Qarḍ al-Ḥasan for SMEs financing using non-permissible earnings: Islamic FinTech solutions for Yemeni IFIs

Abdellah Ahmad, Al-Mellahi and Adam Sa'ad, Auwal (2022) Qarḍ al-Ḥasan for SMEs financing using non-permissible earnings: Islamic FinTech solutions for Yemeni IFIs. In: The 1st International Conference on Entrepreneurship, Innovation and Technology (ICEIT 2022), 25th - 26th October, Malaysia. (Unpublished)

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Abstract

The global Islamic banking and finance industry is developing rapidly, the recent innovation in technology has also got some portion in the Islamic banking industry, a very huge financial technology (Fintech) innovations appeared in the world by trying to align the use of the Internet, data science analysis, blockchain, artificial intelligence and many other technologies with financial services. • The study aims to contribute to finding alternative sources of funds to finance SMEs using Islamic fintech solutions for the Islamic banks in Yemen, these banks are Tadhamon Bank, Saba Islamic Bank, and Shamil Bank of Yemen & Bahrain (SBYB). The main reason for selecting these banks was because they are the biggest players in the Islamic banking business in Yemen. • Non-Permissible Earning is an income that comes undesirably from the profits acquired as a result of the Islamic Financial Institutions dealing with conventional or central banks or a non- acceptable Islamic banking product by the Shari’ah committee of Islamic Financial Institutions. • The study initiated a model on how Islamic banks can be channeled these un-used sources of income to support SMEs in Yemen.

Item Type:	Conference or Workshop Item (Slide Presentation)
Additional Information:	8761/103185
Uncontrolled Keywords:	Qarḍ al-Ḥasan,n SMEs, financing using non-permissible earnings, Islamic FinTech, Yemeni IFIs
Subjects:	BPC Science and Technology in Islam BPH Islamic Economics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	DR. Auwal Adam Sa'ad
Date Deposited:	16 Aug 2023 12:55
Last Modified:	16 Aug 2023 12:55
URI:	http://irep.iium.edu.my/id/eprint/103185

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