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ZENODO
Article . 2024
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
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Globalization, Islamic Finance, and Small-Medium-Enterprise (SME) Performance: An Editorial Perspective

Authors: Muhammad Saeed Iqbal1*, Anna Rana, Shanayyara Mahmood2, Fifi Anti Mapika Sari Binti Sukamto3, Arooj Fatima4, Umama Arshad4;

Globalization, Islamic Finance, and Small-Medium-Enterprise (SME) Performance: An Editorial Perspective

Abstract

Abstract Purpose: This editorial explores the impact of globalization and Islamic finance on SMEs' performance, aiming to understand the challenges and opportunities faced by SMEs operating under Islamic financial principles in a globalized market. Design/Methodology/Approach: This editorial perspective is developed through a review and synthesis of existing literature and current trends in the fields of globalization, Islamic finance, and SME performance. It integrates insights from various studies, reports, and expert opinions to present a cohesive viewpoint on how these factors interplay and impact SME performance. Findings: Globalization positively impacts SME performance by increasing international market access and competitiveness. It enhances innovation and operational efficiency. Adopting Islamic finance principles fosters financial stability and resilience for SMEs. Sharia-compliant financing options provide ethical capital for sustainable growth. Leveraging both strategies offer synergistic benefits, including enhanced market diversification and reduced dependency on local economic conditions, thereby improving SME sustainability. Research Limitations/Implications: The findings may be limited by global SME contexts and regulatory environments, and the dynamic nature of globalization and Islamic finance necessitates ongoing adaptation. Future research should explore scalability and long-term effects. Practical Implications: The editorial discusses the strategic implications of globalization and Islamic finance on SMEs, suggesting strategies to support growth, resilience, and inclusive economic development amidst globalization. Social Implications: Understanding SMEs' use of Islamic finance in globalization enhances academic discourse, informs policymakers, and promotes inclusive economic development, thereby enhancing economic growth and stability. Originality/Value: This editorial synthesis explores the relationship between globalization, Islamic finance, and SME performance, offering valuable insights for scholars, researchers, policymakers, and practitioners, filling a gap in literature. Key Words: Globalization and SME Performance; Islamic Finance and SME Performance; Combined Impact of Globalization and Islamic Finance

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average