الفهرس 
الفصل الاولOnly 14 pages are availabe for public view
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Abstract
Background/context - Small and medium enterprises (SMEs) have a strategic
and significant position in the economic development of developing countries and
emerging economies, including member states of the organisation of Islamic
cooperation (OIC). The SME sector faces challenges that would restrict its
economic and social magnitude. On top of the problems that face SMEs is the
availability of funds and access to finance. The SME financing gap in developing
countries (OIC countries as an example) has been estimated as greater than 50%.
This calls for the exploration and innovation of new financing sources that would
help sustain SMEs’ development.
Purpose - The purpose of this study is to investigate the purported role(s) of
employing Sukuk as a source of finance in the field of SMEs. In this way, this
study contributes to the growing stream of SME financing studies by examining
”why” and ”how” Sukuk can be institutionalised as an additional innovative
source.
Design/methodology/approach – This study proposes an empirically-informed
SME financing framework using Sukuk. To illustrate this, a qualitative approach
is adopted using semi-structured interviews and secondary documentation.
Interviewees were selected through both purposive sampling and snowball
sampling.
Findings - Distinct from the previous literature and efforts, this study reveals the
powerful role of Sukuk in financing SMEs, especially in Muslim developing
economies. A multi-faceted financing/theoretical framework is developed with
two distinct SME Sukuk: investment Sukuk and charitable Sukuk. SME Sukuk
can be institutionalised into a multi-scenario traditional model and a digital model
based on the ideology of crowdfunding. SME charitable Sukuk can be
institutionalised using two different Sukuk tools: Waqf and Ihsan.