Islamic Credit Guarantee: An Analysis of the Existing Structures and Alternative Approach
Submission Type
Paper Presentation
Abstract/Description
This paper explores Islamic credit guarantee options as a risk mitigation tool for small and medium-sized enterprises (SMEs), focusing on its Shariah-compliant foundations and economic impact. Given the growing need for reliable risk management solutions tailored to SMEs in volatile markets, Islamic credit guarantee offers a unique alternative to conventional credit insurance, aligning with ethical financing principles and promoting inclusivity. This paper delves mainly into the options for Shariah structure of Islamic credit guarantee and pros and cons of each option. The study suggests an alternative to available options and proves its superiority over other options.
Keywords
Islamic, credit guarantee, risk mitigation, small and medium-sized enterprises
Location
Movenpick Hotel
Session Chair
Prof. Dr. Imam Uddin, Director Islamic Finance & Accounts, Institute of Business Management (IOBM)
Session Moderator
Dr. Azima Khan, Assistant Professor, Institute of Business Administration, Karachi
Start Date
4-12-2024 3:15 PM
End Date
4-12-2024 4:15 PM
Recommended Citation
Siddiqui, M. (2024). Islamic Credit Guarantee: An Analysis of the Existing Structures and Alternative Approach. IBA CEIF World Islamic Finance Forum (WIFF). Retrieved from https://ir.iba.edu.pk/wiff/2024/agenda/7
COinS
Islamic Credit Guarantee: An Analysis of the Existing Structures and Alternative Approach
Movenpick Hotel
This paper explores Islamic credit guarantee options as a risk mitigation tool for small and medium-sized enterprises (SMEs), focusing on its Shariah-compliant foundations and economic impact. Given the growing need for reliable risk management solutions tailored to SMEs in volatile markets, Islamic credit guarantee offers a unique alternative to conventional credit insurance, aligning with ethical financing principles and promoting inclusivity. This paper delves mainly into the options for Shariah structure of Islamic credit guarantee and pros and cons of each option. The study suggests an alternative to available options and proves its superiority over other options.
