Integrated financing model in Islamic microfinance institutions for agriculture and fisheries sector
| Autor: | Edy Yusuf Agung Gunanto, Fatchur Rohman, Purbayu Budi Santosa, Edi Susilo, Aan Zainul Anwar |
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| Rok vydání: | 2019 |
| Předmět: |
Finance
Economics and Econometrics Microfinance Index (economics) business.industry 050204 development studies Strategy and Management 05 social sciences Islam law.invention law Agriculture lcsh:Finance lcsh:HG1-9999 0502 economics and business agriculture finance fisheries finance 050207 economics Business and International Management business Publication rural development financial intermediaries |
| Zdroj: | Investment Management & Financial Innovations, Vol 16, Iss 4, Pp 303-314 (2019) |
| ISSN: | 1812-9358 1810-4967 |
| DOI: | 10.21511/imfi.16(4).2019.26 |
| Popis: | The uniqueness of micro, small and medium enterprises (MSMEs) in the agriculture and fisheries sector has led to thoughts of innovation in the microfinance institutions (MFIs) that serve it. Service innovations in the agriculture and fisheries sector have been carried out in various countries to facilitate the development of this sector. This study aims to analyze the financing model of Islamic microfinance institutions (Islamic MFIs) based on the characteristics of the agriculture and fisheries sectors and the reconstruction of Salam contracts of Islamic financial institutions for farmers and fishermen. The research method used is qualitative descriptive analysis. The data were obtained through in-depth interviews with the agriculture and fisheries businesses in Central Java, Indonesia. The result showed that Salam contract constructed according to the characteristics of the fishing community to alleviate it from the shackles of moneylenders and wholesalers, including Islamic MFIs, farmers, and fishers as members of Islamic MFIs, buyers, Islamic banks and Islamic insurance. The output of this research is that farmers and fishermen can form a community to help one another with financial needs and are managed by Islamic MFIs that work in synergy with fisheries and agriculture companies, as well as an integrated Salam contract application system for Islamic MFIs. |
| Databáze: | OpenAIRE |
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