Creation of sharia-compliant financing options for the micro, small, and medium enterprises (MSMEs) sector

Authors

  • Khanud Rahmade Faculty of Economic Sharia, Ibn Tofail University, Morocco
  • Amarulluh Ratifi Faculty of Economic Sharia, Ibn Tofail University, Morocco

Keywords:

inclusive finance, murabahah,, mudharabah, musyarakah, Sharia funding

Abstract

Limited access to institutional funding hinders the MSME sector, which is an essential economic foundation. Sharia financing serves as an equitable option, adhering to Islamic principles that prohibit usury. This essay delineates the optimization of current sharia financing methods and the innovations required to enhance the financial inclusion of MSMEs. The objective is to evaluate the efficacy of current models, discern difficulties and opportunities, and suggest novel and cohesive Sharia funding frameworks. This research is new due to its integration of a full sharia financing model that encompasses digital elements, hybrid contracts, value chains, mentoring, and social funds. The discourse encompassed an assessment of current models, obstacles, and proposed integrated models anticipated to enhance the competitiveness of MSMEs. In conclusion, sharia financing possesses significant potential, although it requires optimization through innovation in products and ecosystems

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Published

2025-05-04

How to Cite

Khanud Rahmade, & Amarulluh Ratifi. (2025). Creation of sharia-compliant financing options for the micro, small, and medium enterprises (MSMEs) sector. Jurnal Ilmu Multi Syariah, 1(1), 10–22. Retrieved from https://jurnal.akseprin.org/index.php/JIMS/article/view/133

Issue

Vol. 1 No. 1 (2025): January -June

Section

Articles

License

Copyright (c) 2025 Khanud Rahmade, Amarulluh Ratifi

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.