Publication: Factors Determining the Success of ASNAF Entrepreneurs through the ASNAF Entrepreneurship Program
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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
THE PUBLISHER
Abstract
With regard to the discussions on poverty, public and private agencies
must play their roles to encounter poverty issues. In 2016, Malaysia's poverty rate
was at 0.4 percent, which was the lowest percentage in Southeast Asia. At present,
Malaysia is at the final stage of the program of poverty alleviation through
selected initiatives. However, to ensure that the programs are successful, the
government needs to get the support from other agencies, such as Zakat
institutions. In 2016, Lembaga Zakat Selangor provided at least RM10,854,282
through the economic development program. Although the statistic of ASNAF
entrepreneurs is yearly showing an increase in number, the issue that needs to be
highlighted is on how many of them have become successful entrepreneurs and
have exited from being the poor and needy ASNAF to become Zakat contributors.
Such highlight is important because not every ASNAF who gets involved with the
entrepreneurship program will be successful since there are a lot of factors that
need to be considered, such as capital, monitoring, skills, and others. In light with
this, this study attempted to unravel the contributing factors to ASNAF
entrepreneurs’ success that is achieved through the ASNAF entrepreneurship
program. A quantitative approach was used to collect primary data, which were the
input acquired from the target respondents. The primary outcome of this study can
assist the Malaysian government in identifying the best mechanism to solve the
issue of poverty and reducing the expenditure of the Malaysian government
Description
Empirical Economics Letters, 20(8): (August 2021)