A Comprehensive Pattern of Islamic Financing in Small and Medium Industries in Iran by Grounded Theory

In todaychr('39')s business environment, it is important to use modern financing methods that comply with Sharia law. Given the benefits of small and medium-sized enterprises, including stimulating entrepreneurship, dynamism and flexibility, their rapid growth potential, high efficiency, breadth, and high impact on a countrychr('39')s GDP, and because of the high risk and risk factors of these firms, there are numerous problems in providing them. However, due to the terms and conditions of Iranian financing systems and the limitations of financing instruments in Iran, the present study presents a pattern of Islamic financing in small and medium-sized industries with a grounded theory approach in Iran. The statistical population of the study consisted of 13 experts on Islamic financing phenomenon who were purposely selected according to the purpose of the research. After expert opinion and careful study of legal, cultural, structural and cultural factors, investors and marketing were identified as causal conditions of ineffective use of Islamic financial instruments. One of the important achievements of this study is to help identify and improve the Islamic financing status of small and medium-sized industries.