CASH WAQF-BASED CREDIT GUARANTEE (CG) MODEL FOR SMES: SELECTED CASES AND A PROPOSED MODEL

Yıl 2022, Cilt: 8 Sayı: 1, 1 - 32, 30.06.2022

Marwa Al Fares , Omar Kachkar , Tawfik Azrak

https://doi.org/10.54863/jief.1065828

Öz

This conceptual paper primarily explores the current applications of credit guarantee (CG) in selected government institutions. Two CG government programs have been selected. The theoretical discussions have covered the underpinnings concepts, mainly kafalah contract and cash waqf. To this effect, the shariah stand on charging fees for kafalah has been highlighted along with the latest resolutions and decisions of shariah academies and institutions are cited. The discussions of the paper resulted in a conceptual CG framework based on cash waqf. The qualitative method is used, and an extensive desk review of the existing literature has been conducted. This paper found that the Malaysian CG program has a special Islamic scheme to offer CG, nonetheless the program uses the concept of Kafalah bil-ujrah where it charges fees directly from the client with various rates. This paper argues that cash waqf perfectly fits as a source of funding for providing CG.

Anahtar Kelimeler

SMEs, Credit Guarantee, Cash Waqf, Kafalah, Conceptual Model

KOBİ’ler için para vakfına dayalı kredi garantisi modeli:seçilmiş vakalar ve model önerisi

Öz

Bu kavramsal makale, öncelikle seçilmiş devlet kurumlarında kredi garantisinin (CG) mevcut uygulamalarını araştırmaktadır. İki tane CG hükümet programı seçilmiştir. Teorik tartışmalar, başlıca kafalah sözleşmesi ve para vakfı olmak üzere temel kavramları ele almıştır. Bu amaçla, şeriat akademilerinin ve kurumlarının
kafalah ücreti kararı ile birlikte
son karar ve hükümleri aktarılmıştır. Makale kapsamındaki tartışmalar, para vakfına dayalı kavramsal bir KY( you mean CG??) çerçevesiyle sonuçlanmıştır. Makalede nitel yöntem kullanılmış ve mevcut literatürün kapsamlı bir masa başı( i am not sure masa başı is correct or not) incelemesi yapılmıştır. Makale, Malezya CG programının önerilebilecek özel bir CG İslami plan olduğunu, bununla birlikte programın çeşitli oranlarla doğrudan müşteriden aldığı ücret için Kafalah bil-ujrah kavramını kullandığını tespit etmiştir. Bu makale, CG sağlamak için bir finansman kaynağı olarak para vakıflarının son derece uygun olduğunu savunmaktadır.

Anahtar Kelimeler

KOBİ’ler, Kredi Garantisi, Para Vakıfları, Kefalet, Kavramsal Model

Kaynakça

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