Wednesday, June 12, 2013

Islamic Microfinancing: Baju Kurung Handover Ceremony


One collaborative research undertaken by ARI researchers under its niche Islamic Financial Criminology is related to Islamic Microfinance.  The project which is headed by Professor Dr Rashidah Abdul Rahman examines the current gap in microfinance model.  Generally, entrepreneurs indicated their wish to have a supplier to complete the supply chain model of the microfinance-based business.  As such, ARI has sought the cooperation of Mydin Holdings Berhad to facilitate these entrepreneurs.  The first phase microfinance research project has also involved Amanah Ikhtiar Malaysia (AIM), financier of the microfinance credit.  Through Sahabat (AIM's entrepreneur network), entrepreneurs undertook a baju kurung tailoring project with Mydin. In conjunction with the collaborative action research project between ARI, AIM, MAIS Zakat Selangor Berhad (MZSB), and Mydin Mohamed Holdings Bhd, a Baju Kurung Handover Ceremony has been held at Mydin Training Center this morning. During the ceremony, the first batch of 182 baju kurungs sewn by a group of AIM sahabats from Tanjung Karang, have been  handed over by the Managing Director of AIM, Datuk Zabidah Ismail to the Executive Director of Mydin, Mr. Salim Ali Mydin. In her opening speech, Datuk Zabidah personally thanks everyone involve in this project especially ARI and Mydin for providing wider social networks and support structure for AIM sahabats to involve in economic activities, thus improving their household income.