Examining new measure of asnaf muslimpreneur success model: a Maqasid perspective

Hanudin Amin

Journal of Islamic Accounting and Business Research, 2022, vol. 13, issue 4, 596-622

Abstract: Purpose - This study aims to investigatemustahiqbusiness success using a newly developed index called asnaf muslimpreneur success index (AMSi). Design/methodology/approach - Following Abu Zaharah theory ofal-Maqasid al-Shariah, the authors developed the AMSi through literature analyses and expert judges involving threeShariahscholars for improved extensions and applications. Subsequently, the authors conducted the actual survey, which included 17mustahiqwho had been assisted by the zakat institution in running their small andhalalbusinesses in Sabah, Malaysia. Findings - Using the AMSi, the success ofasnafbusinesses was in the moderate index, implying the success meets the index score of more than 50%. All indexes capturingasnafs’ business experience,asnafs’ business justice,asnafs’ well-being andasnafs’ financial wisdom were greater than the threshold value of 0.5 or 50%, implying that the interaction of the battery items involved in those variables resulted in satisfactory results, indicating that they are relevant and essential in gauging the asnafs’ success level in the development business programme. Research limitations/implications - The results obtained were at the exploratory level, and for that, more studies related are expected to be conducted in the future, where the coverage of the respondents used is larger to extend the findings, at least. Practical implications - The results obtained can become a yardstick to gauge the success ofasnafmuslimpreneurs in Sabah, East Malaysia. Originality/value - This study introduces new measures ofasnafmuslimpreneur success model, wheremustahiqbusiness is brought into play.

Keywords: Maqasid al-Shariah; Mustahiq; Zakat; Malaysia (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jiabrp:jiabr-04-2021-0116

DOI: 10.1108/JIABR-04-2021-0116

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