Halal Industry in Malaysia has created employment
opportunities especially among Small,
medium-sized enterprises (SMEs). High demand for Halal products especially from Islamic countries has put
Halal industry as one of the national agenda priorities. In the Eleventh
Malaysia Plan (11MP), the halal industry had been given special emphasis by the
Prime Minister to ensuring the halal industry is highly and persistently
competitive. In Asia, Malaysia has been considered as a leader in the
development of the Halal hub center.
However, halal industry is not only about halal food production, but
also it covers Islamic finance services which prohibit interest (riba),
uncertainties (gharar) and gambling (maysir). Islamic financial planning is one
of the important parts of Islamic finance because it plays a big role in
providing Shariah compliant funds and investment opportunities especially for
SMEs halal operators.
The holistic approach
to halal industry should also cover not only halal food production, but also
Islamic financial planning which includes activities such as how
to create, increase, purify and to protect wealth from Islamic perspective. Therefore, this study
examines the relationship between acceptance of Islamic finance and the
application of Islamic financial planning among SMEs halal operators in
Peninsular Malaysia. The findings of this study reveal that the acceptance of
Islamic finance was significantly correlated with the application of Islamic
financial planning among SMEs halal operator. These finding indicated the
important of integration between acceptance on the Halal industry with Islamic
financial planning activities. SMEs Halal operators should be able to accept
the Islamic finance principles. This relationship recognises the importance of
acceptance and practice of Islamic financial planning among halal SMEs
operators in promoting halal products and services and boost demand for
Malaysian halal products at the international level.
|Yayımlanma Tarihi||18 Aralık 2016|
|Gönderilme Tarihi||7 Ocak 2017|
|Yayımlandığı Sayı||Yıl 2016Cilt: 2 Sayı: 6|
AWANG MD, MOHD NOOR MNA, MUHAMMAD J, ABDULLAH A, AB. RAHMAN S, YAHYA MHD (01 Aralık 2016) ACCEPTANCE AND APPLICATION OF ISLAMIC FINANCIAL PLANNING AMONG SMALL AND MEDIUM ENTERPRISES HALAL OPERATOR IN PENINSULAR OF MALAYSIA. IJASOS- International E-journal of Advances in Social Sciences 2 6 747–752.