Purpose

The present paper aims to propose a viable alternative model for human capital development (HCD), termed as the integrated cash waqf micro enterprises investment (ICWME-I) model, which is expected to contribute to the development of micro enterprises in Malaysia.

Design/methodology/approach

This is a conceptual paper for the development of the ICWME-I model. It is purely qualitative in nature, using content analysis. It comprehensively reviews the literature related to HCD issues faced by micro enterprises and existing studies related to cash waqf (Islamic endowment) to construct the ICWME-I model.

Findings

The proposed ICWME-I model is specially designed for HCD of micro enterprises. It is an appropriate initiative to upgrade micro enterprises through HCD programmes by ensuring proper utilization of cash waqf funds to build modern training centres at subsidized costs with state-of-the-art facilities. The training centres would subsidize the participation fees of micro enterprises and provide them with facilities to undertake education and training programmes, as well as other kinds of activities for upgrading, improving and enhancing human capital capacity and skills of micro enterprises. The potential challenges of the ICWME-I model are also highlighted in this study.

Research limitations/implications

This paper attempts to construct the ICWME-I model based on an extensive review of literature related to micro enterprises, cash waqf and HCD. Among its major limitations is the fact that the ICWME-I model is not empirically validated and tested in this research. This can be carried out in future studies.

Practical implications

The present study could have an enormous impact on micro entrepreneurs via HCD programmes. The most important impact would be on government budgets, as this ICWME-I model is expected to generate its own funds from cash waqf for micro enterprises’ HCD.

Originality/value

This paper brings forward an original and viable model to develop human capital for micro enterprises development. This model involves the building of training centres using cash waqf raised from donors.

中文翻译：

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微型企业人力资本开发的现金waqf模型

目的

本论文旨在提出一种可行的人力资本发展（HCD）替代模型，称为综合现金 waqf 微型企业投资（ICWME-I）模型，有望为马来西亚微型企业的发展做出贡献。

设计/方法/方法

这是开发 ICWME-I 模型的概念性论文。它本质上是纯定性的，使用内容分析。综合回顾了微型企业面临的HCD问题的相关文献和现金​​waqf（伊斯兰捐赠）相关的现有研究，以构建ICWME-I模型。

发现

提出的 ICWME-I 模型是专为微型企业的 HCD 设计的。通过 HCD 计划通过确保现金宗教基金资金的适当利用，以补贴成本建造具有最先进设施的现代化培训中心，这是一项适当的举措，以通过 HCD 计划升级微型企业。培训中心将补贴微型企业的参会费，并为其提供开展教育和培训计划以及其他各类活动的设施，以提升、改善和提高微型企业的人力资本能力和技能。本研究还强调了 ICWME-I 模型的潜在挑战。

研究限制/影响

本文试图在广泛查阅与微型企业、现金 waqf 和 HCD 相关的文献的基础上构建 ICWME-I 模型。其主要局限性之一是 ICWME-I 模型未在本研究中进行实证验证和测试。这可以在未来的研究中进行。

实际影响

本研究可能通过 HCD 计划对微型企业家产生巨大影响。最重要的影响将是对政府预算的影响，因为这种 ICWME-I 模型有望从现金 waqf 中为微型企业的 HCD 产生自己的资金。

原创性/价值

本文提出了一种新颖可行的微型企业人力资本开发模式。该模式涉及使用从捐助者那里筹集的现金 waqf 建立培训中心。