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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Muhammad Hakimi Mohd Shafiai, Dr. | |
| dc.contributor.author | Abid Ullah (P77304) | |
| dc.date.accessioned | 2023-10-16T06:41:44Z | - |
| dc.date.available | 2023-10-16T06:41:44Z | - |
| dc.date.issued | 2018-02-19 | |
| dc.identifier.other | ukmvital:102169 | |
| dc.identifier.uri | https://ptsldigital.ukm.my/jspui/handle/123456789/514545 | - |
| dc.description | Low-income Malay households are the most vulnerable to financial shocks. The situation is exacerbated by income and wealth inequality. Low purchasing power also contributes to this vulnerability. Nevertheless, the research on factors that contribute to the vulnerability of households to financial shocks along with how to mitigate this financial vulnerability in the long-run remains limited. Furthermore, although the role of waqf in poverty alleviation in Malaysia is well-documented, operational challenges plaguing awqaf institutions have limited their impact on the society. This study provides an alternative waqf mechanism that can reduce financial vulnerability among low-income Malay households in the long-run by identifying the factors that contribute to this vulnerability. The Autoregressive Distributed Lag (ARDL) Model is used to identify the factors. The result shows that income, prices of goods, household debt, interest rate and unemployment rate have a significant impact on financial vulnerability. The second objective is to explore the role of waqf-based crowdfunding in assisting low-income and financially vulnerable Malay households. A case study approach is adopted to explore the operational framework of the Waqf World crowdfunding platform. The results indicate that this platform has the potential to alleviate the financial vulnerability among low-income Malay households by providing microcredit loans. However, at the same time, a number of operational problems are observed in the framework. The internal issues within the operating framework and the external issues affecting the operations are identified. Given that no study has identified the potential Malay funders who will fund the campaigns, the study identifies the specific donors who will be potential funders of the Waqf World crowdfunding platform. For this purpose, a survey is conducted in Selangor based on non-probability sampling. The study finds that the high-income groups and females are the most likely funders. Lastly, modifications are proposed in the operational framework as a solution to the internal and external issues. The study identifies an alternative mechanism of cash waqf which will not only assist the poor but also the low-income financially vulnerable Malay households. This contribution will open the doors for future research to help the current waqf crowdfunding platform in helping the poor and the needy (financially vulnerable low-income households) more efficiently and effectively.,Ph.D. | |
| dc.language.iso | eng | |
| dc.publisher | UKM, Bangi | |
| dc.relation | Institut Islam Hadhari (HADHARI) / Institute of Islam Hadhari | |
| dc.rights | UKM | |
| dc.subject | Waqf -- Malaysia | |
| dc.title | The economic role of cash waqf based crowdfunding in reducing financial vulnerabilities among low income Malay households | |
| dc.type | Theses | |
| dc.format.pages | 262 | |
| dc.identifier.callno | BP170.25.U435 2018 tesis | |
| dc.identifier.barcode | 003553(2018) | |
| Appears in Collections: | Institute of Islam Hadhari / Institut Islam Hadhari (HADHARI) | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ukmvital_102169+SOURCE1+SOURCE1.0.PDF Restricted Access | 1.13 MB | Adobe PDF |  View/Open |
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