The Asean Journal of Knowledge Contribution

ISSN: 2286-828X
Vol. 1, No. 1 (January 2015) 19-28

THE RESILIENCE CONCEPT OF ISLAMIC ENTREPRENEUR AND THE PROMOTING

OF ISLAMIC FINANCING PRODUCTS TO CREDIT COOPERATIVE IN MALAYSIA
Mustapa Kamal
Chairman of Cooperative Ukhwah Malaysia Berhad &
Ph.D for Sultan Idris Education University, Malaysia
Email: datoserimustapa@ukhwah.com.my
Web: www.ukhwah.com.my
Nor Saadah Bt. Hj. Mustafa
Institute of Al-Quran Tijarah, Malaysia
Prof. Dr. Azham B. Md Ali
Sultan Idris Education University, Malaysia
Dr. Ahmad Zahiruddin B. Yahya
CEO Co-Operative College of Malaysia Holdings
Abstract
Credit Cooperatives serve to stabilize the global economy and provide cash loans to low and middle -income people
in Malaysia. Total numbers of credit cooperatives in Malaysia now are more than 588 of more than 10,087
registered cooperative with a total membership of more than 7 millions people, who are eligible to receive a credit
cooperative loan facility. The purpose of this research is to identify outstanding entrepreneurial attitudes possessed
by members of the Board of excellent credit Cooperative to be the role model to other members of the Board of
Cooperative since there are various obstacles in running the credit cooperative whether from the government
policies or external competitions. The methods used in this study are a questionnaire method using instruments
adapted from questionnaires Entrepreneurs Perception of Success Inventory (EPSI). Of 588 registered credit
cooperatives, only 35 cooperatives managed to qualify in the category of best 100 cooperatives listed by the
Cooperative Commission of Malaysia, with a total population is 350 credit Cooperative Board members. Variable
tested was the phenomenon of credit cooperatives success as the dependent variable with nine dimensions as the
independent variables. They are goal setting hardness and clarity, personality action and circumstances oriented,
knowledge for planning, knowledge and management, motivation and Islamic financing product. Data were
analyzed using SPSS version 21, correlation analyses found were significant for seven variables that are goal setting
clarity, personality circumstances oriented, knowledge for planning, knowledge and management, motivation and
Islamic financing product.
Keywords: 35 excellent credit cooperatives, Entrepreneurs' Perception of Success Inventory (EPSI), goal setting,
personality, knowledge, motivation and Islamic financing.
1.

Introduction

The History of Cooperative Movement in Malaysia.

The awareness of cooperative is flourishing among the Islamic Malay community. This is in accordance to the
words of .Allah SWT:

And help each other in righteousness and piety, and helpnot one another in sin and transgression and remain
fearing Allah, ... (Al-Maidah: 2)*

The material presented by the author(s) does not necessarily portray the viewpoint of the editors and the management of The
Asean Journal of Knowledge Contribution. Any remaining errors or omission rest solely with the authors of this paper.
Citation: Mustapa Kamal, Nor Saadah, Azham, Zahiruddin (2014). The Resilience Concept of Islamic Entrepreneur and the
Promoting of Islamic Financing Products to Credit Cooperative in Malaysia, 1(1), 19-28.

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THE ASEAN JOURNAL OF KNOWLEDGE CONTRIBUTION

Volume 1, Number 1; January 2015

Contents

Page : 01-09
Factors Contributing to Success to the Excellent Credit Cooperatives in Malaysia,
Special Finding on Islamic Financing Product
Mustapa Kamal, Nor Saadah Bt. Hj. Mustafa, Prof. Dr. Abdul Jumaat B. Mahajar, Dr.
Abdul Raheem B. Mohamad Yusof, Assoc. Prof. Dr. Nek Kamal B. Nik Yeop Yunus
Page : 10-18
Spatial Visualization Ability Among Apparel Design Students at University Putra
Malaysia
Rosmawati Bt. Mamat, Arasinah Bt. Kamis, Prof. Dr. Ramlee B. Mustapha
Page : 19-28
The Resilience Concept of Islamic Entrepreneur and the Promoting of Islamic
Financing Products to Credit Cooperative in Malaysia
Mustapa Kamal, Nor Saadah Bt. Hj. Mustafa, Prof. Dr. Azham B. Md Ali, Dr. Ahmad
Zahiruddin B. Yahya
Page : 29-38
Analisis Model Pencapaian Matematik Berasaskan Transisi Dengan Penerapan
Orientasi Pembelajaran Matematik (OPM) : Pendekatan Pemodelan Kuasa Dua
Terkecil Separa
Nor Hashimah Bt. Abu Bakar, Prof. Madya Dr. Zulkifley B. Mohamed
Page : 39-54
Modus Operandi Penambahbaikan Instrumen EPSI dan Status Penilaian Koperasi
Kredit di Malaysia, Terciptanya Instrumen EPSI Versi 2013
Mustapa Kamal, Prof. Dr. Sahandari Gani B. Hamzah

Page : 55-60
The Impact of Beliefs and Attitudes Among Job Seekers Reaction in Clicking on Ads
and Applying for a Job via the Internet in Malaysia
Faizan Iza Bt. Zainuddin, Dr. Suriani Bt. Abdul Hamid, Dr. Jamal @ Nordin B. Yunus