The role of cash waqf as a financial instrument in financing small and medium sized enterprises (SME)
The main objective of this paper is show the significant role of cash waqf as new financial model in the Islamic financial system. The cash waqf model is meant to develop and enhance the financial services for small and medium size enterprises (SME). With the financial infrastructure based on cash waqf model the SMEs can overcome their financial challenges and obligations in business and commerce. However, the cash waqf model can be used as mechanism through its commerical and financial aspects to enhance the SMEs and facilitate their financial needs. The cash waqf has the potential to improve the domestic economic growth and play a significant role in the socioeconomic development by allowing the SME to have an access to the financial services...
Waqf , Small and medium sized enterprises (SME) , Cash waqf model , Financing , Debt financing , Equity financing
Lahsasna, Ahcene. (2010). Awqaf Journal
Kuwait Awqaf Public Foundation