THE EFFECT OF MSME FINANCING OF ISLAMIC COMMERCIAL BANKS AND ISLAMIC RURAL BANKS ON ECONOMIC GROWTH IN INDONESIA
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Aug 31, 2023
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Abstract
Economic growth is one indication to measure the economy in a country. The MSME sector is one of the sectors with a critical role in economic development in Indonesia. One way to support the MSME sector is through financing, especially Islamic bank financing. Islamic Banking in Indonesia is grouped into Islamic Commercial Banks and Islamic Rural Banks. This study aims to determine the relationship between MSME financing of Islamic commercial and rural banks to economic growth in Indonesia. This study used monthly data for the period 2013-2022. The hypothesis testing used in this study is multiple linear regression. This study found that financing Islamic Commercial Banks and Islamic Rural Banks for the MSME sector significantly affects economic growth in Indonesia.
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MUBAROK, Alrojak et al.
THE EFFECT OF MSME FINANCING OF ISLAMIC COMMERCIAL BANKS AND ISLAMIC RURAL BANKS ON ECONOMIC GROWTH IN INDONESIA.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 9, n. 1, p. 67-76, aug. 2023.
ISSN 2541-3333.
Available at: <http://conferences.uin-malang.ac.id/index.php/iconies/article/view/2248>. Date accessed: 02 may 2024.
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References
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Anggraini, M. (2019). Islamic Banking Development and Economic Growth: A Case of Indonesia. Asian Journal of Islamic Management (AJIM), 1(1), 52–64.
Asngari, I. (2014). Pengaruh Pembiayaan Bank Syariah Terhadap Pertumbuhan Ekonomi Indonesia. 630–647.
Astuty, W. (2018). Pengaruh Pembiayaan Syariah Terhadap Pertumbuhan Ekonomi di Sumatera Utara. 2–17.
Boukhatem, J., & Ben Moussa, F. (2018). The Effect of Islamic Banks on GDP Growth: Some Evidence from Selected MENA Countries. Borsa Istanbul Review, 18(3), 231–247. https://doi.org/10.1016/j.bir.2017.11.004
Chamidun, Ali. (2015). Analisis Faktor-Faktor yang Mempengaruhi Minat UMKM Mengajukan Pembiayaan pada Lembaga Keuangan Syari’ah.
Ertiyanti, W. F., & Latifa, F. N. (2022). Peran Bank Syariah Terhadap Pembiayaan UMKM di Masa Pandemi Covid-19. Journal Tabarru: Islamic Banking and Finance.
Ghozali, I. (2011). Aplikasi Analisis Multivariate dengan Program IBM SPSS 19 (5th ed.). Hayati, S. R. (2014). Peran Perbankan Syariah Terhadap Pertumbuhan Ekonomi Indonesia. 4(1), 40–66.
Ishak, K. (2016). The Role of Islamic Finance in Economic Development . Lingnan Journal of Banking, Finance and Economics, 6(6), 131–142.
Kamarudin, A. A., & Kassim, S. (2022). Islamic Banking Sector Development and Economic Growth: Empirical Evidence from Malaysia. International Journal of Economics, Management and Accounting, 30(2), 452–474.
NAZ, S. A., & GULZAR, S. (2022). Impact of Islamic Finance on Economic Growth: An Empirical Analysis of Muslim Countries. The Singapore Economic Review, 67(01), 245–265. https://doi.org/10.1142/S0217590819420062
Nugroho, A., & Alexandi, M. F. (2017). Analisis Pengaruh Kinerja BPRS dan Kondisi Makroekonomi terhadap Penyaluran Pembiayaan Modal Kerja dan Investasi BPRS di Indonesia (Periode: 2011-2015). Al-Muzara’ah, 5(2), 146–167.
OJK. (2022a). Data Perbankan Syariah.
OJK. (2022b). Sejarah Perbankan Syariah. . Www.Ojk.Go.Id.
Prastowo, P. (2018). Pengaruh Pembiayaan Perbankan Syariah terhadap Pertumbuhan Ekonomi: Studi Empiris di 13 Negara. Hayula: Indonesian Journal of Multidisciplinary Islamic Studies, 2(1), 61–76. https://doi.org/10.21009/hayula.002.1.05
Sarfiah, S., Atmaja, H., & Verawati, D. (2019). UMKM Sebagai Pilar Membangun Ekonomi Bangsa. Jurnal REP (Riset Ekonomi Pembangunan), 4(2), 1–189. https://doi.org/10.31002/rep.v4i2.1952
Setiawan, I. (2021). Pembiayaan UMKM, Kinerja Bank Syariah dan Pertumbuhan Ekonomi di Indonesia. ISLAMIC BANKING: Jurnal Pemikiran Dan Pengembangan Perbankan Syariah, 6(2), 1–16.
Susanti, S. Dinda. (2020). OJK Sebut Jumlah Aset BPRS Capai Rp17,29 Triliun sampai April 2022. From www.antaranews.com.
Zachray, E. (2017). Potensi Bank Pembiayaan Rakyat Syariah (BPRS) dalam Meningkatkan Pertumbuhan Ekonomi Indonesia Periode Tahun 2010.