Publication:
Can micro-enterprises use tawarruq fardi financing (TFF) for fund raising?
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Randi Swandaru | |
| dc.contributor.author | Aishath Muneeza | |
| dc.contributor.author | Sumaira Siddiky | |
| dc.date.accessioned | 2022-10-28T02:17:27Z | |
| dc.date.available | 2022-10-28T02:17:27Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | Micro-enterprises, like any other business entity, face financing challenges. However, micro-enterprises often cannot access financial institutions as they cannot fulfill the conditions to obtain financing facilities from a formal financial institution. As such, they have to rely on family or friends for financing needs. The most critical challenge faced in this regard to Muslim micro-enterprises is finding out a way in which family and friends could give a financial helping hand without the involvement of riba (interest). At the same time, the person giving the financing can enjoy a profit. This paper aims to propose the tawarruq fardi financing (TFF) model that Islamic micro-enterprises could use to fulfill their financial needs. It becomes a solution when obtaining financing from friends and family or any other third party who could be a private investor who does not want to engage in an equity relationship. This study adopts a qualitative research methodology, combining descriptive and content analysis using the inductive reasoning approach. The paper's outcome shows that the proposed TFF could assist Islamic micro-enterprises in obtaining Shariah-compliant financing without engaging in an equity partnership. It allows them to fulfill their financing needs bearing in mind the interest of both parties involved in the transaction. | en_US |
| dc.goals | Goal 1 | |
| dc.identifier.citation | Siddiky, S., Swandaru, R., & Muneeza, A. (2024). Can micro-enterprises use tawarruq fardi financing (TFF) for fund raising? PSU Research Review, 8(2). 540-552. https://doi.org/10.1108/PRR-08-2021-0047 | en_US |
| dc.identifier.doi | https://doi.org/10.1108/PRR-08-2021-0047 | |
| dc.identifier.issn | 2399-1747 | |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/3662 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | Emerald Publishing Limited | en_US |
| dc.rights | 2022. Prince Sultan University | |
| dc.source | SEDONA | |
| dc.subject | Islamic finance | en_US |
| dc.subject | Islamic microfinance | en_US |
| dc.subject | New model | en_US |
| dc.subject | Tawarruq | en_US |
| dc.title | Can micro-enterprises use tawarruq fardi financing (TFF) for fund raising? | en_US |
| dc.type | Journal Article | en_US |
| dlc.maintopic | Islamic microfinance | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.goal | Goal 1 | |
| ikr.topic.maintopic | Islamic microfinance | en_US |
| relation.isAuthorOfPublication | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
| relation.isAuthorOfPublication | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
| relation.isAuthorOfPublication.latestForDiscovery | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
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