The challenges of Islamic trade finance in promoting SMEs in IDB member countries
Author
Ali, Abd al-Rahman al-Zahi Said
Source
Islamic Research and Training Institute
Issue
Vol. 2013, Issue 1-4, 6-20 (31 Dec. 2013), pp.1-15, 15 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2013-12-31
Country of Publication
Saudi Arabia
No. of Pages
15
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
- Banks
- Islamic jurisprudence
- Financial institutions
- Islam
- Poverty mitigation
- Financing
- Arab world
- Religious aspects
- Commercial finance companies
- Banking
- Islamic Banks
- Challenges
Abstract EN
Accessing financing is one of the most formidable challenges facing Small and Medium Enterprises (SMEs) ; particularly in the least developing member countries (LDMC) of IDB.
Given their low capital base, the availability of financial resources is essential for the SMEs growth.
This research attempts to investigate the challenges and limitations facing the use of Islamic finance to promote Small and Medium Enterprises (SMEs) in IDB member countries.
Secondary data from member Countries were collected and analyzed to identify the binding constraints in using Islamic finance in promoting SMEs.
The findings of this study show- that despite of the recent growth of the Islamic institutions and the development of new Islamic financing products, still there is no favorable environment for Islamic finance to play vital role in the development of SMEs in the IDB member countries.
The main reasons might be due to the weakness in the development of trade and the Islamic financing infrastructures.
Given the uprising unemployment in many member countries, this study makes specific recommendations to the governments, Islamic banks management as well as IDBG to contribute in removing the challenges associated with accessing the sources of financing to encourage Islamic finance to further promote SMEs.
American Psychological Association (APA)
Ali, Abd al-Rahman al-Zahi Said. 2013. The challenges of Islamic trade finance in promoting SMEs in IDB member countries. Islamic Research and Training Institute،Vol. 2013, no. 1-4, 6-20, pp.1-15.
https://search.emarefa.net/detail/BIM-603771
Modern Language Association (MLA)
Ali, Abd al-Rahman al-Zahi Said. The challenges of Islamic trade finance in promoting SMEs in IDB member countries. Islamic Research and Training Institute No. 1-4, 6-20 (2013), pp.1-15.
https://search.emarefa.net/detail/BIM-603771
American Medical Association (AMA)
Ali, Abd al-Rahman al-Zahi Said. The challenges of Islamic trade finance in promoting SMEs in IDB member countries. Islamic Research and Training Institute. 2013. Vol. 2013, no. 1-4, 6-20, pp.1-15.
https://search.emarefa.net/detail/BIM-603771
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 15
Record ID
BIM-603771