HOW ISLAMIC DEVELOPMENT FINANCE SUPPORTS BUSINESS GROWTH: THE ROLE OF THE ISLAMIC DEVELOPMENT BANK IN MALAYSIA

Authors

  • Mamatova Tursunoy The Banking and Finance Academy of the Republic of Uzbekistan

DOI:

https://doi.org/10.55640/

Abstract

In many developing and emerging economies, access to finance remains one of the most serious obstacles to business growth. Small and medium-sized enterprises (SMEs), which form the backbone of employment and innovation, often struggle to obtain long-term and affordable funding. Conventional commercial banks usually prioritize short-term profitability and risk minimization, leaving many productive business projects underfinanced. In this context, Islamic development finance has emerged as a powerful alternative for supporting real economic activity.

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References

1.Islamic Development Bank Group (IsDB). (2021). Private Sector Development Strategy 2021–2025. Jeddah: Islamic Development Bank Group.

2.Islamic Development Bank Group (IsDB). (2022). Annual Report. Jeddah: Islamic Development Bank Group.

3.Bank Negara Malaysia. (2020). Islamic Finance Development Report. Kuala Lumpur: Bank Negara Malaysia.

4.Hassan, M. K., & Lewis, M. K. (2007). Handbook of Islamic Banking. Cheltenham: Edward Elgar Publishing.

5.Iqbal, Z., & Mirakhor, A. (2011). An Introduction to Islamic Finance: Theory and Practice. Singapore: Wiley.

6.World Bank. (2018). SME Finance: Improving SMEs’ Access to Finance. Washington, DC: World Bank Group.

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Published

2026-02-09

Issue

Vol. 5 No. 02 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

HOW ISLAMIC DEVELOPMENT FINANCE SUPPORTS BUSINESS GROWTH: THE ROLE OF THE ISLAMIC DEVELOPMENT BANK IN MALAYSIA. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(02), 671-672. https://doi.org/10.55640/