cultural and public relation, very little research has been focused on the role of religion in determining public relations activity and cultural pattern. Indeed, no any study have been focused explicitly on public relations activity of Islamic banks in Malaysia using Circuit of Culture (COC