Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.

Financing small and medium enterprises (SMEs) is one of the most important mechanisms to boost eco- nomic growth in both developed and developing nations. The contributions of SMEs in many countries’ gross domestic product (GDP) have been overwhelming. SMEs improve job creation in all sectors of the...

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Main Authors:	Adam Sa'ad, Auwal, Pitchay, Allah Pitchay
Other Authors:	Nader, Naifer
Format:	Book Chapter
Language:	English English
Published:	IGI Global Publication 2019
Subjects:	HG Finance HG3368 Islamic Banking and Finance HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/74855/ http://irep.iium.edu.my/74855/ http://irep.iium.edu.my/74855/ http://irep.iium.edu.my/74855/1/74855_Financing%20SMEs%20through%20the%20Islamic%20Qard%20al-Hasan.pdf http://irep.iium.edu.my/74855/7/74855_Financing%20SMEs%20through%20the%20Islamic%20Qard%20al-Hasan_SCOPUS.pdf

id	iium-74855
recordtype	eprints
spelling	iium-748552020-03-04T03:05:14Z http://irep.iium.edu.my/74855/ Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives. Adam Sa'ad, Auwal Pitchay, Allah Pitchay HG Finance HG3368 Islamic Banking and Finance HG4001 Financial management. Business finance. Corporation finance. Financing small and medium enterprises (SMEs) is one of the most important mechanisms to boost eco- nomic growth in both developed and developing nations. The contributions of SMEs in many countries’ gross domestic product (GDP) have been overwhelming. SMEs improve job creation in all sectors of the economy and contribute to the people’s economic wellbeing. However, many SMEs are not getting financing from their respective counties due to strict regulations and interest rate hike. With this kind of regulations and high interest, many brains are wasted, and many ideas are vanishing with the job opportunities attached them. Government agencies are therefore in need to innovate different ways to facilitate SME financing and support new businesses for achieving and maintaining sustainable economic growth. This chapter proposes an Islamic FinTech and its mechanisms to achieving this vital initiative using the Islamic benevolent loan “Alqard al-hasan.” IGI Global Publication Nader, Naifer 2019-09-12 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/74855/1/74855_Financing%20SMEs%20through%20the%20Islamic%20Qard%20al-Hasan.pdf application/pdf en http://irep.iium.edu.my/74855/7/74855_Financing%20SMEs%20through%20the%20Islamic%20Qard%20al-Hasan_SCOPUS.pdf Adam Sa'ad, Auwal and Pitchay, Allah Pitchay (2019) Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives. In: Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability. Advances in Finance, Accounting, and Economics (AFAE), 1 volume . IGI Global Publication, Hershey, Pennsylvania, USA, pp. 54-64. ISBN 9781799800392 https://www.igi-global.com/chapter/financing-smes-through-the-islamic-qard-al-hasan/236798 10.4018/978-1-7998-0039-2.ch004
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance HG3368 Islamic Banking and Finance HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG Finance HG3368 Islamic Banking and Finance HG4001 Financial management. Business finance. Corporation finance. Adam Sa'ad, Auwal Pitchay, Allah Pitchay Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.
description	Financing small and medium enterprises (SMEs) is one of the most important mechanisms to boost eco- nomic growth in both developed and developing nations. The contributions of SMEs in many countries’ gross domestic product (GDP) have been overwhelming. SMEs improve job creation in all sectors of the economy and contribute to the people’s economic wellbeing. However, many SMEs are not getting financing from their respective counties due to strict regulations and interest rate hike. With this kind of regulations and high interest, many brains are wasted, and many ideas are vanishing with the job opportunities attached them. Government agencies are therefore in need to innovate different ways to facilitate SME financing and support new businesses for achieving and maintaining sustainable economic growth. This chapter proposes an Islamic FinTech and its mechanisms to achieving this vital initiative using the Islamic benevolent loan “Alqard al-hasan.”
author2	Nader, Naifer
author_facet	Nader, Naifer Adam Sa'ad, Auwal Pitchay, Allah Pitchay
format	Book Chapter
author	Adam Sa'ad, Auwal Pitchay, Allah Pitchay
author_sort	Adam Sa'ad, Auwal
title	Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.
title_short	Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.
title_full	Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.
title_fullStr	Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.
title_full_unstemmed	Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.
title_sort	financing smes through the islamic qard al-hasan: a proposal of islamic fintech interest- free lending for government initiatives.
publisher	IGI Global Publication
publishDate	2019
url	http://irep.iium.edu.my/74855/ http://irep.iium.edu.my/74855/ http://irep.iium.edu.my/74855/ http://irep.iium.edu.my/74855/1/74855_Financing%20SMEs%20through%20the%20Islamic%20Qard%20al-Hasan.pdf http://irep.iium.edu.my/74855/7/74855_Financing%20SMEs%20through%20the%20Islamic%20Qard%20al-Hasan_SCOPUS.pdf
first_indexed	2023-09-18T21:45:55Z
last_indexed	2023-09-18T21:45:55Z
_version_	1777413448509947904

Financing SMEs through the Islamic Qard al-Hasan: a proposal of Islamic FinTech interest- free lending for government initiatives.

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