Abu Hassan, Mohamad Hanif and Muhamad, Azim Izzuddin and Shari, Wahidah and Zakaria, Muhammad Fadzly (2024) Developing A Benevolent Loan Model to Empower Asnaf Entrepreneurs. International Journal of Academic Research in Business and Social Sciences, 14 (3). pp. 767-777. ISSN 2222-6990

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Abstract

Assisting asnaf entrepreneurs is an agenda that is in line with the government's policy to empower the micro sector, which is one of the solutions to poverty and unemployment issues, especially for those in rural areas. In line with the Zakat slogan to create entrepreneurs “from zakat recipients to zakat payers”, this study aims to provide solutions to zakat entrepreneurs to help them develop their existing businesses. This study focuses on injecting business capital into asnaf entrepreneurs using Islamic banking contracts, which are not profit-oriented but provide the best solution in assisting zakat distribution and collection. As we are aware, loans and business assistance in the market are less helpful to small-scale entrepreneurs, especially with financial agencies imposing high interest rates or profits, burdening entrepreneurs and making it difficult to obtain assistance. Through a mixed method of "qualitative and quantitative," this study will be able to identify the needs of entrepreneurs and also obtain feedback related to the proposed capital injection model. In addition, the feedback from asnaf entrepreneurs will be verified by zakat officials and financial agencies to see the relevance and best way to implement the proposed model. This study is expected to provide the best solutions to asnaf entrepreneurs in developing their businesses, and at the same time, the model is hoped to help distribute zakat aid and generate zakat collection. It is hoped that the slogan "from zakat recipients to zakat payers" can be realized to some extent with the findings of this study

Item Type:	Article
Uncontrolled Keywords:	Zakat, Benevolent Loans, Al-Qard, Entrepreneurial Development
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc
Divisions:	College of Business
Depositing User:	Mr. Izhar Hj. Hashim
Date Deposited:	01 Mar 2026 04:54
Last Modified:	01 Mar 2026 04:54
URI:	https://repo.uum.edu.my/id/eprint/32723

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