Enhancing access to finance amongst asnaf micro entrepreneurs: how can Islamic FinTech in zakat institutions play a role?

• Main Authors: Jauhari, Farah Farhana, Mohd Yusoff, Syarah Syahira, Kassim, Salina
• Format: Book Chapter
• Language: English; English
• Published: Springer 2023
• Subjects: BPH531 Zakat; BPH72 Economic development. Growth. Sustainable development. Sustainability; BPH741 Waqf; BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development; KBP Islamic Law
• Online Access: http://irep.iium.edu.my/108271/1/108271_Enhancing%20access%20to%20finance.pdf; http://irep.iium.edu.my/108271/2/108271_Enhancing%20access%20to%20finance_SCOPUS.pdf; http://irep.iium.edu.my/108271/; https://link.springer.com/chapter/10.1007/978-3-031-27860-0_31

While the ideal case is that micro entrepreneurs should gain easy access to finance as they require more financial supports, traditional financial institutions often reject their financing applications due to the high risk associated with this segment. Thus, an alternative channel to enable micro en...