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Author: Hussein Elasrag
Publisher: Hussein Elasrag
Published: 2018-02-12
Total Pages: 74
ISBN-13: 8828328827
DOWNLOAD EBOOK →The purpose of this book is to investigate the opportunities of development and growth as well as the main challenges to Islamic finance for Small Business.
Author: Hussein Elasrag
Publisher: Hussein Elasrag
Published: 2022-03-08
Total Pages: 48
ISBN-13: 8354286975
DOWNLOAD EBOOK →Small and Medium Enterprises (SMEs) make up the bulk of the economic tissue of the economy. In developing countries, they represent the majority of employment, including female employment. Investing in SMEs is a long-term and smart strategy, with sustainable returns that multiply across regions, countries and societies. SMEs constitute the overwhelming majority of firms. Globally, SMEs make up over 95% of all firms, account for approximately 50% of GDP and 60%–70% of total employment, when both formal and informal SMEs are taken into account. This amounts to between 420 million and 510 million SMEs,310 million of which are in emerging markets. Promoting access to finance for SMEs has been on the global reform agenda since the global financial crisis. The purpose of this paper is to investigate the opportunities of development and growth as well as the main challenges to Islamic finance for SMEs.
Author: Hussein Elasrag
Publisher: Hussein Elasrag
Published: 2016-09-21
Total Pages: 165
ISBN-13: 1537756613
DOWNLOAD EBOOK →According to several research studies in the last decade there are greater opportunities for development and growth of Islamic financial system because Muslim community is eager to take financial products and they are willing to spend their lives according to their religion. Islamic Finance is a promising solution to SMEs to meet the requirements of formal financing. And can prove particularly effective to facilitate access to finance for SMEs. Although there is a wealth of literature around Islamic finance and around finance in general for SMEs, literature that draws and connects these two areas together is limited. The purpose of this book is to investigate the opportunities of development and growth as well as the main challenges to Islamic finance for SMEs. This book will help to deepen understanding of the concepts of Islamic finance as well as SMEs. In addition to evaluate how Islamic financial institutions can support SMEs.
Author: Mohamed Asmy Bin Mohammad Thas Thaker
Publisher:
Published: 2020
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →Small businesses are considered one of the sources of innovation, productivity and dynamism in many countries. Thus, to translate innovative ideas into sustainable businesses, access to capital becomes a part and parcel of their business lifecycle. Despite their potential importance for economic development, small businesses are facing difficulties in attracting external finance at the early and middle stages of the entrepreneurial lifecycle in many countries, including developed and developing countries. As a response, the Addis Ababa Action Agenda on Financing for Development (2015) recognized the role of additional financing, in particular using innovative mechanisms, instruments and modalities. It encourages mechanisms based on models combining public and private resources (blended finance) and joint ventures that bring significant impact investing. In line with this, Islamic banking and finance is a broad framework that has great potential for supporting development finance particularly related to small business, given their fundamental criteria emphasizing generating positive societal impact. The main objectives covered by this paper are: (i) to perform a landscape analysis of financing small business for selected Asian countries, particularly Malaysia and Indonesia; (ii) to identify and unpack innovative financing opportunities within Islamic banking and finance instruments such as Mudharabah (profit-sharing), Musharakah (profit-loss sharing), Murabahah (sale with cost plus profit margin, Ijarah [Islamic leasing]), and Salam (forward sale) as potential solutions for addressing small businesses' funding gaps; and (iii) to initiate the development of systematic principles for the utilization of Islamic banking and finance instruments in financing small businesses.
Author: Hussein Elasrag
Publisher: Createspace Independent Publishing Platform
Published: 2016-11-05
Total Pages: 80
ISBN-13: 9781539938545
DOWNLOAD EBOOK →Promoting access to finance for Small and Medium Enterprises SMEs has been on the global reform agenda since the global financial crisis. The purpose of this paper is to investigate the opportunities of development and growth as well as the main challenges to Islamic finance for SMEs.
Author: Mr.Enrique Gelbard
Publisher: International Monetary Fund
Published: 2014-08-11
Total Pages: 27
ISBN-13: 1498375278
DOWNLOAD EBOOK →Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant to the region, in particular the ability to foster SMEs and micro-credit activtities. As a first step, policy makers could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign investors. The entrance of full-fleged Islamic banks require addressing systemic issues, and adapting the crisis management and resolution frameworks. The IMF can play a role by sharing international experiences and providing advice on supervisory and regulatory frameworks as needed.
Author: Hussein Elasrag
Publisher: Hussein Elasrag
Published: 2022-02-24
Total Pages: 109
ISBN-13: 5828875841
DOWNLOAD EBOOK →The lack of funding is one of the most important constraints faced by SMEs. Marketing and administrative barriers, the lack of an integrated accounting system, shortage of trained manpower, institutional constraints and government legislation are also limitations faced by the SMEs.This book will try to give hints and insights into this, and to present some of the Islamic financial instruments that are being supplied by the market for the financing of SMEs.
Author: Hussein Elasrag
Publisher: Createspace Independent Publishing Platform
Published: 2016-09-15
Total Pages: 242
ISBN-13: 9781539650379
DOWNLOAD EBOOK →Since the Small and Medium Enterprises (SMEs) are important for the economy, the Islamic banks and Islamic financial institutions must play a significant role in financing these businesses. Supporting SMEs are one of the objectives of religious institutions, thus the most important goal of Islamic banks and Islamic financial institutions is to contribute to the economic and social development of the society. This study aims to analyze the appropriateness of the Islamic financial system for SME finance.
Author: Abdullah, Daud Vicary
Publisher: Marshall Cavendish International Asia Pte Ltd
Published: 2013-11-15
Total Pages: 216
ISBN-13: 9814516821
DOWNLOAD EBOOK →Islamic finance has been growing faster than conventional finance for most of the past decade. It has done this on a model of finance that rejects interest and promotes profit sharing. How is this possible? Yet the wealth potential of Islamic finance is far from being its most attractive feature. What is most compelling about Islamic finance are its ethical principles and strong corporate governance based on Shariah law. This SECOND EDITION explains and updates how conventional financial products work — from mortgages and leases to trade finance and insurance — before delving into their Islamic versions and contains three new topics on microfinance, the ethical company and wealth successionAbout the Authors Daud Vicary Abdullah has been in the finance and consulting industry for more than 40 years, and has focused solely on Islamic finance since 2002. At Hong Leong Islamic Bank, he was instrumental in transforming an Islamic banking window into a full-fledged Islamic banking subsidiary. Today, he helms INCEIF (International Centre for Education in Islamic Finance), the global university for Islamic finance set up by Bank Negara (Central Bank of Malaysia) in December 2005. He is also a frequent speaker and commentator on matters relating to Islamic finance. Keon Chee is a senior executive in Singapore where he oversees the wills, trusts and corporate services businesses in his firm. He has many years' experience in investment research, derivatives, financial training and insurance. He obtained an MBA from Columbia University and an LL.B (Hons) from the University of London, and enjoys using his broad background in helping clients with their estate planning needs. He is also co-author of the best-selling Make Your Money Work For You.
Author: Hussein Elasrag
Publisher: Hussein Elasrag
Published: 2022-02-20
Total Pages: 167
ISBN-13: 5471958608
DOWNLOAD EBOOK →The purpose of this book is to investigate the opportunities of development and growth as well as the main challenges for Islamic Financing for SMEs. The book focuses on analyzing the innovative technology Blockchain and the potential of blockchain-based applications to Islamic Financing for SMEs. The main objectives were to define how blockchain can change the Islamic Finance industry. The book discussed the various interesting applications of blockchain in Islamic finance that can bring different benefits. The book also shed light on the challenges facing Applying Blockchains for Islamic finance. This book will help to deepen understanding of the concepts of blockchain as well as SMEs. In addition to evaluate how blockchain can support Islamic Financing for SMEs .
