Download or read book Unlocking the Potential of Islamic Finance for Small Business written by Hussein Elasrag and published by Createspace Independent Publishing Platform. This book was released on 2016-11-05 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Unlocking the Potential of Islamic Finance for SME s written by Hussein Elasrag and published by Hussein Elasrag. This book was released on 2022-03-08 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Islamic Finance for Small Business written by Hussein Elasrag and published by Hussein Elasrag. This book was released on 2018-02-12 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Applying blockchain on Islamic Financing for SMEs written by Hussein Elasrag and published by Hussein Elasrag. This book was released on 2022-02-20 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 .
Download or read book Islamic finance for SME s written by Hussein Elasrag and published by Hussein Elasrag. This book was released on 2016-09-15 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Islamic finance written by Hussein Elasrag and published by Hussein Elasrag. This book was released on with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance is the only example of a financial system directly based on the ethical precepts of a major religion, providing not only investment guidelines but also a set of unique investment and financing products.” Islamic finance is based on Shari'a, the Islamic law that provides guidelines for multiple aspects of Muslim life, including religion, politics, economics, banking, business and aspects of the legal system What Shari'ah compliant financing (SCF) seeks to do is to shape financial practices and accompanying legal instruments that conform to Islamic law. Major financial principles of Shari'ah include a ban on interest, a ban on uncertainty, adherence to risk-sharing and profit-sharing, promotion of ethical investments that enhance society and do not violate practices banned in the Qur’an and tangible asset-backing.This Book tries to note the main Principal of Islamic finance. In addition to discuss the Improvement can be made in several areas to promote and enhance the providing Islamic financial services.
Download or read book Leveraging Islamic Banking and Finance for Small Businesses written by Mohamed Asmy Bin Mohammad Thas Thaker and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Islamic Finance and Africa s Economic Resurgence written by Muhammad Al Bashir Muhammad Al Amine and published by Springer. This book was released on 2016-06-08 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes Africa's unprecedented economic growth, the state of its financial sector, and the varied opportunities for Islamic finance investors. It considers the role - potential and realized - of Islamic finance in fostering financial inclusion in areas such as banking, microfinance, capital market development, insurance, and private equity business. The book stresses that investing in Africa through Islamic finance will open new markets, ensure higher profit margins, diversify risk, and create business competition; and that these changes that will provide financial products that can satisfying the desires and beliefs of all consumers and unlock the real potential of the continent's financial system. The book also looks into the rise of international interest in Africa and concludes by scrutinizing the challenges impeding further economic growth, as well as the specific barriers that need to be addressed in order to promote the implementation of Islamic finance. Investors, policymakers, and academics ready to confront these challenges will find much of value in this book.
Download or read book Financing SMEs An Islamic Perspective written by Hussein Elasrag and published by Hussein Elasrag. This book was released on 2022-02-24 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Islamic Finance written by Daud Vicary Abdullah and published by Marshall Cavendish International Asia Pte Ltd. This book was released on 2010-03-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though small in comparison with conventional finance, Islamic finance is at the threshold of serious expansion, growing at between 15–20 per cent a year. 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 book explains how conventional financial products work—from mortgages and leases to trade finance and insurance—before delving into their Islamic versions.
Download or read book An Islamic Microfinance Enterprise written by Dr. Saad Al-Harran, Alfred Yong Foh Se and published by Xlibris Corporation. This book was released on 2008-09-25 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently there is limited application of Islamic microfinance instruments in Brunei Darussalam in the business and banking industries. The main objective of the exploratory study on the potentiality of Islamic microfinancing in the handicraft industry is to encourage students pursuing the Master in Islamic Banking and Finance (MIBF) program to apply the Islamic finance to real life situations. This exploratory applied research has allowed students the opportunity to appreciate the potentialities of Islamic microfinance in assisting the development of microbusinesses especially in the rural areas in Brunei Darussalam.
Download or read book Islamic Finance written by Hussein Elasrag and published by . This book was released on 2019-07-06 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to outline some potential areas for consideration for the all sectors of the Islamic finance. The book: Explains what Fundamentals of the Islamic finance is and is not;Explains the concept of Corporate social responsibility in Islam;Explore and discuss the halal Economy and the market opportunity;Discuss the potential of Islamic Finance for small business;Makes the case for Islamic finance to build knowledge of, and capability in, relation to Blockchain technology;Make sense of its impacts on Islamic finance, and anticipate future;developments; and Explore and discuss existing Islamic finance usage of Blockchains.
Download or read book Islamic Finance written by Mr.Alfred Kammer and published by International Monetary Fund. This book was released on 2015-04-06 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance matters, taking into account its recent and prospective growth; and, its potential contributions in terms of financial inclusion, support for small- and medium-sized enterprises and investment in public infrastructure and, in principle, reduced systemic risk. It then covers a range of regulatory and other challenges, and offers policy advice, to address factors that hamper the development of the industry and, more generally, the delivery of its potential benefits. The paper covers regulatory and supervisory issues, safety nets and resolution frameworks, access to finance, Sukuk markets, and macroeconomic policies.
Download or read book Islamic Finance for Small and Medium Enterprises written by Hussein Elasrag and published by Createspace Independent Publishing Platform. This book was released on 2016-09-15 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Islamic Finance in Europe written by Valentino Cattelan and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different conceptions of economic justice(s) co-exist and influence each other. The contributing authors analyse key economic development and social integration issues from an Islamic perspective and outline the European approach to accommodating Islamic finance, with particular regard to the peculiarities of individual nation-states. Set in this context, the book presents financial pluralism as a device to enhance a level playing field in the global marketplace, as well as to foster a plural open society. Providing a comprehensive and methodological guide to Islamic finance in Europe, this book will prove an illuminating and informative read for academics, students and policymakers with an interest in the impact on financial regulation of an increasingly globalized world.
Download or read book Contemporary Management and Science Issues in the Halal Industry written by Faridah Hassan and published by Springer. This book was released on 2019-05-18 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proceedings volume focuses on halal management and science topics. Issues related to business model, management, marketing, finance, food security, lifestyle, hospitality, tourism, cosmetics, personal care, legal aspects, technologies and sciences are presented in the chapters. In addition, the book also covers comprehensive areas of halalan toyyiban chains of production from raw materials, ingredients, planning, manufacturing, packaging, logistics, delivery, warehousing, marketing to consumption. Various survey results and few cases explore practical solutions to these issues of interest to academics in university settings as well as practitioners in different industries and government agencies.
Download or read book The Promise of Fintech written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2020-07-01 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
