• Login
    View Item 
    •   Home
    • Finance
    • Faculty Research and Publications
    • Articles
    • View Item
    •   Home
    • Finance
    • Faculty Research and Publications
    • Articles
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of Effat University RepositoryCommunitiesPublication DateAuthorsTitlesSubjectsPublisherJournalTypeDepartmentSupervisorThis CollectionPublication DateAuthorsTitlesSubjectsPublisherJournalTypeDepartmentSupervisorProfilesView

    My Account

    Login

    Statistics

    Display statistics

    A Model Of A Shariah Compliant Credit Clearing System To Facilitate Working Capital Management For Micro, Small And Medium Enterprises

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Thumbnail
    Name:
    8671-Article Text-17002-1-10-2 ...
    Size:
    309.7Kb
    Format:
    PDF
    Description:
    Main Article
    Download
    Author
    Raheem, Mohamed Mahees cc
    Subject
    SME
    Islamic Finance
    Working Capital Management
    Liquidity
    Complementary Currency
    Date
    2021-05-24
    
    Metadata
    Show full item record
    Abstract
    PalArch's Journal of Archaeology of Egypt / Egyptology ABOUT EDITORIAL TEAM INDEXATION CURRENT ARCHIVES SUBMISSIONS PUBLICATION ETHICS Search SEARCH Register Login HOME / ARCHIVES / VOL. 18 NO. 13 (2021): SPECIAL EDITION BOOK SERIES 1: EFFAT UNIVERSITY'S FINANCE AND ECONOMY PAPERS / Articles A MODEL OF A SHARIAH COMPLIANT CREDIT CLEARING SYSTEM TO FACILITATE WORKING CAPITAL MANAGEMENT FOR MICRO, SMALL AND MEDIUM ENTERPRISES Authors Mohamed Mahees Raheem Ahamed Kameel Mydin Meera Abideen Adeyemi Adewale ABSTRACT 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 local 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. The paper identifies the main problems faced by local MSMEs in raising finance to meet their working capital requirements, and also discusses the usage of trade credit within local MSMEs, and its impact on working capital management. The paper then proposes an alternative credit-clearing strategy that utilizes currency is backed by trade credit that can be employed by MSMEs to boost their liquidity positions. The proposed system directly benefits MSMEs, clearing houses, banks and local governments. In addition, this research also discusses alternative income generation methods for clearing houses, potential problems and remedies, and Shariah compliance
    Department
    Finance
    Journal title
    PalArch's Journal of Archaeology of Egypt/Egyptology
    Collections
    Articles

    entitlement

     
    DSpace software (copyright © 2002 - 2023)  DuraSpace
    Quick Guide | Contact Us
    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.