The Development of Islamic Finance Mechanism for the Financing of Small and Medium Enterprises: Study Case in Sudan Islamic Banks
Journal of Finance and Accounting
Volume 4, Issue 5, September 2016, Pages: 293-300
Received: May 31, 2016; Accepted: Aug. 25, 2016; Published: Sep. 12, 2016
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Author
Osama Mohammed Elhassan, Faculty of Sciences and HumanitiesRimah, Business Administration Department, Majmaah University, Rimah, Kingdom of Saudi Arabia
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Abstract
The cureent study deals with the obstacles faced by Banks during the financing of the small and medium enterprises by virtue of equations that restructuring resource control within the Banks. Likewis, it discusses the possibility of providing funding for small enterprises through the combination and the establishment between the contracts to comply with the multiple of these institutions needs. The study shows that the importance of the development of the currently funding mechanisms used during the development of feasibility studies and the development of safeguards and invent new formats cater to the financing needs of these institutions, in line with the restructuring of resources within the Islamic Banks in particular.
Keywords
Islamic Finance, Murabaha, Funding, Salam, Ijara, Musharaka Salam, Mugawla, Mudaraba
To cite this article
Osama Mohammed Elhassan, The Development of Islamic Finance Mechanism for the Financing of Small and Medium Enterprises: Study Case in Sudan Islamic Banks, Journal of Finance and Accounting. Vol. 4, No. 5, 2016, pp. 293-300. doi: 10.11648/j.jfa.20160405.16
Copyright
Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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