International Journal of Academic Research in Business and Social Sciences

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Modeling Financial Inclusion in the Ar-Rahn’s Financing as Imperatives for Economic Well-Being in Malaysia

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Azila Abdul Razak, Fidlizan Muhammad, Mohd Yahya Mohd Hussin, Nurhanie Mahjom, Fatimah Salwa Abd. Hadi , Zuraidah Zainol

Pages 1203-1223 Received: 19 Dec, 2019 Revised: 10 Jan, 2019 Published Online: 10 Feb, 2019

http://dx.doi.org/10.46886/IJARBSS/v9-i1/5784
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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In-Text Citation: (Razak, Muhammad, Hussin, Hadi, & Zainol, 2019)
To Cite this Article: Razak, A. A., Muhammad, F., Hussin, M. Y. M. M., Hadi, F. S. A., & Zainol, Z. (2019). Modeling Financial Inclusion in the Ar-Rahn’s financing as Imperatives for Economic Well-Being in Malaysia. International Journal Academic Research Business and Social Sciences, 9(1), 1103–1123.