Development Model of Collaboration between Sharia Microfinance Institutions and Banking Institutions
A Solution to the Scale Gap in Financing for Microenterprises in Indonesia
DOI:
https://doi.org/10.22373/wma4zv39Keywords:
Collaboration, Sharia Microfinance Institution, Scale Gap, MicroenterpriseAbstract
Various laws and regulations as well as Islamic Law have provided a lot of information about the collaboration model in the financial sector, including the issue of scale gaps in the financing of Islamic Microfinance Institutions (MFIs) that are inadequate to support the development of ultra-micro and micro small businesses that are growing in their neighborhoods. This study examines what has not been studied by previous researchers by looking at the collaboration model of Islamic microfinance institutions in Indonesia that have limited capital and service coverage, while Islamic banking institutions are more oriented towards financing middle and upper class business groups. The main questions of this study are what is the collaboration model that can bridge the gap, and how can collaboration in the development of Islamic microfinance institutions be effective and sustainable in supporting microenterprise development in Indonesia? This study aims to identify an effective collaboration model that is able to bridge the gap between SMFIs and Islamic banking institutions in an effort to provide financing that suits the needs of micro businesses in Indonesia, then provide a design of a collaboration strategy that is sustainable and consistent with sharia principles to strengthen the sharia-based microfinance ecosystem. The method of this study is descriptive-exploratory qualitative with data sources are secondary sources of various information from online media, including the study of Sharia economic law on the steps of developing the calobaration. data collection techniques through literature studies by tracing theories, concepts and findings of previous research, as well as information from secondary data sources. Data analysis was carried out data reduction, data presentation and verification and conclusion drawing. The results of the study on the development model of collaboration between SMFIs and Islamic banking in resolving the scale gap have shown a new perspective that complements the current approach. Based on this, it is necessary to modify what has been developed in the form of a productive-independent collaboration theory, where the theory is an effort to minimize the impact of SMFI dependence on Islamic Banks which causes loss of independence. The offer is also balanced with comprehensive cooperation management with justice and benefits for all.
References
Aasen, Marianne, and Ingrid Christensen. 'Lost in Transaction: An Institutional Analysis of Households' Transaction Costs from Demand-Side Grid Management'. Energy Policy 193 (October 1, 2024): 114310. https://doi.org/10.1016/j.enpol.2024.114310.
Abdul Razak, Azila, and Mehmet Asutay. 'Financial Inclusion and Economic Well-Being: Evidence from Islamic Pawnbroking (Ar-Rahn) in Malaysia'. Research in International Business and Finance 59 (January 1, 2022): 101557. https://doi.org/10.1016/j.ribaf.2021.101557.
Adam, Panji. Fatwa-Fatwa of Sharia Economics: Concept, Methodology & Implementation in Islamic Financial Institutions. Amzah, 2022.
Affandi, Yunastiti Purwaningsih, Lukman Hakim, and Tri Mulyaningsih. 'Interplay between Poverty, Poverty Eradication and Sustainable Development: A Semi-Systematic Literature Review'. Global Transitions 7 (January 1, 2025): 1–20. https://doi.org/10.1016/j.glt.2024.11.001.
Afonso, António, José Alves, Krzysztof Beck, and Karen Jackson. 'Financial, Institutional, and Macroeconomic Determinants of Cross-Country Portfolio Equity Flows: The Case of Developed Countries'. Economic Modeling 141 (December 1, 2024): 106902. https://doi.org/10.1016/j.econmod.2024.106902.
Ahmad, Azlin Alisa, Mat Noor Mat Zain, and Nur Diyana Amanina Zakaria. 'The Position of Smart Contracts in the Light of Islamic Contract Theory'. Samarah: Journal of Family Law and Islamic Law 8, no. 1 (January 27, 2024): 144. https://doi.org/10.22373/sjhk.v8i1.16372.
Ahmad, Syedah, Robert Lensink, and Annika Mueller. 'Religion, Social Desirability Bias and Financial Inclusion: Evidence from a List Experiment on Islamic (Micro-)Finance'. Journal of Behavioral and Experimental Finance 38 (1 June 2023): 100795. https://doi.org/10.1016/j.jbef.2023.100795.
Ai, Yongfang, Guanglin Sun, and Tao Kong. 'Digital Finance and Stock Price Crash Risk'. International Review of Economics & Finance 88 (November 1, 2023): 607–19. https://doi.org/10.1016/j.iref.2023.07.003.
Aisbett, Emma, Wyatt Raynal, Ralf Steinhauser, and Bruce Jones. 'International Green Economy Collaborations: Chasing Mutual Gains in the Energy Transition'. Energy Research & Social Science 104 (October 1, 2023): 103249. https://doi.org/10.1016/j.erss.2023.103249.
Alam, Faizan, Meng Tao, Rashmi Rastogi, Aparna Mendiratta, and Rekha Attri. 'Do Social Media Influencers Influence the Vaccination Drive? An Application of Source Credibility Theory and Uses and Gratification Theory'. Technological Forecasting and Social Change 198 (January 1, 2024): 122973. https://doi.org/10.1016/j.techfore.2023.122973.
Alam, Md Kausar, and Muhammad Shahin Miah. 'Do Islamic Banks Use Institutional Theory in the Light of Shariah Governance? Empirical Evidence from a Muslim Dominant Country'. Heliyon 10, no. 2 (January 30, 2024): e24252. https://doi.org/10.1016/j.heliyon.2024.e24252.
Alexandre, Michel, Thiago Christiano Silva, and Benjamin Miranda Tabak. 'The Labor Market Channel of Systemic Risk'. Journal of Economic Dynamics and Control 168 (November 1, 2024): 104976. https://doi.org/10.1016/j.jedc.2024.104976.
al Ishaqi, Akbar Maulana. 'OJK Notes MFIs Face High Bad Credit Problem'. Bisnis.com, November 28, 2024. https://finansial.bisnis.com/read/20241128/89/1819500/ojk-catat-lkm-hadapi-masalah-kredit-macet-tinggi.
Amin, Humera, Mohsin Malik, and Helana Scheepers. 'An Agency Theory Unpacking of How Monitoring and Evaluation Affect International Development Project Impact'. International Journal of Project Management 42, no. 8 (November 1, 2024): 102654. https://doi.org/10.1016/j.ijproman.2024.102654.
Aracil, E., J. Jung, and A. Melguizo. 'Leveraging Fintech Mobile Money to Expand Banks' Financial Services in Developing Countries'. Finance Research Letters 72 (February 1, 2025): 106280. https://doi.org/10.1016/j.frl.2024.106280.
Ayu Purnamawati, I Gusti, Gede Adi Yuniarta, and Ferry Jie. 'Strengthening the Role of Corporate Social Responsibility in the Dimensions of Sustainable Village Economic Development'. Heliyon 9, no. 4 (April 1, 2023): e15115. https://doi.org/10.1016/j.heliyon.2023.e15115.
Ayumiati, Ayumiati, Heru Fahlevi, Muhammad Yasir Yusuf, and Syukriy Abdullah. 'Budget Management of the Aceh Government: An Analysis of the Maqāṣid al-Sharī'ah Approach'. Samarah: Journal of Family Law and Islamic Law 8, no. 1 (April 27, 2024): 538. https://doi.org/10.22373/sjhk.v8i1.19886.
Azmat, Saad, M. Kabir Hassan, Haiqa Ali, and A. S. M. Sohel Azad. 'Religiosity, Neglected Risk and Asset Returns: Theory and Evidence from Islamic Finance Industry'. Journal of International Financial Markets, Institutions and Money 74 (September 1, 2021): 101294. https://doi.org/10.1016/j.intfin.2021.101294.
Bach, Thang Ngoc, Thanh Le, Thang Xuan Nguyen, and Khanh Hoang. 'Gender Discrimination, Social Networks and Access to Informal Finance of Vietnamese Small and Medium Enterprises'. Economic Analysis and Policy 78 (June 1, 2023): 358–72. https://doi.org/10.1016/j.eap.2023.03.017.
Baffo, Ilaria, Marco Leonardi, Vincenzo D'Alberti, and Antonella Petrillo. 'Optimizing Public Investments: A Sustainable Economic, Environmental, and Social Investment Multi-Criteria Decision Model (SEESIM)'. Regional Science Policy & Practice 16, no. 11 (November 1, 2024): 100140. https://doi.org/10.1016/j.rspp.2024.100140.
Bai, Min, Zihang Qiu, and Chia-Feng (Jeffrey) Yu. 'Bond Market Access and Corporate Financing Decisions: Evidence from a Quasi-Natural Experiment'. Finance Research Letters 68 (October 1, 2024): 105993. https://doi.org/10.1016/j.frl.2024.105993.
Bajo, Emanuele, Massimiliano Barbi, and David Hillier. 'Gender Balance in Academia: Evidence from Finance Departments'. International Review of Financial Analysis 96 (November 1, 2024): 103532. https://doi.org/10.1016/j.irfa.2024.103532.
Bao, Yuguang, Xinguo Ming, Zhihua Chen, Tongtong Zhou, and Xianyu Zhang. 'How to Enable Human-Centric Collaboration in Social Product Development Paradigm: A Practical and Theoretical Exploration'. Computers & Industrial Engineering 198 (December 1, 2024): 110632. https://doi.org/10.1016/j.cie.2024.110632.
Barčot, Zoran, Rok Kralj, Mario Kurtanjek, Ivan Petračić, Karlo Tadić, Rado Žic, and Slavica Sović. 'The Association between Improved Standard of Living and Paediatric Burns'. Burns 48, no. 3 (May 1, 2022): 683–87. https://doi.org/10.1016/j.burns.2021.05.015.
Barkat, Karim, Karim Mimouni, Mouyad Alsamara, and Zouhair Mrabet. 'Achieving the Sustainable Development Goals in Developing Countries: The Role of Remittances and the Mediating Effect of Financial Inclusion'. International Review of Economics & Finance 95 (September 1, 2024): 103460. https://doi.org/10.1016/j.iref.2024.103460.
Barnikol, Julian, and Ingo Liefner. 'Serving Society at Large. Operationalization and Evidence of (Advanced) Frugal Innovation in Industrialized Economies'. Technological Forecasting and Social Change 204 (July 1, 2024): 123444. https://doi.org/10.1016/j.techfore.2024.123444.
Basnayake, Dananjani, Athula Naranpanawa, Saroja Selvanathan, and Jayatilleke S. Bandara. 'Financial Inclusion through Digitalization and Economic Growth in Asia-Pacific Countries'. International Review of Financial Analysis 96 (November 1, 2024): 103596. https://doi.org/10.1016/j.irfa.2024.103596.
Beer, Hayley, Holly Chung, Simon J Harrison, Hang Quach, Rebecca Taylor-Marshall, Laura Jones, and Meinir Krishnasamy. 'Listening to What Matters Most: Consumer Endorsed Patient Reported Outcome Measures (PROMs) for Use in Multiple Myeloma Clinical Trials: A Descriptive Exploratory Study'. Clinical Lymphoma Myeloma and Leukemia 23, no. 7 (July 1, 2023): 505-14. https://doi.org/10.1016/j.clml.2023.03.008.
Beresford, Melissa, Alexandra Brewis, Neetu Choudhary, Georgina Drew, Nataly Escobedo Garcia, Dustin Garrick, Mohammed Jobayer Hossain, et al. 'Justice and Moral Economies in "Modular, Adaptive, and Decentralized" (MAD) Water Systems'. Water Security 21 (April 1, 2024): 100148. https://doi.org/10.1016/j.wasec.2023.100148.
Boubaker, Sabri. 'Sustainable Economics and Finance: Is the Sky Bluer than Before?' Economic Modeling 141 (December 1, 2024): 106875. https://doi.org/10.1016/j.econmod.2024.106875.
Burdon, D., T. Potts, S. Barnard, S. J. Boyes, and A. Lannin. 'Linking Natural Capital, Benefits and Beneficiaries: The Role of Participatory Mapping and Logic Chains for Community Engagement'. Environmental Science & Policy 134 (August 1, 2022): 85–99. https://doi.org/10.1016/j.envsci.2022.04.003.
Cabanelas, Pablo, Graham Parkhurst, Nikolas Thomopoulos, and Jesús F. Lampón. 'A Dynamic Capability Evaluation of Emerging Business Models for New Mobility'. Research in Transportation Business & Management 47 (March 1, 2023): 100964. https://doi.org/10.1016/j.rtbm.2023.100964.
Carè, Rosella, Iustina Alina Boitan, Andreea Maria Stoian, and Rabia Fatima. 'Exploring the Landscape of Financial Inclusion through the Lens of Financial Technologies: A Review'. Finance Research Letters 72 (February 1, 2025): 106500. https://doi.org/10.1016/j.frl.2024.106500.
Catala, Belen, Teresa Savall, and Rafael Chaves-Avila. 'From Entrepreneurial and Innovation Ecosystems to the Social Economy Ecosystem'. Journal of Business Research 163 (August 1, 2023): 113932. https://doi.org/10.1016/j.jbusres.2023.113932.
Cheetham, Fiona, and John B. Lever. 'People, Power and Politics: Developing a Public Sector Sharing Economy'. Geoforum 126 (November 1, 2021): 244–52. https://doi.org/10.1016/j.geoforum.2021.08.003.
Cong, Lin William, and Siguang Li. 'Influencer Marketing and Product Competition'. Journal of Economic Theory 220 (September 1, 2024): 105867. https://doi.org/10.1016/j.jet.2024.105867.
Dafri, Wided, and Reema Al-Qaruty. 'Challenges and Opportunities to Enhance Digital Financial Transformation in Crisis Management'. Social Sciences & Humanities Open 8, no. 1 (January 1, 2023): 100662. https://doi.org/10.1016/j.ssaho.2023.100662.
Das, Anutosh, and Sumita Roy. 'The New Institutional Economic Approach to Land Development Game: Integrating Transaction Cost and Efficient Institutional Framework in Synergic Urban Land Use-Transport Development Model'. Heliyon 9, no. 1 (January 1, 2023): e12793. https://doi.org/10.1016/j.heliyon.2022.e12793.
Diah Pranitasari, Diah Pranitasari. 'Book of Conference: The 2nd International Conference, Silatnas, and Long-Life Achievement Awards FORDEBI (INSAF 2)', 2021. http://repository.stei.ac.id/7342/.
Fabbri, Marco. 'Institutional Quality Shapes Cooperation with Out-Group Strangers'. Evolution and Human Behavior 43, no. 1 (1 January 2022): 53–70. https://doi.org/10.1016/j.evolhumbehav.2021.11.003.
Fahmi, Chairul, Peter-Tobias Stoll, Shabarullah Shabarullah, Malahayati Rahman, and Syukri Syukri. 'The State's Business Upon Indigenous Land in Indonesia: A Legacy from Dutch Colonial Regime to Modern Indonesian State'. Samarah: Journal of Family Law and Islamic Law 8, no. 3 (August 24, 2024): 1566. https://doi.org/10.22373/sjhk.v8i3.19992.
Fani, Valentina, Dimitrija Kalanoski, and Olivier Bertrand. 'The Competitive Effects of Financial and Fiscal Institutional Arbitrage Opportunities: Evidence from Cross-Border M&As'. Long Range Planning 56, no. 3 (June 1, 2023): 102324. https://doi.org/10.1016/j.lrp.2023.102324.
Fidrmuc, Jan, Khusrav Gaibulloev, Ali Mirzaei, and Tomoe Moore. 'The Effect of Capital Inflows on the Imports of Capital Goods in Developing Countries'. Journal of Corporate Finance 84 (February 1, 2024): 102531. https://doi.org/10.1016/j.jcorpfin.2023.102531.
Filippou, Ilias, Thomas A. Maurer, Luca Pezzo, and Mark P. Taylor. 'Importance of Transaction Costs for Asset Allocation in Foreign Exchange Markets'. Journal of Financial Economics 159 (September 1, 2024): 103886. https://doi.org/10.1016/j.jfineco.2024.103886.
Fuadi, Fuadi, Siti Sahara, and Meta Suriyani. 'The Implications of Regulating Zakat to Reduce Income Tax and Make It A Source of Local Revenue in Aceh'. Samarah: Journal of Family Law and Islamic Law 8, no. 3 (September 14, 2024): 1763. https://doi.org/10.22373/sjhk.v8i3.24159.
Galiani, Sebastian, Paul Gertler, and Camila Navajas-Ahumada. 'Trust and Saving in Financial Institutions by the Poor'. Journal of Development Economics 159 (November 1, 2022): 102981. https://doi.org/10.1016/j.jdeveco.2022.102981.
Gertler, Paul J., Marco Gonzalez-Navarro, Tadeja Gračner, and Alexander D. Rothenberg. 'Road Maintenance and Local Economic Development: Evidence from Indonesia's Highways'. Journal of Urban Economics 143 (September 1, 2024): 103687. https://doi.org/10.1016/j.jue.2024.103687.
Ghozali, Mohammad, Devid Frastiawan Amir Sup, Ika Prastyaningsih, and Hasanuddin Yusuf Adan. 'The Law Concept of Sharia Banking Compliance on Murabaha Financing in Indonesia'. Samarah: Journal of Family Law and Islamic Law 8, no. 3 (August 24, 2024): 1391. https://doi.org/10.22373/sjhk.v8i3.11313.
Goforth, Teagan, Todd Levin, and Destenie Nock. 'Incorporating Energy Justice and Equity Objectives in Power System Models'. Renewable and Sustainable Energy Reviews 210 (March 1, 2025): 115155. https://doi.org/10.1016/j.rser.2024.115155.
Harrison, Richard, Youwei Li, Samuel A. Vigne, and Yuliang Wu. 'Why Do Small Businesses Have Difficulty in Accessing Bank Financing?' International Review of Financial Analysis 84 (November 1, 2022): 102352. https://doi.org/10.1016/j.irfa.2022.102352.
Harsanto, Bambang Tri, and Wahyuningrat Wahyuningrat. 'Investigating the Keys to the Failure of Inter-Village Government Collaboration in Developing Rural Economic Potentials in Indonesia'. Regional Science Policy & Practice 16, no. 5 (May 1, 2024): 100023. https://doi.org/10.1016/j.rspp.2024.100023.
Haryati, Haryati, and Heri Junaidi. 'Interconnection of Pancasila Economy and Sharia Economic Law in the Post Pandemic Covid-19 Era'. Journal of Intellectualita: Islamic, Social and Science 12, no. 1 (June 23, 2023): 138–44. https://doi.org/10.19109/intelektualita.v12i1.16676.
Hassan, M. Kabir, Hasan Kazak, Uğur Adıgüzel, Mehmet Akif Gunduz, and Ahmet Tayfur Akcan. 'Convergence in Islamic Financial Development: Evidence from Islamic Countries Using the Fourier Panel KPSS Stationarity Test'. Borsa Istanbul Review 23, no. 6 (November 1, 2023): 1289–1302. https://doi.org/10.1016/j.bir.2023.09.006.
Hidayatin, Dina Alafi, Rika Puspita Sari, and Novianita Sari. 'Financial Health Analysis of Sharia Savings and Loan Cooperatives Amid the Covid19 Pandemic'. AKUNESA Accounting Journal 10, no. 3 (May 25, 2022): 55–67. https://doi.org/10.26740/akunesa.v10n3.p55-67.
Hong, Zhaofu, Qiaojun Zhang, Xiaoping Xu, and Zerong Lyu. 'Competition and Cooperation in a Platform-Based Business Ecosystem within Complementary Partners'. International Journal of Production Economics 275 (September 1, 2024): 109337. https://doi.org/10.1016/j.ijpe.2024.109337.
Huang, Ying. 'Government Subsidies and Corporate Disclosure'. Journal of Accounting and Economics 74, no. 1 (August 1, 2022): 101480. https://doi.org/10.1016/j.jacceco.2022.101480.
Huo, Chuanzhi, Weijie Leng, and Yuy Xiang. 'Efficient Natural Resources Management through Financial and Innovative Technologies in Developing Nations from the Lens of Economic Development'. Resources Policy 99 (December 1, 2024): 105401. https://doi.org/10.1016/j.resourpol.2024.105401.
Iddrisu, Abdul Malik, and Michael Danquah. 'The Financial Inclusion Agenda: Examining the Role of Conventional Banks in Deepening Access to Formal Credit'. Economic Systems 48, no. 2 (June 1, 2024): 101202. https://doi.org/10.1016/j.ecosys.2024.101202.
Ishak, Amal Hayati, Siti Nor Amira Mohamad, Siti Khadijah Ab Manan, Muhamad Hasif Yahaya, Wan Naimah Wan Daud, and Dziauddin Sharif. 'The Critical Success Factors of Waqf Land Development for Sustainable Agriculture'. Social Sciences & Humanities Open 11 (January 1, 2025): 101244. https://doi.org/10.1016/j.ssaho.2024.101244.
Jin, Jason Lu, and Liwen Wang. 'Resource Complementarity, Partner Differences, and International Joint Venture Performance'. Journal of Business Research 130 (June 1, 2021): 232–46. https://doi.org/10.1016/j.jbusres.2021.03.037.
Jin, Shuxian, Simon Columbus, Paul A. M. van Lange, and Daniel Balliet. 'Conflict, Cooperation, and Institutional Choice'. Journal of Experimental Social Psychology 111 (March 1, 2024): 104566. https://doi.org/10.1016/j.jesp.2023.104566.
Kahf, Monzer. 'Institutional Structure of the Islamic Economic System'. In Institutional Islamic Economics and Finance. Routledge, 2022.
Karmakar, Snigdha, and Prasun Das. 'An Economic Production Quantity Model with Refurbishment Policy in Dual-Channel Logistics'. Journal of Cleaner Production 377 (December 1, 2022): 134201. https://doi.org/10.1016/j.jclepro.2022.134201.
KEMENKEU. 'Directorate General of Fiscal Balance | DJPK Financial Report FY 2022', June 12, 2024. https://djpk.kemenkeu.go.id/?p=53005.
Khan, Muhammad Atif, Muhammad Asif Khan, Mohammed Arshad Khan, Shahid Hussain, and Veronika Fenyves. 'Justice and Finance: Does Judicial Efficiency Contribute to Financial System Efficiency?' Borsa Istanbul Review 24, no. 2 (March 1, 2024): 248–55. https://doi.org/10.1016/j.bir.2023.12.013.
KNEKS. 'Organizing BMT 4.0 Training in Aceh'. National Committee for Sharia Economics and Finance, 2022. https://kneks.go.id/berita/472/penyelenggaraan-pelatihan-bmt-40-di-aceh?category=1.
Kodongo, Odongo. 'Financial Inclusion Effects of Engaging with the Fintech Ecosystem'. International Review of Economics & Finance 96 (November 1, 2024): 103671. https://doi.org/10.1016/j.iref.2024.103671.
Lima, Tayenne Dias de, Fernando Lezama, João Soares, John F. Franco, and Zita Vale. 'Modern Distribution System Expansion Planning Considering New Market Designs: Review and Future Directions'. Renewable and Sustainable Energy Reviews 202 (September 1, 2024): 114709. https://doi.org/10.1016/j.rser.2024.114709.
Liu, Yi-Chun Carol, Flor M. Munoz, Hector S Izurieta, Arina A Tamborska, Tom Solomon, Barbara J Law, and Nipun Chhabra. 'Anosmia: Brighton Collaboration Case Definition and Guidelines for Data Collection, Analysis, and Presentation of Immunization Safety Data'. Vaccine 41, no. 11 (March 10, 2023): 1902–10. https://doi.org/10.1016/j.vaccine.2022.11.022.
Long, Guoren, Dingyun Duan, Hua Wang, and Shaojian Chen. 'The Impact of Industrial Robots on Low-Carbon Green Performance: Evidence from the Belt and Road Initiative Countries'. Technology in Society 79 (December 1, 2024): 102712. https://doi.org/10.1016/j.techsoc.2024.102712.
Lopera-Arbeláez, Isabel, and Solveig Richter. 'Transformative Approaches for Peace-Centred Sustainable Development: The Role of Social and Solidarity Economy'. World Development Perspectives 34 (June 1, 2024): 100593. https://doi.org/10.1016/j.wdp.2024.100593.
Ma, Hongwei, and Guisheng Hou. 'Study on the Evolution of Collaborative Innovation in Marine Economy Considering the Participation of Financial Institutions and Two Types of Cooperation'. Heliyon 10, no. 4 (February 29, 2024): e26450. https://doi.org/10.1016/j.heliyon.2024.e26450.
Ma, Xuejiao, Xiaojun Ma, Wei Fei, Qichuan Jiang, and Wen Qin. 'Is More Always Better? Investor-Firm Interactions, Market Competition and Innovation Performance of Firms'. Technological Forecasting and Social Change 210 (January 1, 2025): 123856. https://doi.org/10.1016/j.techfore.2024.123856.
Mainata, Dedy, and Angrum Pratiwi. 'Business Feasibility Study of the Establishment of Sharia People's Financing Bank (BPRS) in East Kalimantan'. JESI (Indonesian Journal of Sharia Economics) 10, no. 2 (December 29, 2020): 112. https://doi.org/10.21927/jesi.2020.10(2).112-131.
Mao, Zhaofang, Ruiying Yuan, and Jianan Wang. 'Precision Marketing for Newly-Launched Products: How to Offer Free Trials to Consumers?' Journal of Retailing and Consumer Services 81 (November 1, 2024): 104013. https://doi.org/10.1016/j.jretconser.2024.104013.
Mathur, Shishir, Hilary Nixon, and Shreya Chokshi. 'Predevelopment Revolving Loan Funds to Develop Affordable Housing: Program Features and How They Can Be Strengthened'. Cities 155 (December 1, 2024): 105494. https://doi.org/10.1016/j.cities.2024.105494.
Mawardi, Imron, Muhammad Ubaidillah Al Mustofa, Tika Widiastuti, and Mohammad Ghozali. 'The Influence of Institutional Quality, Economic Freedom, and Technological Development on Islamic Financial Development in OIC Countries'. Journal of Open Innovation: Technology, Markets, and Complexity 10, no. 2 (June 1, 2024): 100279. https://doi.org/10.1016/j.joitmc.2024.100279.
Melina, Ficha. 'MURABAHA FINANCING IN BAITUL MAAL WAT TAMWIL (BMT)'. Tabarru' Journal: Islamic Banking and Finance 3, no. 2 (November 1, 2020): 269–80. https://doi.org/10.25299/jtb.2020.vol3(2).5878.
Meng, Jiayin, Zhen Ye, and Ying Wang. 'Financing and Investing in Sustainable Infrastructure: A Review and Research Agenda'. Sustainable Futures 8 (December 1, 2024): 100312. https://doi.org/10.1016/j.sftr.2024.100312.
Muhajirin, Muhajirin. 'CONSIDERING ISTIHSAN AS A LEGAL ARGUMENT IN MUAMALAH'. Tatar Pasundan: Journal of Religious Education and Training 16, no. 1 (July 4, 2022): 90–102. https://doi.org/10.38075/tp.v16i1.265.
Mukherjee, Pulok Kumar, Bhaskar Das, Pardeep K. Bhardwaj, Soibam Tampha, Huidrom Khelemba Singh, Leimapokpam Demi Chanu, Nanaocha Sharma, and Sarangthem Indira Devi. 'Socio-Economic Sustainability with Circular Economy - An Alternative Approach'. Science of the Total Environment 904 (December 15, 2023): 166630. https://doi.org/10.1016/j.scitotenv.2023.166630.
Murinde, Victor, Efthymios Rizopoulos, and Markos Zachariadis. 'The Impact of the FinTech Revolution on the Future of Banking: Opportunities and Risks'. International Review of Financial Analysis 81 (1 May 2022): 102103. https://doi.org/10.1016/j.irfa.2022.102103.
Nam, Hyun-Jung, Jonathan A. Batten, and Doojin Ryu. 'Do Institutional Quality and Trade Openness Enhance the Role of Financial Openness in Eastern European Financial Development?' Global Finance Journal 64 (March 1, 2025): 101071. https://doi.org/10.1016/j.gfj.2024.101071.
Ngo, Tramy, Dung Le, and Tin Doan. '"Are Your Employees Mentally Prepared for the Pandemic?" Wellbeing-Oriented Human Resource Management Practices in a Developing Country'. International Journal of Hospitality Management 109 (February 1, 2023): 103415. https://doi.org/10.1016/j.ijhm.2022.103415.
Nguyen, Quang Khai. 'Oversight of Bank Risk-Taking by Audit Committees and Sharia Committees: Conventional vs Islamic Banks'. Heliyon 7, no. 8 (August 1, 2021): e07798. https://doi.org/10.1016/j.heliyon.2021.e07798.
Nie, Pu-yan, Chan Wang, and Hong-xing Wen. 'Horizontal Mergers under Uniform Resource Constraints'. Journal of Retailing and Consumer Services 63 (November 1, 2021): 102697. https://doi.org/10.1016/j.jretconser.2021.102697.
Nik Abdul Ghani, Nik Abdul Rahim, and Abdul Rahman A Shukor. 'Deemed Consent in Islamic Banking from Contract Law Perspective: A Sharia Analysis'. Samarah: Journal of Family Law and Islamic Law 8, no. 1 (January 13, 2024): 39. https://doi.org/10.22373/sjhk.v8i1.16305.
Nisa, Chaerani, Vive rita, and Dony Abdul Chalid. 'Impact of Competition on Microfinance Institutions: Bibliometric Analysis and Systematic Literature Review'. Heliyon 8, no. 10 (October 1, 2022): e10749. https://doi.org/10.1016/j.heliyon.2022.e10749.
Nosheen, Misbah, Javed Iqbal, and Shahzad Ahmad. 'Economic Empowerment of Women through Climate Change Mitigation'. Journal of Cleaner Production 421 (October 1, 2023): 138480. https://doi.org/10.1016/j.jclepro.2023.138480.
Nuraeni, Heni Ani, Yusi Rida Alsyaina, and Zulfa Salma Octavia. 'The Importance of Getting to Know the Schools of Fiqh for Muslims in Indonesia'. Al-Afkar, Journal for Islamic Studies 7, no. 4 (2024): 1424–32. https://doi.org/10.31943/afkarjournal.v7i4.1118.
Online, Legal. 'Financial Services Authority Regulation Number 16/POJK.05/2019 of 2019 - Hukumonline Data Center'. hukumonline.com, 2019. https://www.hukumonline.com/pusatdata/detail/lt5d0b4d0e77bc4/peraturan-otoritas-jasa-keuangan-nomor-16-pojk05-2019-tahun-2019/related_regulation/.
Otchere, Isaac, Adam Abdulrahman, and Jun Wang. 'Environmental, Social, and Governance Investing and Sustainability of Pension Funds: Evidence from the Organization for Economic Cooperation and Development Countries'. Economic Modeling 143 (February 1, 2025): 106948. https://doi.org/10.1016/j.econmod.2024.106948.
Palash, Md Salauddin, A. B. M. Mahfuzul Haque, Md Wakilur Rahman, Md Nahiduzzaman, and Akbar Hossain. 'Economic Well-Being Induced Women's Empowerment: Evidence from Coastal Fishing Communities of Bangladesh'. Heliyon 10, no. 7 (April 15, 2024): e28743. https://doi.org/10.1016/j.heliyon.2024.e28743.
Pattnaik, Debidutta, Sougata Ray, and M. Kabir Hassan. 'Microfinance: A Bibliometric Exploration of the Knowledge Landscape'. Heliyon 10, no. 10 (May 30, 2024): e31216. https://doi.org/10.1016/j.heliyon.2024.e31216.
Piñeiro-Chousa, Juan, Aleksandar Šević, and Isaac González-López. 'Impact of Social Metrics in Decentralized Finance'. Journal of Business Research 158 (March 1, 2023): 113673. https://doi.org/10.1016/j.jbusres.2023.113673.
Quigley, Ellen. 'Evidence-Based Climate Impact: A Financial Product Framework'. Energy Research & Social Science 105 (November 1, 2023): 103252. https://doi.org/10.1016/j.erss.2023.103252.
Rahayu, Sri Walny, and Syahrizal Abbas. 'A Synergy of Halal Tourism Regulations and Tourism Rights Protection in Aceh: Pentahelix Model'. Samarah: Journal of Family Law and Islamic Law 8, no. 3 (August 24, 2024): 1454. https://doi.org/10.22373/sjhk.v8i3.23495.
Raleigh, Clionadh, Andrew Linke, Sam Barrett, and Elham Kazemi. 'Climate Finance and Conflict: Adaptation amid Instability'. The Lancet Planetary Health 8, no. 1 (January 1, 2024): e51–60. https://doi.org/10.1016/S2542-5196(23)00256-5.
Rhama, Bhayu. 'Local Communities' and Tourists' Adaptation to Pandemic-Induced Social Disruption: Comparing National Parks and Urban Destinations'. International Journal of Disaster Risk Reduction 82 (November 1, 2022): 103380. https://doi.org/10.1016/j.ijdrr.2022.103380.
Rokan, Mustapa Khamal, and Aida Nur Hasanah. COMPANY LAW Positive and Islamic Law Concepts and Case-Based. Medan: PERDANA PUBLISHING, 2020.
Rönndahl, Christoffer, Petra Bosch-Sijtsema, Rasmus Rempling, and Mats Karlsson. 'Making Sense of Collaboration in Major Infrastructure Construction Projects'. Project Leadership and Society, January 21, 2025, 100178. https://doi.org/10.1016/j.plas.2025.100178.
Sant'Anna, Dário A. L. M., and Paulo N. Figueiredo. 'Fintech Innovation: Is It Beneficial or Detrimental to Financial Inclusion and Financial Stability? A Systematic Literature Review and Research Directions'. Emerging Markets Review 60 (June 1, 2024): 101140. https://doi.org/10.1016/j.ememar.2024.101140.
Sapriza, Horacio, and Judit Temesvary. 'Economic Activity and the Bank Credit Channel'. Journal of Banking & Finance 164 (July 1, 2024): 107216. https://doi.org/10.1016/j.jbankfin.2024.107216.
Sato, Keisuke, Shintaro Katayama, and Atsushi Koike. 'Analysis of Prediction Characteristics of GRP Change by the SCGE Model for the Linkage of Road Development and Regional Industrial Policy'. Transportation Research Procedia, World Conference on Transport Research - WCTR 2023 Montreal July 17-21, 2023, 82 (January 1, 2025): 938–56. https://doi.org/10.1016/j.trpro.2024.12.105.
Saygın Avşar, Tuba, Xiaozhe Yang, and Paula Lorgelly. 'Equity in National Healthcare Economic Evaluation Guidelines: Essential or Extraneous?' Social Science & Medicine 357 (September 1, 2024): 117220. https://doi.org/10.1016/j.socscimed.2024.117220.
Shah, Muhammad Umair, and Ryan Rezai. 'Public-Sector Participation in the Circular Economy: A Stakeholder Relationship Analysis of Economic and Social Factors of the Recycling System'. Journal of Cleaner Production 400 (May 10, 2023): 136700. https://doi.org/10.1016/j.jclepro.2023.136700.
Shao, Junli, Dengrong Wu, and Cheng Jin. 'How Do Financial Inclusion and Education Increase Resource Efficiency?' Resources Policy 85 (August 1, 2023): 104005. https://doi.org/10.1016/j.resourpol.2023.104005.
Siddique, Muhammad Abubakar, and Muhammad Zahid Siddique. 'Intrinsically Irreconcilable: The Case against Running Musharakah as Employed by Islamic Banks'. Borsa Istanbul Review 22, no. 5 (September 1, 2022): 861–72. https://doi.org/10.1016/j.bir.2022.06.003.
Singh, Rashmeet, Deepak Chandrashekar, Bala Subrahmanya Mungila Hillemane, Arun Sukumar, and Vahid Jafari-Sadeghi. 'Network Cooperation and Economic Performance of SMEs: Direct and Mediating Impacts of Innovation and Internationalization'. Journal of Business Research 148 (September 1, 2022): 116–30. https://doi.org/10.1016/j.jbusres.2022.04.032.
Sinyor, Mark, Morton Silverman, Jane Pirkis, and Keith Hawton. 'The Effect of Economic Downturn, Financial Hardship, Unemployment, and Relevant Government Responses on Suicide'. The Lancet Public Health 9, no. 10 (October 1, 2024): e802–6. https://doi.org/10.1016/S2468-2667(24)00152-X.
Soemitra, Andri, Kusmilawaty, and Tri Inda Fadhila Rahma. 'The Role of Micro Waqf Bank in Women's Micro-Business Empowerment through Islamic Social Finance: Mixed-Method Evidence from Mawaridussalam Indonesia'. Economies 10, no. 7 (July 2022): 157. https://doi.org/10.3390/economies10070157.
Song, Lei, Yu Chen, Baofeng Zhang, and Mengxiao Zhu. 'Inventory and Financing Decisions in Cross-Border e-Commerce: The Financing and Information Roles of a Bonded Warehouse'. Expert Systems with Applications 238 (March 15, 2024): 121639. https://doi.org/10.1016/j.eswa.2023.121639.
Suhartanto, Dwi, Christopher Gan, Tomy Andrianto, Tuan Ahmad Tuan Ismail, and Nono Wibisono. 'Holistic Tourist Experience in Halal Tourism Evidence from Indonesian Domestic Tourists'. Tourism Management Perspectives 40 (October 1, 2021): 100884. https://doi.org/10.1016/j.tmp.2021.100884.
Suheriadi. 'Assets of Indonesian Microfinance Institutions Reach Rp 1.64 Trillion', 2024. https://www.fortuneidn.com/finance/suheriadi/aset-lembaga-keuangan-mikro-ri-tembus-rp-1-64-triliun.
Sukmana, Raditya. 'Critical Assessment of Islamic Endowment Funds (Waqf) Literature: Lesson for Government and Future Directions'. Heliyon 6, no. 10 (October 1, 2020): e05074. https://doi.org/10.1016/j.heliyon.2020.e05074.
Sun, Sunny Li, and Hao Liang. 'Globalization and Affordability of Microfinance'. Journal of Business Venturing 36, no. 1 (January 1, 2021): 106065. https://doi.org/10.1016/j.jbusvent.2020.106065.
Sun, Xiangyan, and Xinchi Qu. 'Optimal Strategies for Innovation and Market Allocation in Joint Production'. Computers & Industrial Engineering 193 (July 1, 2024): 110321. https://doi.org/10.1016/j.cie.2024.110321.
Tamasiga, Phemelo, Helen Onyeaka, Moutaz Altaghlibi, Malebogo Bakwena, and El houssin Ouassou. 'Empowering Communities beyond Wires: Renewable Energy Microgrids and the Impacts on Energy Poverty and Socio-Economic Outcomes'. Energy Reports 12 (December 1, 2024): 4475–88. https://doi.org/10.1016/j.egyr.2024.10.026.
Taylor, Daniel, Francis Osei-Tutu, and Isaac S. Awuye. 'The Role of Accounting Standards in Financial Inclusion'. International Review of Financial Analysis 96 (November 1, 2024): 103594. https://doi.org/10.1016/j.irfa.2024.103594.
Tolstykh, Tatyana, Leyla Gamidullaeva, Nadezhda Shmeleva, Sergey Gromov, and Alexander Ermolenko. 'Megapolis as a Symbiosis of Socio-Economic Ecosystems: The Role of Collaboration'. Journal of Open Innovation: Technology, Markets, and Complexity 8, no. 3 (September 1, 2022): 126. https://doi.org/10.3390/joitmc8030126.
Uddin, Md Hamid, Shabiha Akter, Masnun Al Mahi, and Sabur Mollah. 'Why Do Microfinance Institutions Charge Higher Interest Rates than Banks? The Role of Operating Costs'. Finance Research Letters 70 (December 1, 2024): 106319. https://doi.org/10.1016/j.frl.2024.106319.
Wang, Guanghao, Erwann Sbai, Le Wen, and Mingyue Selena Sheng. 'The Impact of Renewable Energy on Extreme Volatility in Wholesale Electricity Prices: Evidence from Organisation for Economic Co-Operation and Development Countries'. Journal of Cleaner Production 484 (December 15, 2024): 144343. https://doi.org/10.1016/j.jclepro.2024.144343.
Wang, Jun, and Xingyu Yan. 'The Role of Trademark Rights Expansion in the Formation and Abuse of Market Power'. International Review of Economics & Finance 95 (September 1, 2024): 103496. https://doi.org/10.1016/j.iref.2024.103496.
Wei, Lei, S. Travis Waller, Yu Mei, Peng Chen, Yunpeng Wang, and Meng Wang. 'A Link-Based Flow Model with Turn-Level Queue Transmission and Time-Varying Free-Flow Speed for Urban Road Networks'. Transportation Research Part C: Emerging Technologies 170 (January 1, 2025): 104937. https://doi.org/10.1016/j.trc.2024.104937.
Widita, Alyas A., Alex M. Lechner, and Dyah T. Widyastuti. 'Spatial Patterns and Drivers of Micro, Small and Medium-Sized Enterprises (MSMEs) within and across Indonesian Cities: Evidence from Highly Granular Data'. Regional Science Policy & Practice 16, no. 11 (November 1, 2024): 100137. https://doi.org/10.1016/j.rspp.2024.100137.
Xiao, Jin, Yuxi Li, Yuhang Tian, Xiaoyi Jiang, Yuan Wang, and Shouyang Wang. 'Optimizing Allocation of Marketing Resources among Offline Channel Retailers: A Bi-Clustering-Based Model'. Journal of Business Research 186 (January 1, 2025): 114914. https://doi.org/10.1016/j.jbusres.2024.114914.
Xie, Ying, YiQing Zhao, YaHui Chen, and Colin Allen. 'Green Construction Supply Chain Management: Integrating Governmental Intervention and Public-Private Partnerships through Ecological Modernization'. Journal of Cleaner Production 331 (January 10, 2022): 129986. https://doi.org/10.1016/j.jclepro.2021.129986.
Xing, Zeyu, Haydar Yalçin, and Tugrul Daim. 'Digital Economy's Influence on R&D Network Configurations: Integrating Resource Dependence Theory and Institutional Theory'. Technovation 137 (September 1, 2024): 103098. https://doi.org/10.1016/j.technovation.2024.103098.
Xu, Bing, Ricardo Costa-Climent, Yanyan Wang, and Yuan Xiao. 'Financial Support for Micro and Small Enterprises: Economic Benefit or Social Responsibility?' Journal of Business Research 115 (July 1, 2020): 266–71. https://doi.org/10.1016/j.jbusres.2020.01.071.
Yan, Han. 'Financial Development, Violence, and Resource Curse: How Mineral Resources Are Contributing towards Growth of Resource-Rich Countries'. Resources Policy 89 (February 1, 2024): 104546. https://doi.org/10.1016/j.resourpol.2023.104546.
Yanagiura, Takeshi, and Shinji Tateishi. 'Local Economic Impact of Small, Non-Research Private Universities: Evidence from Japan'. Economics of Education Review 102 (October 1, 2024): 102576. https://doi.org/10.1016/j.econedurev.2024.102576.
Yao, Jian, and Cunyi Yang. 'Financial Technology and Climate Risks in the Financial Market'. International Review of Financial Analysis 99 (March 1, 2025): 103920. https://doi.org/10.1016/j.irfa.2025.103920.
Yazid, Afthon, and Arif Sugitanata. 'The Complexity and Diversity Methods of Legal Discovery in Islam: In the Perspective of the Ulama of Mazhab al-Arba'ah'. Kawanua International Journal of Multicultural Studies 4, no. 2 (December 31, 2023): 152–64. https://doi.org/10.30984/kijms.v4i2.725.
Yozami, M. Agus. 'OJK Issues Rules Related to MFI Business and Preparation of Securities Company Financial Statements'. hukumonline.com, 2021. https://www.hukumonline.com/berita/a/ojk- issues-rules-related-to-mFI-business-and-preparation-of-securities-company-financial-reports-lt61558f3bd8cd1/.
Zaidi, Syed Anees Haider, Rana Umair Ashraf, and Taimoor Hassan. 'Effects of Globalization and Financial Inclusion on Energy Intensity: The Case of Emerging Economies'. Energy 306 (October 15, 2024): 132380. https://doi.org/10.1016/j.energy.2024.132380.
Zhai, Jun, Siyuan Zhang, and Xuan Yang. 'Financial Subsidies, Digital Finance, and Corporate Industrial Investment Level'. Finance Research Letters 69 (November 1, 2024): 106225. https://doi.org/10.1016/j.frl.2024.106225.
Zhang, Dengjun, Nirosha Hewa Wellalage, and Viviana Fernandez. 'Environmental Assurance, Gender, and Access to Finance: Evidence from SMEs'. International Review of Financial Analysis 83 (October 1, 2022): 102326. https://doi.org/10.1016/j.irfa.2022.102326.
Zhang, Jinjin, Huili Chen, Pengdong Zhang, and Min Jiang. 'Product Market Competition and the Value of Corporate Cash: An Agency Theory Explanation'. International Review of Financial Analysis 84 (November 1, 2022): 102422. https://doi.org/10.1016/j.irfa.2022.102422.
Zhang, Yan, Xiaoyang Wang, and Wenwen Zhang. 'The Impacts of Clan Culture on Private Investment: Financing Substitution and Human Capital Accumulation'. Journal of Asian Economics 97 (April 1, 2025): 101884. https://doi.org/10.1016/j.asieco.2025.101884.
Zheng, Di, Haoyang Yan, Lei Lei, and Pinghua Li. 'Feed-Back Effect or Crowding-Out Effect: The Influence of Financialization on the Main Business Performance of Real Enterprises'. International Review of Economics & Finance, January 16, 2025, 103879. https://doi.org/10.1016/j.iref.2025.103879.
Zhou, Zhiyi, Jing Tong, Haoyang Lu, and Shouyi Luo. 'The Impact of Green Finance and Technology on the Commercial Banks' Profit and Risk'. Finance Research Letters 66 (August 1, 2024): 105715. https://doi.org/10.1016/j.frl.2024.105715.
الله, طارق مكرم, and نظرة بنت أحمد. 'The concept of objective interpretation and its approach according to Muhammad Baqir al-Sadr, an analytical study'. Journal of Islam in Asia (E-ISSN 2289-8077) 19, no. 1 (June 30, 2022): 140–69. https://doi.org/10.31436/jia.v19i1.1089.
Published
Versions
- 2025-07-31 (2)
- 2025-07-31 (1)
Issue
Section
License
Copyright (c) 2025 Heri Junaidi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish in Samarah: Jurnal Hukum Keluarga dan Hukum Islam agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed Attribution-ShareAlike 4.0 International (CC BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work. (See The Effect of Open Acces)
