Khalequzzaman, Mohammad and Ab Rahman, Asmak and Kamsin, Amirrudin (2023) An aspirational hope of a ShariMODIFIER LETTER LEFT HALF RINGah-based microfinance model to alleviate extreme poverty. International Journal of Islamic and Middle Eastern Finance and Management, 16 (6). pp. 1181-1200. ISSN 1753-8394, DOI https://doi.org/10.1108/IMEFM-03-2022-0116.
Full text not available from this repository.Abstract
PurposeThis study aims to propose a ShariMODIFIER LETTER LEFT HALF RINGah-based and information and communication technology-driven microfinance model (SIMM) to reduce extreme poverty in rural areas. Existing microfinance models run by microfinance institutions exclude severely poor individuals from their activities. Design/methodology/approachThis study uses an exploratory sequential mixed-method design structured as Studies 1 and 2. Study 1 uses the grounded theory methodology to develop the emergent SIMM through interviews and focus group discussions with the participants (12 rich, 6 rural elites and 18 poor) of the target village. Study 2 uses a survey of 421 household members in the target village to evaluate their attitudes (ATT), subjective norms (SN) and perceived behavioural control (PBC) related to SIMM. Partial least squares-based structural equation modelling is used to evaluate relationships between constructs. FindingsStudy 1 identifies seven themes, in which aspirational hope is recognised as a core theme. Study 2 indicates significant relationships between ATT and PBC and between SN and PBC. Thus, the SIMM can alleviate poverty in rural communities. Practical implicationsThe application of the SIMM in the pilot study provides aspirational hope for eradicating extreme poverty. Social implicationsOther rural communities should be encouraged to apply the SIMM to alleviate extreme poverty in their villages. Originality/valueThis study contributes to the development of an innovative microfinance model (SIMM) to eradicate extreme poverty in rural areas.
| Item Type: | Article |
|---|---|
| Funders: | UNSPECIFIED |
| Uncontrolled Keywords: | Microfinance; Sharah; Microfinance model; Poverty alleviation; Mixed-method |
| Subjects: | B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam H Social Sciences > HC Economic History and Conditions Q Science > QA Mathematics > QA75 Electronic computers. Computer science |
| Divisions: | Academy of Islamic Studies > Dept of Syariah & Economics Faculty of Computer Science & Information Technology > Department of Computer System & Technology |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 20 Oct 2025 14:23 |
| Last Modified: | 20 Oct 2025 14:23 |
| URI: | http://eprints.um.edu.my/id/eprint/48210 |
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