A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia

Studies and statistics have shown that micro, small and medium enterprises (MSMEs) enhance competition through economy-wide entrepreneurship, encouraging innovation and improving efficiency as their industries grow. In an increasingly globalized marketplace, it is important for Malaysian MSMEs to re...

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Main Authors:	Raheem, Mohamed Mahees, Mydin Meera, Ahamed Kameel
Format:	Article
Language:	English
Published:	IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM) 2018
Subjects:	HB126.4 Islamic Economics HJ1438 Public Finance In Islam
Online Access:	http://irep.iium.edu.my/56160/ http://irep.iium.edu.my/56160/ http://irep.iium.edu.my/56160/1/56160_A%20Case%20for%20a%20Shari%E2%80%99ah%20Compliant.pdf

id	iium-56160
recordtype	eprints
spelling	iium-561602018-06-11T02:42:17Z http://irep.iium.edu.my/56160/ A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia Raheem, Mohamed Mahees Mydin Meera, Ahamed Kameel HB126.4 Islamic Economics HJ1438 Public Finance In Islam Studies and statistics have shown that micro, small and medium enterprises (MSMEs) enhance competition through economy-wide entrepreneurship, encouraging innovation and improving efficiency as their industries grow. In an increasingly globalized marketplace, it is important for Malaysian MSMEs to remain competitive in order to survive. Due to their size, they face many problems with regards to business operations. One of the main problems is access to financing for working capital management. This paper seeks to identify the main problems faced by Malaysian MSMEs in raising finance to meet their working capital requirements in their business operations, and also delve into the concept of trade credit and its employment in MSME business practices. Finally, the elements of an alternative strategy of working capital management will be proposed and discussed for the betterment of the MSMEs in Malaysia. IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM) 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/56160/1/56160_A%20Case%20for%20a%20Shari%E2%80%99ah%20Compliant.pdf Raheem, Mohamed Mahees and Mydin Meera, Ahamed Kameel (2018) A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia. Journal of Islamic Finance, 7 (1). pp. 26-37. ISSN 2289-2109 E-ISSN 2289-2117 http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/290
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB126.4 Islamic Economics HJ1438 Public Finance In Islam
spellingShingle	HB126.4 Islamic Economics HJ1438 Public Finance In Islam Raheem, Mohamed Mahees Mydin Meera, Ahamed Kameel A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia
description	Studies and statistics have shown that micro, small and medium enterprises (MSMEs) enhance competition through economy-wide entrepreneurship, encouraging innovation and improving efficiency as their industries grow. In an increasingly globalized marketplace, it is important for Malaysian MSMEs to remain competitive in order to survive. Due to their size, they face many problems with regards to business operations. One of the main problems is access to financing for working capital management. This paper seeks to identify the main problems faced by Malaysian MSMEs in raising finance to meet their working capital requirements in their business operations, and also delve into the concept of trade credit and its employment in MSME business practices. Finally, the elements of an alternative strategy of working capital management will be proposed and discussed for the betterment of the MSMEs in Malaysia.
format	Article
author	Raheem, Mohamed Mahees Mydin Meera, Ahamed Kameel
author_facet	Raheem, Mohamed Mahees Mydin Meera, Ahamed Kameel
author_sort	Raheem, Mohamed Mahees
title	A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia
title_short	A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia
title_full	A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia
title_fullStr	A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia
title_full_unstemmed	A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia
title_sort	case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in malaysia
publisher	IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM)
publishDate	2018
url	http://irep.iium.edu.my/56160/ http://irep.iium.edu.my/56160/ http://irep.iium.edu.my/56160/1/56160_A%20Case%20for%20a%20Shari%E2%80%99ah%20Compliant.pdf
first_indexed	2023-09-18T21:19:14Z
last_indexed	2023-09-18T21:19:14Z
_version_	1777411769992478720

A case for a shari’ah compliant alternate credit system to facilitate working capital management for micro, small and medium enterprises in Malaysia

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