Research Article 14
Journal of Finance & Economics Research - Volume 10, Issue 1 2025
By Muhammad Junaid Ali Khan, Zubair Ahmed, Yasin Mahmood
10.20547/jfer2510104
Keywords: Small and Medium Enterprises SMEs, Islamic Finance, SME problems, SME Islamic Banking, SMEDA

This study investigates the latest developments in promoting SMEs in Pakistan by the Government and other stakeholders. It also maps SME issues with Islamic finance solutions. The study is based on a literature review, categorizing policies and regulations from SMEDA and SBP, along with other research and reports. Despite advancements in SME policies, SMEs lack awareness and proper business education. Islamic banks are hesitant to fund SMEs due to documentation issues. Solutions include consultancy services, training programs, and awareness sessions in Islamic finance. This research assists SME operators and stakeholders understand government assistance and legislation for SMEs. It also advises Islamic banking and financial institutions on tailored solutions for SMEs.

Submission Date: 25 Mar, 2025 Reviews Completed: 26 May, 2025
Acceptance Date: 10 Jun, 2025 Publication Date: 30 Jun, 2025