Journal Screenshot

International Journal of Academic Research in Business and Social Sciences

Open Access Journal

ISSN: 2222-6990

The Implementation of Islamic Trade Financing Product by Islamic Banking Institutions towards Muslim Halal Entrepreneurs (MHE) in Malaysia

Mohd Daud Awang, Norsazali Abdullah, Hisham Yahya, Amini Amir Abdullah, Kamarulzaman Ismail, Mohd Kamal Azman Jusoh

http://dx.doi.org/10.6007/IJARBSS/v13-i16/18734

Open access

This paper is prepared to observe the implementation of Islamic trade financing products for Muslim Halal entrepreneurs (MHEs) who have obtained trade financing from Islamic banking institutions in Malaysia. Islamic banking institutions play an important role in developing Muslim Halal businesses and entrepreneurship and Halal entrepreneur economies. This study used qualitative research and in-depth views based on objectives. Interviews were conducted on respondents from bank officers of Islamic banking institutions and analysed the themes as identified by the researchers. The findings of this study show that Islamic banking institutions have successfully their extensive role in helping MHEs in Malaysia. There are two characteristics of roles of Islamic banking institutions in helping MHEs such as the monitoring system and training assistance for MHEs. It also suggested that MHEs need to master the culture of high-quality entrepreneurs such as efficient, systematic, and competitive financial management skills. Finally, both parties; Islamic banking institutions and Muslim entrepreneurs must fulfil their responsibilities accordingly.

A. Ab. Rahman (Eds.), Melangkah ke alam keusahawanan. Utusan Publications. Ali, N. A., & Mahat, F. (2009). Keupayaan institusi pembiayaan industri sederhana, kecil dan mikro dalam melahirkan dan memperkasakan usahawan Muslim halal kecil yang berdaya maju: Ke arah satu pendekatan baru yang lebih berkesan. Kongres Ekonomi Islam ke-3.
Ab. Ghani, A. M. (1999). Sistem kewangan Islam dan pelaksanaannya di Malaysia.
Jabatan Kemajuan Islam Malaysia (JAKIM).
Abdul Taib, R. (2002). Tabung industri kecil dan sederhana (IKS): Pelaksanaannya di BIMB [Unpublished]. Akademi Pengajian Islam Universiti Malaya.
Awang, I. (2009). Penyelidikan ilmiah: Amalan dalam pengajian Islam. Selangor Kamil & Shakir.
Bakar, H., Mahmood, R., & Bidin, A. (2002). Pembiayaan bank kepada usahawan-usahawan Muslim Halal wanita di Malaysia. Persidangan Nasional Isu-isu kewangan IKS. Universiti Utara Malaysia. Islam: Kajian di Bank Muamalat Malaysia Berhad [Unpublished]. Akademi Pengajian Islam Universiti Malaya.
Islamic Finance Development Report 2020.
Japan Bank for International Cooperation (JBIC). (2007). Report on infrastructure financing and bond issuance in Malaysia. https://www.jbic.go.jp/wp
content/uploads/page/2013/08/528/rp34_e.pdf
Koentjaraningrat. (1986). Metode-metode penelitian masyarakat. P.T. Gramedia. Muhd Yusoff, M. (2002). Pembiayaan dagangan muamalat dalam sistem perbankan
Lebar, O. (2012). Penyelidikan kualitatif: Pengenalan kepada teori dan metod (4th edition). Penerbit Universiti Pendidikan Sultan Idris.
Masuduzzaman, M., Akther, M., & Ara, S. (2018). Efficiency of SMEs Financed under Conventional and Islamic Banks: Bangladesh Perspective. Journal of Islamic Economics, Banking and Finance, 14(1), 61–70.
Merriam, S. B. (1998). Qualitative research and case study applications in education. Jossey-Bass
Noor, M. W. N. (2002). Peranan dan implikasi penubuhan Bank Pembangunan dan Infrastruktur Malaysia Berhad (BPIMB) terhadap pembangunan usahawan Muslim Halal Bumiputera [Unpublished]. Akademi Pengajian Islam, Universiti Malaya.
Ozkan, B. C. (2004). Using NVivo to analyze qualitative classroom data on constructivist learning environments. The Qualitative Report, 9(4), 589–603.
PEW Research Center’s Forum on Religion & Public Life – The Future of the Global Muslim Population, January 2011.
Sekaran, U. (2006). Research methods for business: A skill building approach (4th edition). Wiley India Pvt. Limited
Marican, S. (2009). Penyelidikan Sains Sosial: Pendekatan Pragmatik.cet. 2, Selangor: Edusystem Sdn. Bhd.
Shahadan, F., & Berma, M. (2004). Pembiayaan industri kecil di Malaysia. In R. Ismail (Eds.), Industri kecil Malaysia: Isu pembiayaan teknologi dan pemasaran (2nd edition). Penerbit Universiti Kebangsaan Malaysia.

N/A