Abdul Rahman, Rashidah and Muhammad, Aliyu Dahiru and Ahmed, Selim and Amin, Fouad,(2016), Micro-entrepreneurs’ intention to use Islamic micro-investment model (IMIM) in Bangladesh. , Humanomics, UNSPECIFIED
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Abstract
Purpose – The aim of this paper is to propose and verify a structured model for Islamic micro-finance
in Bangladesh. The Islamic micro-investment model (IMIM) aims to harness the role of the Waqf/
philanthropic sector to empower micro-entrepreneurs.
Design/methodology/approach – The researchers use the survey technique to investigate the
micro-entrepreneurs’ intention to adopt the model.Atotal of 400 questionnaires are distributed with 207
responses being returned (51.75 per cent). In this study, a structural model is tested to examine the
relationship of the behavioural intention to adopt Islamic micro-investment with the attitude towards
behaviour, subjective norm, normative belief and behavioural belief.
Findings – The findings of the research show that, overall, the model fits the data and can be used to
advance Islamic micro-finance in Bangladesh. However, out of the four hypotheses tested, only two are
accepted vis-a`-vis the influence of behavioural belief and normative belief on attitude and subjective norm,
respectively.
Research limitations/implications – The research suggests the need for an awareness programme
on Islamic micro-finance and the role of Waqf in the economic empowerment of the populace.
Practical implications – The IMIM aims to harness the role of the Waqf/philanthropic sector to
empower micro-entrepreneurs.
Social implications – The model of Islamic micro-finance may empower poor micro-entrepreneurs
and harnesses the potential of Waqf for socio-economic development, thereby, among others, reducing
the cost of capital.
Originality/value – Only a few studies have been conducted on micro-finance from an Islamic
perspective in Bangladesh. The IMIM, which has been developed by Muhammad (2012) and tested in
Nigeria, is the first to be validated through an empirical study in Bangladesh. Thus, testing the viability of
IMIM in the Bangladesh context will certainly add value for the clients, institutions and policymakers in
Islamic micro-finance.
Keywords : | Bangladesh, Poverty, Islamic micro-investment model, Micro-entrepreneurs, UNSPECIFIED |
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Journal or Publication Title: | Humanomics |
Volume: | 32 |
Number: | 2 |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Users 15 not found. |
Date Deposited: | 27 Dec 2019 04:28 |
Last Modified: | 27 Dec 2019 04:28 |
URI: | https://repofeb.undip.ac.id/id/eprint/1033 |