Browsing by Author "Norhaziah Nawai"
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Publication Creating Sustainable Livelihood Opportunities for the B20 Communities through Islamic Microfinance Products and Services(Labuan Faculty of International Finance, Universiti Malaysia Sabah., 2023) ;Norhaziah Nawai ;Nuradli Ridzwan Shah Mohd DaliMahazan Abdul Mutalib @ TaibIt is crucial to establish sustainable livelihoods and distribute wealth in order to ensure inclusion across rural and urban regions as well as between various ethnic groups. Microfinance, as one of the social finance instruments, could help the underprivileged gain access to capital. Islamic microfinance, unlike conventional microfinance, avoids riba and is based on Shariah principles. The government of Malaysia categorises families according to their income, and it utilises this data to create policies targeted at bridging the income gap between the B40 and higher income groups as well as between rural and urban populations. In ensuring that all citizens, particularly B20 communities, have access to Islamic finance, the development of Islamic microfinance products based on profit and loss sharing is critical. Debt-based, interest-free loans and equity-based Islamic microfinance are available. The majority of debt-based instruments are based on tawarruq or commodities murabahah, with qardhul hasan being utilised for interest-free loans. However, equity-based instruments such as musyarakah and mudharabah are not used by any microfinance institutions. Specifically, musharakah mutanaqisah model is seen as a potential product that can be applied in Islamic microfinance. This paper proposes that Islamic microfinance through musharakah mutanaqisah as a viable mechanism for creating sustainable livelihood opportunities, especially for the lower B20 communities. - Some of the metrics are blocked by yourconsent settings
Publication Determinants of Repayment Performance in Microcredit Programs: A Review of Literature(Center for Promoting Ideas (CPI), USA, 2010-11) ;Norhaziah NawaiMohd Noor Mohd ShariffThe aim of microcredit is to help the poor and lower income group to get funds for their business activities and to improve their lives. Usually, the loans given are very small, in short term period, no collateral needed and required weekly repayment. However, repayment problems become the main obstacle for the microcredit institutions to continue providing microcredit services. This is because most of the microcredit institutions are Non- Governmental Organizations (NGOs), where they received funds from the government and donors and there are not profits oriented organizations. Therefore, this paper tries to review the determinants of repayment performances in microcredit programs which can be divided into four factors namely borrower characteristics, firm characteristics, loan characteristics and lender characteristics. - Some of the metrics are blocked by yourconsent settings
Publication Enhancing Graduate Employability in the Malaysian Capital Market(Fakulti Ekonomi dan Muamalat, Universiti Sains Islam Malaysia, 2023) ;Nuradli Ridzwan Shah Mohd Dali ;Wan Rasyidah Wan Nawang ;Hanifah Abdul Hamid ;Hanim Misbah ;Norhaziah Nawai ;Fuadah Johari ;Mohd Nazri Mohd Noor ;Wan Nur Fazni Wan Mohamad NazarieUmi Hamidaton Mohd Soffian LeeHigher education today has expanded and become more complex, where numerous degrees, training programs, and fields of study are offered. Additionally, the dynamic labour market has transformed remarkably, resulting in intense employment among graduates. The notion of graduate employability is becoming an increasingly important global issue. Employers now look for individual factors such as attitude, behaviours, and skills. Therefore, universities have gradually moved their focus on enhancing graduate employability. This paper examines how far the graduate employability program has achieved its target. The program involved 93 graduates of 2021 and 2022 from various local public universities taking the SCLE Modules 6 and 7 professional exams. The participants were required to attend a course and take an examination in this program. Sitting the Module 6 and 7 exams will enable the participants to get the professional license as Capital Market Service Representative License (CMSRL) through capital market participating organizations. The program started in June 2022 with four days of lectures from the industry, followed by six days of tutorial sessions, and finally sitting the exams in August 2022. Collaboration between university and industry can achieve the mission of bridging the academics ivory tower and industry labour market with the required skills. - Some of the metrics are blocked by yourconsent settings
Publication Faktor-Faktor yang Mempengaruhi Literasi Kewangan Islam: Satu Tinjauan Awal(Penerbit USIM, 2023)Norhaziah NawaiIndustri kewangan Islam telah bertapak di Malaysia sejak 6 dekad yang lalu dan Malaysia adalah negara yang mempelopori sistem kewangan Islam di rantau Asia Tenggara. Ini telah menjadikan Malaysia sebagai hub kewangan Islam. Terdapat pelbagai produk dan perkhidmatan yang ditawarkan oleh institusi dan pasaran kewangan Islam bagi memenuhi keperluan kewangan rakyat Malaysia. Walau bagaimanapun didapati tahap literasi kewangan Islam di kalangan rakyat Malaysia masih lagi rendah. Oleh itu tujuan kertas kerja konsep ini adalah untuk membincangkan faktor-faktor yang mempengaruhi literasi kewangan Islam di Malaysia iaitu pengetahuan, kesedaran, sikap dan tingkah laku kewangan Islam. - Some of the metrics are blocked by yourconsent settings
Publication Financial Literacy Module for Micro Businesses Entrepreneur: Systematic Literature Review(Human Resource Management Academic Research Society, 2022) ;Nurul Aini Muhamed ;Fauzias Mat Nor ;Norhaziah Nawai ;Syahidawati Shahwan ;Junaidah Abu Seman ;Mahdhir Abdullah ;Mohammad Noorizzuddin NoohAimi Fadzirul KamarubahrinThe issue of financial literacy has caught the interest of various groups in developed countries. The importance of improving financial literacy has increased because of factors including the development of new financial products; the complexity of the financial markets; and the changes in political, demographic and economic factors. However, the lack of financial knowledge will lead to an immense problem for a country and there is statistic shown entrepreneurs is amongst who are declared bankrupt. Thus, serious actions should be taken, and the financial literacy module for micro business entrepreneurs is one of the factors that needs to be identify. This paper aims to identify, review and synthesize the financial literacy module for micro business entrepreneur based on a systematic review. The present paper carried out a systematic literature review (SLR) of the related literature. A systematic review was identified literatures by electronic open access database searches (Google scholar, Scopus, Emerald insights, Taylor and Francis, Springer, World of Science and Science Direct). The inclusion criteria were: i) publication date between 2017 and 2021, ii) country, iii) methodology, iv) model/theory and v) dimension. Narrative synthesis and systematic review were performed and reported according to the preferred reporting items statement using Preferred Reporting Items for Systematic Review and Meta-Analyses (PRISMA) search methodology strategy. Systematic literature review has been undertaken by identifying 2,743 studies from various sources. After removing the 2,732 studies based on selection criteria, 11 studies have been found relevant for the present study. The review suggests that the financial literacy module for micro business entrepreneur is necessary to promote entrepreneurial development and increasing the profile of disadvantaged people. This research found there is no standardised methodology to measure the financial literacy of entrepreneurs. The study conceptualises a research model which can be used by the policymakers to develop training modules for entrepreneurs. These training modules will contribute to the nation’s economic growth by virtue of enhanced performance and superior financial access. This study proposes a hypothesised research model which is one of its kinds to demonstrate the financial literacy module for micro business entrepreneur. - Some of the metrics are blocked by yourconsent settings
Publication Performance and Effectiveness of the Amanah Ikhtiar Malaysia (AIM) Programmes: Factor Analysis Technique(Universiti Sains Islam Malaysia, 2006) ;Mohamed Sharif BashirNorhaziah NawaiThis paper aims to investigate the performance and effectiveness of Amanah Ikhtiar Malaysia (AIM) microfinance programme for poverty eradication in Malaysia. It is an attempt to provide a rigorous analysis of the role played by AIM with special reference to selected branches in Terengganu. This paper has employed the factor analysis technique and regression analysis to test research hypothesis. Multivariate technique of factor analysis was used to test the hypothesis that the social demographic characteristics of the respondents influence the AIM programme effectiveness through the socioeconomic variables while, multiple regression analysis was employed to investigate the determinants of effectiveness of the AIM programme performance. The findings has detected a significant relationship between the programme performance and socioeconomic and demographic characteristics of the targeted population.The findings of regression model showed that the most significant variable influencing the performance variable - loan utilization is the factor SS perceived adequacy of social services with a coefficient statically significant at (p = .00)> and explained about 36.3% of the variance in the dependent variable. The regression model also showed that the impact of the three demographic and economic factors were highly significant at leve1 0.05. - Some of the metrics are blocked by yourconsent settings
Publication Risk Management of Full-Fledged Islamic Banks versus Islamic Subsidiaries of Conventional Banks in Malaysia: The Sustainable Growth within Restricted Minimum Requirements(Universiti Sains Islam Malaysia, 2017) ;Fauzias Mat Nor ;Amir Shaharuddin ;Norhaziah Nawai ;Ainulashikin MarzukiW Zainuddin Wan AbdullahThis paper aims to analyze the risk management practices of full-fledged Islamic banks versus Islamic subsidiaries of conventional banks in Malaysia and the sustainable rate of growth within restricted minimum requirements of capital adequacy, leverage and liquidity. In achieving these objectives, the paper assesses the risk management practices of full-fledged Islamic banks, i.e. Bank Islam Malaysia Berhad and Bank Muamalat Malaysia Berhad and Islamic subsidiaries of conventional banks, i.e. Maybank Islamic Berhad and CIMB Islamic Berhad. This paper uses annual reports and focus group interview to obtain the data. The results of the analysis show that the Leverage Ratio, Liquidity Coverage Ratio (LCR) and capital requirement ratios, such as Common Equity Tier 1 capital Ratio, Core Capital Ratio (CCR) and Risk Weighted Capital Ratio (RWCR) have exceeded the minimum requirement by Basel Accord. The result of the focus group interview shows that full-fledged Islamic banks and Islamic subsidiaries of conventional banks conformed and implemented the risk management framework imposed by the regulatory agency. However, the growth rate in total asset, loan, Return On Assets (ROA) and net income margin has mixed growth except for loan to total asset which increase over the year, albeit of the minimum risk management requirement. These empirical and focus group results suggest an important policy on issues pertaining to how Islamic banks have to adjust the changes in the banking environment in terms of growth and its comparative advantages specifically on management efficiency.