Access to Sharia Financing for Micro Enterprises: Case Study of Micro Enterprises in Semarang, Indonesia
Abstract
Islamic banking by its principle is expected to play a dominant role compared to other funding providers to finance micro enterprises, which are the real industrial sector. This study aims to explain the perceptions of micro business actors based on their experience in accessing Islamic financing. This is a descriptive quantitative research that relies on the sample selected using purposive random sampling to obtain respondents who meet the criteria that support the research objectives. Primary data were collected through a structured questionnaire to owners and managers of micro-businesses in the Semarang and surrounding areas. A total of 184 data were obtained and processed with the help of statistical tools that is SPSS 22.0. Therefore, it is concluded that access to Islamic financing in terms of product, requirements, and services variables was quite good based on micro business actors’ view.
Keywords: Access of Financing; Micro Enterprises; Islamic Bank.
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References
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Biancone, P. Pietro and Radwan, M. (2015) ‘Sharia Compliant “Possibility for Italian SMEs”’, European Journal of Islamic Finance, (1), pp. 1–10. doi: 10.13135/2421-2172/908.
Elasrag, H. (2016) Islamic Finance for SMES, SSRN Electronic Journal. doi: 10.2139/ssrn.2842160.
Ellahi, N., Bukhari, T. A. and Naeem, M. (2010) ‘Role Of Islamic Modes Of Financing For Growth Of SMES A Case Study Of Islamabad City’, International Journal of Academic Research, 2(6), pp. 161–172.
Hadzic, M. and Pavlovic, P. (2019) ‘Rethinking strategy for SMEE support in the light of the entrepreneurial ecosystem’, Emerging Science Journal, 3(6), pp. 389–394. doi: 10.28991/esj-2019-01201.
Huda, A. N. (2012) ‘The Development of Islamic Financing Scheme for SMEs in a Developing Country: The Indonesian Case’, Procedia - Social and Behavioral Sciences. Aulia Nurul Huda, 52, pp. 179–186. doi: 10.1016/j.sbspro.2012.09.454.
Lee, N., Sameen, H. and Cowling, M. (2015) ‘Access to finance for innovative SMEs since the financial crisis’, Research Policy. Elsevier B.V., 44(2), pp. 370–380. doi: 10.1016/j.respol.2014.09.008.
Margunani, Setiawan, A. B. and Kistant, N. R. (2019) ‘Kajian aksesibilitas umkm dan ikm terhadap lembaga keuangan di kota semarang’, Jurnal Riptek, 13(2), pp. 147–157.
Nightingale, P. and Coad, A. (2014) ‘Muppets and gazelles: political and methodologicalbiases in entrepreneurship research.’, Industrial and Corporate Change, 23(1), pp. 113–143.
Nugroho, L. and Nugraha, E. (2020) ‘The Role of Islamic Banking and E-Commerce for The Development of Micro, Small, and Medium Entrepreneur Businesses’, Business, Economics and Management Research Journal, 3(1), pp. 11–24. Available at: https://dergipark.org.tr/en/pub/bemarej/issue/54139/681545.
Nurhasanah, N., Nurhayati, N. and Surahman, M. (2020) ‘Micro finance in sharia rural banks in Indonesia: A case study’, Entrepreneurship and Sustainability Issues, 7(4), pp. 3455–3463. doi: 10.9770/jesi.2020.7.4(58).
O’Sullivan, M. (2005) ‘Finance and Innovation’, in Fagerberg, J., Mowery, D., Nelson,R. (Eds.). The Oxford Handbook of Innovation. Oxford: Oxford University Press, pp. 240–265.
Prijadi, R. et al. (2020) ‘Financing needs of micro-enterprises along their evolution’, International Journal of Ethics and Systems, 36(2), pp. 263–284. doi: 10.1108/IJOES-05-2018-0071.
Shaban, M., Duygun, M. and Fry, J. (2016) ‘SME’s lending and Islamic finance. Is it a “win-win” situation?’, Economic Modelling. Elsevier B.V., 55, pp. 1–5. doi: 10.1016/j.econmod.2016.01.029.
Thaker, M. T., Kanan, H. and Sakaran, C. (2019) ‘Discussion on Islamic Finance and Small Medium Enterprises’ Financial Accessibility’, Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 11(2), pp. 303–340. doi: 10.15408/aiq.v11i1.7343.
Wardani, B. K. and Pramono, J. (2016) ‘Perbankan Syariah : Alternatif Pendanaan Usaha Mikro, Kecil, Menengah (UMKM)’, Among Makarti, 9(17), pp. 60–78.
Wasiuzzaman, S. et al. (2020) ‘Creditworthiness and access to finance of SMEs in Malaysia: do linkages with large firms matter?’, Journal of Small Business and Enterprise Development, 27(2), pp. 197–217. doi: 10.1108/JSBED-03-2019-0075.
Yussuf, A. (2017) Effect of Islamic Banking on Growth of Small Medium Enterprises in Nairobi: A Case Study of First Community Bank. United States International University-Africa. doi: 10.1080/13648470.2015.1126081.
Published
2021-05-25
How to Cite
MUTOHAROH, Mutoharoh; KIRYANTO, Kiryanto.
Access to Sharia Financing for Micro Enterprises: Case Study of Micro Enterprises in Semarang, Indonesia.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 5, p. 1247-1262, may 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/69379>. Date accessed: 19 apr. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i05.p13.
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