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Arab Monetary} discusses ways to finance small and medium enterprises
Author: [You must be registered and logged in to see this link.] 09/5/2018 12:00 am [rtl]Abu Dhabi / Al-Sabah will conclude next Thursday the "Financing Small and Medium Enterprises according to the Islamic Perspective of Finance" organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the Islamic Development Bank, which started last Sunday in Abu Dhabi. The seminar will discuss a number of important topics, particularly SMEs: definition, scope and needs, identification of financing of these companies, identification of Islamic financing methods for small and medium enterprises, identification and measurement of challenges in financing these enterprises, And a realistic case study in their development. Abdul Rahman bin Abdullah Al Humaidi, Managing Director and Chairman of the Board of Directors of the Arab Monetary Fund, said: "The importance and pivotal role of small and medium-sized enterprises in the economic growth of emerging and developing economies is significant. , Contributes about 33 percent of GDP and more than half of exports, the job opportunities it creates help raise living standards, and SMEs employ about 70 percent of the labor force. The provision of affordable financing is of critical importance to this sector to grow. To achieve this objective, it is necessary to develop the market infrastructure so as to motivate financial institutions to move towards financing this sector and a profitable return on financing. Small and medium-sized enterprises provide a unique opportunity for financial institutions and provide incentives for these institutions to develop financing products commensurate with their needs, as well as their ability to create jobs.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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