Islamic Banks: Business Growth and Its Role in Improving MSME Performance

Syafrida Hani; Muhammad Firza Alfi; Ikhsan Abdullah

Islamic Banks: Business Growth and Its Role in Improving MSME Performance

Syafrida Hani, Muhammad Firza Alfi, Ikhsan Abdullah

Abstract

Islamic Banks are evidence of the revival of the Islamic economy and become the main instrument for upholding the Islamic economy, and part of the Islamic economic system to achieve Islamic socio-economic goals and realize distributive justice. This paper describes the development of Islamic data of Islamic Banking Statistics. The discussion was carried out to see the development of Islamic Bank's performance, assets, labor absorption, market share, public interest in Islamic Bank financing products, including its role in encouraging the increase of MSME groups and maintaining business continuity. How the financing products at Islamic Bank that are distributed to the community can encourage MSMEs to compete and maintain business continuity. This is in accordance with the goals of Islamic banks in supporting the implementation of national development, increasing justice, togetherness, and equitable distribution of community welfare.

Keywords

Financing Product, Financing Performance, Market Share

Full Text:

PDF

References

Ahmed, H. (2002a). A Microeconomic Model of an Islamic Bank. In Islamic Research and Training Institute, Islamic Development Bank Group.

Ahmed, H. (2002b). Financing microenterprises: An analytical study of Islamic microfinance institutions. Islamic Economic Studies, 9(2), 27–64. http://www.isdb.org/irj/go/km/docs/documents/IDBDevelopments/Internet/English/I RTI/CM/downloads/IES_Articles/Vol 9-2..Habib Ahmed..Financing

Microenterprises..dp.pdf

Alam, K., Rahman, S. A., Mustafa, H., Shah, S. M., & Hossain, S. (2019). Shariah governance framework of Islamic banks in Bangladesh: Practices, problems and recommendations. International Journal of English Language and Literature Studies, 9(1). https://doi.org/10.18488/journal.aefr.2019.91.118.132

Alam, N., Binti Zainuddin, S. S., & Rizvi, S. A. R. (2019). Ramifications of varying banking regulations on performance of Islamic Banks. Borsa Istanbul Review, 19(1), 49–64. https://doi.org/10.1016/j.bir.2018.05.005

Alamad, S. (2019). Financial and Accounting Principles in Islamic Finance. In Financial and Accounting Principles in Islamic Finance. https://doi.org/10.1007/978-3-030- 16299-3

Aprilia, M. E., Rosidi, & Saraswati, E. (2017). Determinan Kinerja Bank Islam. Jurnal Akuntansi Multiparadigma, 370–381. https://doi.org/10.18202/jamal.2017.08.7060

Asutay, M., & Harningtyas, A. F. (2015). Developing Maqasid al-Shari’ah Index to Evaluate Social Performance of Islamic Banks: A Conceptual and Empirical Attempt. International Journal of Islamic Economics and Finance Studies, 1(1), 5– 64. https://doi.org/10.1002/2016PA003003.Received

Disli, M., Aysan, A. F., & Abdelsalam, O. (2023). Favoring the small and the plenty: Islamic banking for MSMEs. Economic Systems, 47(1), 101051. https://doi.org/10.1016/j.ecosys.2022.101051

Fitriani, F. S., Harahap, R. D., & Nurlaila, N. (2023). Perkembangan UMKM Di Indonesia : Peran Pemahaman Akuntansi, Teknologi Informasi dan Sistem Informasi Akuntansi. Owner, 7(3), 2518–2527. https://doi.org/10.33395/owner.v7i3.1427

Hani, S., Juliandi, A., Irfan, & Sinambela, E. (2022). Islamic Enterprises; Konsep Manajemen Usaha Mikro Berbasis Paradigma Islam (M. Arifin (ed.)). UMSU Press.

Hasan, Z., & Asutay, M. (2017). Maslahah in stakeholder management for Islamic financial institutions. Islamic Quarterly, 61(4), 505–537.

International Monetary Fund. Asia and Pacific Dept. (2024). Financing Barriers and Performance of Micro, Small, and Medium Enterprises (MSMES).

Irfan. (2016). “Akuntansi zakat korporat di Kota Medan: Disertasi doktor,” Universiti Sains Malaysia, Penang Malaysia.

Khan, F. (2010). How ‘Islamic’ is Islamic Banking? Journal of Economics Behavior & Organization, 76(3), 805–820.

Lubis, H. Z., Hani, S., & Sinambela, E. (2023). Bisnis Model Canvas Bagi Kelompok Usaha Aisyiyah PWA Sumatera Utara. Jurnal Pengabdian Kepada Masyarakat, 29(4), 643–649.

Palupi, A. R. (2018). OJK, Perlindungan Konsumen dan Grand Strategy Perbankan Syariah (Bahan TOT Keuangan Syariah yang diselenggarakan oleh Otoritas Jasa Keuangan di Hotel Grand Sahid Medan Tanggal 11-13 Juli 2018) (pp. 1–28).

Otoritas Jasa Keuangan.

Tamvada, J. P., Narula, S., Audretsch, D., Puppala, H., & Kumar, A. (2022). Adopting New Technology is a Distant Dream? The Risks ofImplementing Industry 4.0 in Emerging E conomy SMEs. Technological Forecasting and Social Change, 185(January), 122088. https://doi.org/10.1016/j.techfore.2022.122088

Tanjung, H. (2018). Strategies for Providing Marketing Staff in Islamic Banks. Jurnal Manajemen. https://doi.org/10.32832/jm-uika.v8i1.746

Untari, P. H. (2023). OJK Ungkap Tantangan Keuangan Syariah di Indonesia. Bisnis Indonesia. https://finansial.bisnis.com/read/20231011/231/1703240/ojk-ungkap- tantangan-keuangan-syariah-di-indonesia.

Refbacks

There are currently no refbacks.

Flag Counter

Published by:

AIBPM Publisher

Editorial Office:

JL. Kahuripan No. 9 Hotel Sahid Montana, Malang, Indonesia
Phone: +62 341 366222
Email: admin.ssem@gmail.com
Website: https://ejournal.aibpmjournals.com/index.php/ssem

Supported by: Association of International Business & Professional Management

If you are interested to get the journal subscription you can contact us at admin.publisher@gmail.com

E-ISSN : 3032-324X