Designing appropriate model of Wakalah sukuk for financing SMEs

The importance of small and medium businesses today is not hidden from anyone. These companies include a large part of the employment and production of countries. Financing these companies has always been considered one of the main problems of these units. Until now, the external financing of these companies has generally been done by banks; The high dependence of financing SMEs on banks has caused serious constraints in their growth and development. Recently, advanced countries have tried to improve the financing of SMEs by using the capacity of the capital market. This article seeks to present a model based on Wakalah sukuk to finance SMEs. In terms of goal this research is practical and in terms of nature of data is (qualitative-quantitative). It is also considered descriptive-survey based on the data collection method. In this research, we provide a model based on Wakalah by using the descriptive analysis method and using library studies. Then, the relevant model was evaluated and approved from the aspects of efficiency for financing SMEs, attractiveness for issuers and investors, and acceptability from the supervisor point of view, using a questionnaire and using inferential statistics.