The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor

Islamic Microfinance Program (IMP) through the utilization of zakat fund has been a significant source of capital for entrepreneurship activities among the poor Muslim’s families in Malaysia. Starting from the New Economic Plan (NEP) in 1971, the Malaysian Government has realized the importance of...

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Main Authors: Hamdan, Hamdino, Othman, Pazim @ Fadzim, Ahmad, Khaliq
Format: Proceeding Paper
Language:English
Published: 2013
Subjects:
Online Access:http://irep.iium.edu.my/75981/
http://irep.iium.edu.my/75981/1/ICOIS%202013.pdf
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author Hamdan, Hamdino
Othman, Pazim @ Fadzim
Ahmad, Khaliq
author_facet Hamdan, Hamdino
Othman, Pazim @ Fadzim
Ahmad, Khaliq
author_sort Hamdan, Hamdino
building IIUM Repository
collection Online Access
description Islamic Microfinance Program (IMP) through the utilization of zakat fund has been a significant source of capital for entrepreneurship activities among the poor Muslim’s families in Malaysia. Starting from the New Economic Plan (NEP) in 1971, the Malaysian Government has realized the importance of IMP in supporting the microenterprises activities for the purpose of poverty alleviation strategy. ‘Asnaf Entrepreneurs Development Programme’ (AEDP) conducted by Lembaga Zakat Selangor (LZS) is among the pioneers and most established IMPs being introduced in the country. However, there may be doubts whether this programme has achieved its objective of increasing the socio-economic level of the poor. Therefore, the focus of this study is to evaluate the implementation effectiveness of AEDP in increasing the participants’ income for the purpose of poverty alleviation through entrepreneurial concept by conducting microenterprise. The results show that the programme’s processes and procedures, officer’s qualifications, attitudes and experiences affected the participants’ business revenues.
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format Proceeding Paper
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institution International Islamic University Malaysia
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language English
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publishDate 2013
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spelling iium-759812019-11-29T06:09:48Z http://irep.iium.edu.my/75981/ The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor Hamdan, Hamdino Othman, Pazim @ Fadzim Ahmad, Khaliq HB846 Welfare theory HG3368 Islamic Banking and Finance Islamic Microfinance Program (IMP) through the utilization of zakat fund has been a significant source of capital for entrepreneurship activities among the poor Muslim’s families in Malaysia. Starting from the New Economic Plan (NEP) in 1971, the Malaysian Government has realized the importance of IMP in supporting the microenterprises activities for the purpose of poverty alleviation strategy. ‘Asnaf Entrepreneurs Development Programme’ (AEDP) conducted by Lembaga Zakat Selangor (LZS) is among the pioneers and most established IMPs being introduced in the country. However, there may be doubts whether this programme has achieved its objective of increasing the socio-economic level of the poor. Therefore, the focus of this study is to evaluate the implementation effectiveness of AEDP in increasing the participants’ income for the purpose of poverty alleviation through entrepreneurial concept by conducting microenterprise. The results show that the programme’s processes and procedures, officer’s qualifications, attitudes and experiences affected the participants’ business revenues. 2013-04-03 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/75981/1/ICOIS%202013.pdf Hamdan, Hamdino and Othman, Pazim @ Fadzim and Ahmad, Khaliq (2013) The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor. In: 1st International Conference on Innovation and Sustainability (ICOIS) 2013, 3rd-4th April 2013, Sunway Resort Hotel & Spa Kuala Lumpur. (Unpublished)
spellingShingle HB846 Welfare theory
HG3368 Islamic Banking and Finance
Hamdan, Hamdino
Othman, Pazim @ Fadzim
Ahmad, Khaliq
The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor
title The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor
title_full The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor
title_fullStr The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor
title_full_unstemmed The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor
title_short The importance of zakat funds for poverty alleviation through ‘Asnaf Entrepreneurship Development Programme in Selangor
title_sort importance of zakat funds for poverty alleviation through ‘asnaf entrepreneurship development programme in selangor
topic HB846 Welfare theory
HG3368 Islamic Banking and Finance
url http://irep.iium.edu.my/75981/
http://irep.iium.edu.my/75981/1/ICOIS%202013.pdf