Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak
The implementation of ar-rahnuscheme which aims to assist the poor and enhance Islamic banking institution in Malaysia, since 1993 has proven to be able to provide immediate micro financing services to those with financial difficulties. Nevertheless, after two decades in operation, it is found tha...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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TEXTROAD Publishing Corporation
2017
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| Online Access: | http://irep.iium.edu.my/61023/ http://irep.iium.edu.my/61023/2/J.%20Appl.%20Environ.%20Biol.%20Sci.%2C%207%288%29110-117%2C%202017.pdf |
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| author | Fathil, Fathiah Yaacob, Mazlah Khalid, Nurul Khairiah Fathil, Fauziah |
| author_facet | Fathil, Fathiah Yaacob, Mazlah Khalid, Nurul Khairiah Fathil, Fauziah |
| author_sort | Fathil, Fathiah |
| building | IIUM Repository |
| collection | Online Access |
| description | The implementation of ar-rahnuscheme which aims to assist the poor and enhance Islamic banking institution
in Malaysia, since 1993 has proven to be able to provide immediate micro financing services to those with
financial difficulties. Nevertheless, after two decades in operation, it is found that the involvement of
members of Malaysian society in the scheme is still relatively low where the participants are mainly those of
low income and the poor. The unique scheme which is not driven by profit-making and free of riba (usury)
elements should be expanded to benefit all people and not confined to certain groups only. Hence, this study
is conducted to identify the level of knowledge among general public about the ar-rahnu system and the level
of acceptance among the masses of the scheme as a means to solve financial problems. It is hoped that the
study which focuses on ar-rahnu institution of YaPEIM can be used as a guideline by relevant agencies or
parties to ensure greater involvement of members of the society in the scheme, thus further augment the
position of ar-rahnu institution in mainstream Islamic banking system in Malaysia. |
| first_indexed | 2025-11-14T16:55:39Z |
| format | Article |
| id | iium-61023 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:55:39Z |
| publishDate | 2017 |
| publisher | TEXTROAD Publishing Corporation |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-610232018-03-28T07:23:28Z http://irep.iium.edu.my/61023/ Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak Fathil, Fathiah Yaacob, Mazlah Khalid, Nurul Khairiah Fathil, Fauziah BP190.5 Islamization of Knowledge HJ Public Finance The implementation of ar-rahnuscheme which aims to assist the poor and enhance Islamic banking institution in Malaysia, since 1993 has proven to be able to provide immediate micro financing services to those with financial difficulties. Nevertheless, after two decades in operation, it is found that the involvement of members of Malaysian society in the scheme is still relatively low where the participants are mainly those of low income and the poor. The unique scheme which is not driven by profit-making and free of riba (usury) elements should be expanded to benefit all people and not confined to certain groups only. Hence, this study is conducted to identify the level of knowledge among general public about the ar-rahnu system and the level of acceptance among the masses of the scheme as a means to solve financial problems. It is hoped that the study which focuses on ar-rahnu institution of YaPEIM can be used as a guideline by relevant agencies or parties to ensure greater involvement of members of the society in the scheme, thus further augment the position of ar-rahnu institution in mainstream Islamic banking system in Malaysia. TEXTROAD Publishing Corporation 2017-08 Article PeerReviewed application/pdf en http://irep.iium.edu.my/61023/2/J.%20Appl.%20Environ.%20Biol.%20Sci.%2C%207%288%29110-117%2C%202017.pdf Fathil, Fathiah and Yaacob, Mazlah and Khalid, Nurul Khairiah and Fathil, Fauziah (2017) Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak. Journal of Applied Environmental and Biological Sciences (JAEBS), 7 (8). pp. 110-117. ISSN 2090-4274 https://www.textroad.com/pdf/JAEBS/J.%20Appl.%20Environ.%20Biol.%20Sci.,%207(8)110-117,%202017.pdf |
| spellingShingle | BP190.5 Islamization of Knowledge HJ Public Finance Fathil, Fathiah Yaacob, Mazlah Khalid, Nurul Khairiah Fathil, Fauziah Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak |
| title | Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak |
| title_full | Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak |
| title_fullStr | Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak |
| title_full_unstemmed | Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak |
| title_short | Ar-Rahnu scheme as flexible micro financing mechanism for society: Case study on YAPEIM Ar-Rahnu in State of Perak |
| title_sort | ar-rahnu scheme as flexible micro financing mechanism for society: case study on yapeim ar-rahnu in state of perak |
| topic | BP190.5 Islamization of Knowledge HJ Public Finance |
| url | http://irep.iium.edu.my/61023/ http://irep.iium.edu.my/61023/ http://irep.iium.edu.my/61023/2/J.%20Appl.%20Environ.%20Biol.%20Sci.%2C%207%288%29110-117%2C%202017.pdf |