Research Article | OPEN ACCESS
Effectiveness of Capital Assistance Programme: Evidence from Malaysia
Jamaliah Said, Mahfuzah Ahmad and Sharifah Norzehan Syed Yusuf
Accounting Research Institute and Faculty of Accountancy, Universiti Teknologi MARA,
Selangor, Malaysia
Research Journal of Applied Sciences, Engineering and Technology 2014 4:488-495
Received: February 28, 2014 | Accepted: April ‎08, ‎2014 | Published: July 25, 2014
Abstract
In Malaysia, the number of people living in hardcore poverty, has decreased from 0.7% in 2009 to 0.2% in 2012. Many organizations have been set up to provide continuous support to these ‘unfortunate group’ to elevate their living standards through business activities via Capital Assistance Programme. One of the organizations is known as Selangor Zakat Board (SZB). In 2003, SZB has introduced “Asnaf Entrepreneurial Program†to facilitate selected hardcore poor to start a small business. This study aims to examine factors that influence the effectiveness of capital assistance programme. Based on 55 asnaf who received capital assistance to start small scale business in 2003 the finding discovered that level of religiosity and business experience significantly influence the effectiveness of capital assistance programme.
Keywords:
Asnaf entrepreneurs , principle of maqasid al-shari, zakat organizations,
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Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
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The authors have no competing interests.
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