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    Mudarabah factoring model for SMEs
    Muhammad Razman Abdul Razak; Muhammad 'Arif Mohd Hodori (INCEIF, 2017)

    The small and medium-sized enterprises (SMEs) is an interesting sector to talk about; defining them may generate dispute as everyone sees "small" and "medium" differently, however, their importance to the economy are unanimously agreed upon. SMEs represent an essential source for economic growth, dynamics, and flexibility for both the developed countries and the developing and emerging economies. Although individually small in size, SMEs justify their crucial presence on the economy through sheer volume alone; in the Malaysian context, the SME Corp Malaysia's annual report stated that SMEs in Malaysia contribute up to 36.3% of its GDP. From that, we can see that SMEs have the potential to contribute substantially to the economy as it is able to not only strengthen existing industries but also lead to the rise of new ones.

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