Islamic financing for small medium enterprises: Challenges and opportunities
This study attempts to discuss the challenges and opportunities of Islamic financing for Small Medium Enterprise (SMEs), as the Islamic finance industry's growth and SMEs are stimulated in this recent year. The government has introduced Islamic SME financing since 2012, and Malaysia has promote...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Othman Yeop Abdullah Graduate School of Business
2020
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| Online Access: | https://repo.uum.edu.my/id/eprint/28209/1/GBMR%2012%202%202020%2050%2064.pdf |
| _version_ | 1825805768110112768 |
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| author | Muhmad, Siti Nurain Wan Ismai, Wan Nur Syahida A Rahim, Nurul Aisyah Awanis Ahmad, Sarah Nadia |
| author_facet | Muhmad, Siti Nurain Wan Ismai, Wan Nur Syahida A Rahim, Nurul Aisyah Awanis Ahmad, Sarah Nadia |
| author_sort | Muhmad, Siti Nurain |
| collection | UUM |
| description | This study attempts to discuss the challenges and opportunities of Islamic financing for Small Medium Enterprise (SMEs), as the Islamic finance industry's growth and SMEs are stimulated in this recent year. The government has introduced Islamic SME financing since 2012, and Malaysia has promoted it by granting a rebate for the participated parties, especially Islamic financial institutions. However, the government's opportunities are still in the slow mode to be grabbed by SMEs. With selected literature
related to SMEs and Islamic financing, this study discussed SMEs and Islamic banks' practices in
Malaysia. Based on the literature, several issues had to be highlighted, such as SMEs' readiness to have the opportunity with larger firms, SMEs' behaviours, and attitudes when dealing with external supports, as well as their awareness of business financing. Thus, this study highlights the challenges and real issues among SMEs and points out the opportunities for improvement that are expected to benefit SMEs and Islamic financial institutions in Malaysia. |
| first_indexed | 2024-07-04T06:37:38Z |
| format | Article |
| id | uum-28209 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:37:38Z |
| publishDate | 2020 |
| publisher | Othman Yeop Abdullah Graduate School of Business |
| record_format | eprints |
| spelling | uum-282092021-04-05T00:59:29Z https://repo.uum.edu.my/id/eprint/28209/ Islamic financing for small medium enterprises: Challenges and opportunities Muhmad, Siti Nurain Wan Ismai, Wan Nur Syahida A Rahim, Nurul Aisyah Awanis Ahmad, Sarah Nadia HG Finance This study attempts to discuss the challenges and opportunities of Islamic financing for Small Medium Enterprise (SMEs), as the Islamic finance industry's growth and SMEs are stimulated in this recent year. The government has introduced Islamic SME financing since 2012, and Malaysia has promoted it by granting a rebate for the participated parties, especially Islamic financial institutions. However, the government's opportunities are still in the slow mode to be grabbed by SMEs. With selected literature related to SMEs and Islamic financing, this study discussed SMEs and Islamic banks' practices in Malaysia. Based on the literature, several issues had to be highlighted, such as SMEs' readiness to have the opportunity with larger firms, SMEs' behaviours, and attitudes when dealing with external supports, as well as their awareness of business financing. Thus, this study highlights the challenges and real issues among SMEs and points out the opportunities for improvement that are expected to benefit SMEs and Islamic financial institutions in Malaysia. Othman Yeop Abdullah Graduate School of Business 2020 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/28209/1/GBMR%2012%202%202020%2050%2064.pdf Muhmad, Siti Nurain and Wan Ismai, Wan Nur Syahida and A Rahim, Nurul Aisyah Awanis and Ahmad, Sarah Nadia (2020) Islamic financing for small medium enterprises: Challenges and opportunities. Global Business Management Review, 12 (2). pp. 50-64. ISSN 2600 - 8416 http://oyagsb.uum.edu.my/component/content/article/66-gbmr/637-business-model-innovation-as-strategic-renewal-process-a-case-of-china-s-most-innovative-firm-16?Itemid=189 |
| spellingShingle | HG Finance Muhmad, Siti Nurain Wan Ismai, Wan Nur Syahida A Rahim, Nurul Aisyah Awanis Ahmad, Sarah Nadia Islamic financing for small medium enterprises: Challenges and opportunities |
| title | Islamic financing for small medium enterprises: Challenges and opportunities |
| title_full | Islamic financing for small medium enterprises: Challenges and opportunities |
| title_fullStr | Islamic financing for small medium enterprises: Challenges and opportunities |
| title_full_unstemmed | Islamic financing for small medium enterprises: Challenges and opportunities |
| title_short | Islamic financing for small medium enterprises: Challenges and opportunities |
| title_sort | islamic financing for small medium enterprises challenges and opportunities |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/28209/1/GBMR%2012%202%202020%2050%2064.pdf |
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