A qualitative inquiry into cashwaqfmodel as a source of financing for micro enterprises

PurposeThis paper aims to explore the opinions and recommendations of various experts on the integrated cashwaqfmicro enterprise investment (ICWME-I) model, particularly in terms of its suitability, applicability and prospects in the market.Design/methodology/approachThe research involves primary data which are collected from semi-structured interviews conducted with experts from various backgrounds. Thematic analysis was used to examine the data.FindingsThe experts support the suitability of the ICWME-I model in providing financial services to micro enterprises. They highlight the importance of establishing, managing and operating ICWME-I model under the aegis of the State Islamic Religious Council in Malaysia or the corporate sector. They further emphasize that the characteristics of micro enterprises, the element of sustainable funding, the importance of proper management and administration, legal matters and public awareness are key factors that influence the sustainability of the ICWME-I model.Originality/valueThis paper adds to the literature onwaqfand micro enterprises especially from the Malaysian context. The paper validates the ICWME-I model in terms of its suitability, applicability and prospects in the market by interviewing experts from various backgrounds.