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Waqf for small and medium enterprises

In: Islamic Social Finance

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Abstract

This chapter highlights the waqf application for entrepreneurship activities, which focuses on small and medium entrepreneurs (SMEs). SMEs are the foundation of many economies worldwide, especially in developing nations. It has contributed significantly to job creation, innovation, and economic growth. SMEs are undeniably important in the economic growth of many countries, representing 90 percent of businesses and more than 50 percent of employment worldwide. In this chapter, the focus will be on the SMEs in the waqf application. Next, the chapter also highlights findings from research and practices by many countries that can be adopted and adapted by waqf organizations and countries to help SMEs. Moreover, the chapter presented how waqf can help SMEs face the challenges due to the COVID-19 pandemic and the possible solutions that SMEs can take concerning waqf application. The chapter highlights the possible solutions suggested by many researchers by introducing models and frameworks and industries related to waqf, which countries can consider to help the SMEs during and post-pandemic.

Suggested Citation

  • ., 2023. "Waqf for small and medium enterprises," Chapters, in: Islamic Social Finance, chapter 6, pages 105-133, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21881_6
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    Cited by:

    1. Hebah Shalhoob & Noha Alessa & Mbarek Rahmoune, 2025. "The “G” in ESG: the challenges and obstacles affecting SMEs’ sustainability in Saudi Arabia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(11), pages 28355-28377, November.
    2. Ambler, Kate & de Brauw, Alan & Herskowitz, Sylvan & Pulido, Cristhian, 2023. "Viewpoint: Finance needs of the agricultural midstream," Food Policy, Elsevier, vol. 121(C).
    3. Magri, Carlotta & Bertacchini, Federico & Marchini, Pier Luigi, 2025. "Resolution of financial distress in SMEs: How do family ownership and involvement affect second chance?," Journal of Family Business Strategy, Elsevier, vol. 16(3).
    4. Akbar, Syed Waqar & Rehman, Ajid Ur & Bouri, Elie & Ijaz, Muhammad Shahzad & Arshad, Imran, 2024. "Socio-economic issues and bank stability: The moderating role of competition," Research in International Business and Finance, Elsevier, vol. 71(C).
    5. Dela‐Dem Doe Fiankor & Bernhard Dalheimer & Gabriele Mack, 2025. "Pesticide regulatory heterogeneity, foreign sourcing, and global agricultural value chains," American Journal of Agricultural Economics, John Wiley & Sons, vol. 107(2), pages 611-634, March.

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