Islamic Microfinance in Saudi Arabia and Poverty Reduction

Islamic Microfinance in Saudi Arabia and Poverty Reduction

Abstract

Saudi Arabia, even as various could believe is a wealthy nation paradoxically has an elevated-implicit poverty problem. Such poverty could be related to a small degree of commercial interest also its conventional variance in phrases of a monetary guide. While currently being supported internationally, successful little and middle-companies (SMEs) have large possible to assist alleviates poverty. In Saudi Arabia, the SME area presently added much below forty% of the GDP with a financing diffusion rate of most effective 2%. To improve their presentation, these organizations ought to gain from the use of microfinance inventions. The primary goal of this research is to obtain the estimation of SME owners…