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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 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

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Abstract

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.

Item Type: Article (Journal)
Additional Information: 576/56160
Uncontrolled Keywords: SMEs, Working Capital Management, Trade Credit
Subjects: H Social Sciences > HB Economic Theory > HB126.4 Islamic Economics
H Social Sciences > HJ Public Finance > HJ1438 Public Finance In Islam
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences
Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Professor Ahamed Kameel Meera
Date Deposited: 11 Jun 2018 10:42
Last Modified: 11 Jun 2018 10:42
URI: http://irep.iium.edu.my/id/eprint/56160

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