Islamic Finance for Micro and Medium Enterprises

The book comprises of a collection of papers discussing major theoretical and practical issues concerning Shari‘a-compliant MME (Micro and Medium scale Enterprise) finance. The problems facing development of MMEs include a lack of access to credit, inadequate collateral, insufficient legal status, high transaction costs, and the sensitivity of Muslim entrepreneurs to interest-based financing. The book serves to address these issues using works of different authors and discusses a variety of problems and their recommended solutions.