Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEs
Financing has always been one of the main challenges of SMEs in Iran. Therefore, developing financial instruments for these companies and reducing their dependence on bank financing is always one of their essential needs. Despite the development of the Sukuk market in recent years, the capacity of t...
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| Format: | Article |
| Language: | fas |
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Imam Sadiq University
2023-06-01
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| Series: | تحقیقات مالی اسلامی (پیوسته) |
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| Online Access: | https://ifr.isu.ac.ir/article_76693_a4987d33aeb82fac8aabea598ee5bc87.pdf |
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| _version_ | 1832585225842982912 |
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| author | Mohammad Mahdi Faridouni Mohammad Tohidi Milad Isaei |
| author_facet | Mohammad Mahdi Faridouni Mohammad Tohidi Milad Isaei |
| author_sort | Mohammad Mahdi Faridouni |
| collection | DOAJ |
| description | Financing has always been one of the main challenges of SMEs in Iran. Therefore, developing financial instruments for these companies and reducing their dependence on bank financing is always one of their essential needs. Despite the development of the Sukuk market in recent years, the capacity of this market has not been provided for SMEs. This article seeks to provide an optimal model for financing SMEs. The present research is considered to be mixed (qualitative-quantitative) from the point of view of the applied goal and qualitative-quantitative from the point of view of the nature of the data and descriptive-survey from the point of view of the data collection method. In order to design a suitable model, first, in interviews with experts in the field of financing SMEs, as well as available resources, the financing challenges of these companies were analyzed. In the next step, based on two assumptions, 7 models were designed for issuing Sukuk. Then, based on the TOPSIS method, these models were prioritized and Wakalah model is choosed. |
| format | Article |
| id | doaj-art-dd32f1eebb3d479a98457071ec76dc86 |
| institution | Kabale University |
| issn | 2251-8290 2588-6584 |
| language | fas |
| publishDate | 2023-06-01 |
| publisher | Imam Sadiq University |
| record_format | Article |
| series | تحقیقات مالی اسلامی (پیوسته) |
| spelling | doaj-art-dd32f1eebb3d479a98457071ec76dc862025-01-26T16:05:59ZfasImam Sadiq Universityتحقیقات مالی اسلامی (پیوسته)2251-82902588-65842023-06-0113114010.30497/ifr.2023.244310.182476693Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEsMohammad Mahdi Faridouni0Mohammad Tohidi1Milad Isaei2Ph.D. Student, Financial Engineering, Department of Financial Management, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, IranAssociate Professor, Department of Financial Management, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran.A. Student, Islamic Studies and Financial Management, Department of Financial Management, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, IranFinancing has always been one of the main challenges of SMEs in Iran. Therefore, developing financial instruments for these companies and reducing their dependence on bank financing is always one of their essential needs. Despite the development of the Sukuk market in recent years, the capacity of this market has not been provided for SMEs. This article seeks to provide an optimal model for financing SMEs. The present research is considered to be mixed (qualitative-quantitative) from the point of view of the applied goal and qualitative-quantitative from the point of view of the nature of the data and descriptive-survey from the point of view of the data collection method. In order to design a suitable model, first, in interviews with experts in the field of financing SMEs, as well as available resources, the financing challenges of these companies were analyzed. In the next step, based on two assumptions, 7 models were designed for issuing Sukuk. Then, based on the TOPSIS method, these models were prioritized and Wakalah model is choosed.https://ifr.isu.ac.ir/article_76693_a4987d33aeb82fac8aabea598ee5bc87.pdfsmesfinancingsukukwakalah sukuk |
| spellingShingle | Mohammad Mahdi Faridouni Mohammad Tohidi Milad Isaei Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEs تحقیقات مالی اسلامی (پیوسته) smes financing sukuk wakalah sukuk |
| title | Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEs |
| title_full | Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEs |
| title_fullStr | Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEs |
| title_full_unstemmed | Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEs |
| title_short | Analyzing and Choosing the Appropriate Model for Issuing Islamic Securities for Financing SMEs |
| title_sort | analyzing and choosing the appropriate model for issuing islamic securities for financing smes |
| topic | smes financing sukuk wakalah sukuk |
| url | https://ifr.isu.ac.ir/article_76693_a4987d33aeb82fac8aabea598ee5bc87.pdf |
| work_keys_str_mv | AT mohammadmahdifaridouni analyzingandchoosingtheappropriatemodelforissuingislamicsecuritiesforfinancingsmes AT mohammadtohidi analyzingandchoosingtheappropriatemodelforissuingislamicsecuritiesforfinancingsmes AT miladisaei analyzingandchoosingtheappropriatemodelforissuingislamicsecuritiesforfinancingsmes |