Cash waqf-based credit guarantee (CG) model for smes: Selected cases and a proposed model
Yükleniyor...
Dosyalar
Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
İstanbul Sabahattin Zaim Üniversitesi
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This conceptual paper primarily explores the current applications of credit guarantee (CG) in selected government institutions.Two CG government programs have been selected. The theoretical discussions have covered the underpinning concepts, mainly kafalah contract and cash waqf. To this effect, the shariah stand on charging fees for kafalah has been highlighted, along with the latest resolutions and decisions of shariah academies and institutions are cited. The discussions of the paper resulted in a conceptual CG framework based on cash waqf. The qualitative method is used, and an extensive literature review has been conducted. This paper found that the Malaysian CG program has a special Islamic scheme to offer CG, nonetheless, the program uses the concept of Kafalah bil-ujrah where it charges fees directly from the client with various rates. This paper argues that cash waqf perfectly fits as a source of funding for providing CG.
Açıklama
Anahtar Kelimeler
SMEs, Credit Guarantee, Cash Waqf, Kafalah, Conceptual Model
Kaynak
Journal of Islamic Economics and Finance
WoS Q Değeri
Scopus Q Değeri
Cilt
8
Sayı
1
Künye
Al Fares, M., Kachkar, O. A. ve Azrak, T. (2022). Cash waqf-based credit guarantee (CG) model for SMEs: Selected cases and a proposed model. Journal of Islamic Economics and Finance, 8(1), 1-32. https://doi.org/10.54863/jief.1065828
