Intrinsic Factors Affecting the Acceptance of Muslim Small Entrepreneurs in Kelantan Towards Ar-Rahnu
Abstract
Small entrepreneurs are often associated with the issue of difficulty in obtaining capital due to lack of trust from financial institutions. This is due to no loan repayment guarantee by small entrepreneurs. Therefore, Ar-Rahnu is one of the alternatives to small entrepreneurs to get financing easily and quickly. However, response of Ar-Rahnu towards entrepreneurial goals is still low as a result of focusing more on personal use rather than for entrepreneurial purposes. Is this low response related to the low acceptance of Ar-Rahnu? Hence, this article intends to identify the intrinsic factors (internal stimuli) that affect the acceptance of Muslim small entrepreneurs in Kelantan towards Ar-Rahnu. A total of 350 respondents were selected by a purposeful sampling consisting of Muslim small entrepreneurs in Kelantan. The set of questionnaires consisted of 8 items relating to respondents' backgrounds, and 20 items on the intrinsic factors that affected the acceptance of small entrepreneurs towards Ar-Rahnu. The findings were analysed descriptively to analyse the percentage and mean values using Statistical Package for Social Sciences (SPSS) version 22.0. Overall, small entrepreneurs in Kelantan exhibited positive acceptance of Ar-Rahnu based on the intrinsic factors. This was indicated by the high mean value displayed by each item, particularly items for halal and haram considerations.
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