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. (Published)
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Abstract
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.
| Item Type: | Article |
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| Uncontrolled Keywords: | Property microtakaful; Health microtakaful; Disability microtakaful; Family microtakaful; Halal small business; Sustainability |
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | PM. Dr. Yudi Fernando |
| Date Deposited: | 31 Jan 2023 08:30 |
| Last Modified: | 31 Jan 2023 08:30 |
| URI: | http://umpir.ump.edu.my/id/eprint/36717 |
| Download Statistic: | View Download Statistics |
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