Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia
Microtakaful schemes have become increasingly crucial for risk management among halal small businesses. However, little is known about which of the schemes offered contribute to halal small business sustainability. Hence, this study intends to ascertain whether microtakaful schemes as risk managemen...
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Online Access: | http://umpir.ump.edu.my/id/eprint/36717/1/Do%20Microtakaful%20Schemes.pdf http://umpir.ump.edu.my/id/eprint/36717/ https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/695 https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/695 |
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my.ump.umpir.367172023-01-31T08:30:39Z http://umpir.ump.edu.my/id/eprint/36717/ Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia Jaiyeoba, Haruna Babatunde Moha Asri, Abdullah Wan Mohd Naziman, Wan Ahmad Fernando, Yudi HF Commerce HF5601 Accounting HG Finance Microtakaful schemes have become increasingly crucial for risk management among halal small businesses. However, little is known about which of the schemes offered contribute to halal small business sustainability. Hence, this study intends to ascertain whether microtakaful schemes as risk management tools contribute to halal small business sustainability. This research adopts a quantitative research design by way of survey methodology to obtain data from halal small business owners and managers in Klang Valley, Malaysia. Additionally, exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation modelling (SEM) were used to uncover which of the microtakaful schemes significantly contribute to halal small business sustainability. The results show that disability and family microtakaful schemes are positively and significantly related to halal small business sustainability. Whereas property and health microtakaful schemes are found to be positively, but insignificantly related to halal small business sustainability. Meanwhile, our findings on property and family microtakaful schemes reveal that more awareness and education should be prioritised by microtakaful operators. IIUM Press 2022-12-31 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/36717/1/Do%20Microtakaful%20Schemes.pdf Jaiyeoba, Haruna Babatunde and Moha Asri, Abdullah and Wan Mohd Naziman, Wan Ahmad and Fernando, Yudi (2022) Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia. Journal of Islamic Finance, 11 (2). pp. 126-137. ISSN 2289-2117 https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/695 https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/695 |
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HF Commerce HF5601 Accounting HG Finance Jaiyeoba, Haruna Babatunde Moha Asri, Abdullah Wan Mohd Naziman, Wan Ahmad Fernando, Yudi Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia |
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Microtakaful schemes have become increasingly crucial for risk management among halal small businesses. However, little is known about which of the schemes offered contribute to halal small business sustainability. Hence, this study intends to ascertain whether microtakaful schemes as risk management tools contribute to halal small business sustainability. This research adopts a quantitative research design by way of survey methodology to obtain data from halal small business owners and managers in Klang Valley, Malaysia. Additionally, exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation modelling (SEM) were used to uncover which of the microtakaful schemes significantly contribute to halal small business sustainability. The results show that disability and family microtakaful schemes are positively and significantly related to halal small business sustainability. Whereas property and health microtakaful schemes are found to be positively, but insignificantly related to halal small business sustainability. Meanwhile, our findings on property and family microtakaful schemes reveal that more awareness and education should be prioritised by microtakaful operators. |
format |
Article |
author |
Jaiyeoba, Haruna Babatunde Moha Asri, Abdullah Wan Mohd Naziman, Wan Ahmad Fernando, Yudi |
author_facet |
Jaiyeoba, Haruna Babatunde Moha Asri, Abdullah Wan Mohd Naziman, Wan Ahmad Fernando, Yudi |
author_sort |
Jaiyeoba, Haruna Babatunde |
title |
Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia |
title_short |
Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia |
title_full |
Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia |
title_fullStr |
Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia |
title_full_unstemmed |
Do Microtakaful Schemes as Risk Management Tools Contribute to Halal Small Business Sustainability? Evidence from Malaysia |
title_sort |
do microtakaful schemes as risk management tools contribute to halal small business sustainability? evidence from malaysia |
publisher |
IIUM Press |
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2022 |
url |
http://umpir.ump.edu.my/id/eprint/36717/1/Do%20Microtakaful%20Schemes.pdf http://umpir.ump.edu.my/id/eprint/36717/ https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/695 https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/695 |
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