This assignment delves into the intersection of Islamic finance and the development of Small and Medium Enterprises (SMEs). It examines various aspects, including the impact of subprime mortgage crises on Islamic banking, determinants of attitudes towards Islamic financing among SMEs, and the potential of microfinance products within an Islamic framework. The role of Waqf in enhancing Muslim SMEs and the factors influencing Zakat implementation within businesses are also explored. The assignment utilizes a combination of scholarly articles, research papers, and online resources to provide a comprehensive understanding of this crucial topic.