Volume 07 Issue 05 May 2024
1Mohamed Akmal Y. Ghouname, 2 Prof. Dr. Elsayed M. Elseify,3prof.Dr.Marwa Elsherif
DOI : https://doi.org/10.47191/ijsshr/v7-i05-80Google Scholar Download Pdf
ABSTRACT
The research aims to investigate and study the impact of using sukuk as a financing tool on small and micro projects in Egypt by testing the hypothesis that there is a statistically significant impact of the value of Egyptian sukuk on the loans to small and micro enterprises during the period (2011-2022). The data were collected from the Central Bank of Egypt, Central Agency for Public Mobilization, World Bank, Economic Reports for Egypt and Statistics of annual reports during the period, and were subsequently analyzed using descriptive analytical method. Accordingly, the findings indicated that the impact of the independent variable of the value of the Egyptian sukuk on the dependent variable of loans to small and micro enterprises was significant at the level of 0.01.and It was found that whenever the value of Egyptian sukuk increased by 1%. The loans to small and micro projects increased by 0.006392%.
KEYWORDS:Sukuk financing, financial tools, small and micro projects loans, SMEs
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