Modeling financial inclusion in the Ar-Rahn

Azila Abdul Razak

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Type :	article
Subject :	HB Economic Theory
Main Author :	Azila Abdul Razak
Additional Authors :	Fidlizan Muhammad Mohd Yahya Mohd Hussin Nurhanie Mahjom Fatimah Salwa Abd. Hadi Zuraidah Zainol
Title :	Modeling financial inclusion in the Ar-Rahn

Place of Production :	Tanjong Malim
Publisher :	Fakulti Pengurusan dan Ekonomi
Year of Publication :	2019
Corporate Name :	Universiti Pendidikan Sultan Idris

Abstract : Universiti Pendidikan Sultan Idris

This study examines the relationship between financial inclusion and the use of ar-rahn financing in enhancing individual economic well-being. Primary data assembled through questionnaire surveys were analyzed by using factor analysis and structural equation modeling. The results demonstrate that financial inclusion through patronising ar-rahn significantly improves the well-being of individuals and society. Importantly, the usage of ar-rahn financing for production purpose such as economic activity is claimed to be significant in enhancing individual well-being resulting into micro balancing and improving the financial and socio-economic development.

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