Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Winter Journal: IMWI Student Research Journal

Integration of Musharakah Financing in The Development of MSMES in Developing Countries: Sharia and Sustainable Finance Perspectives Ela, Nur; Rohmat Hidayat, Agus; Dwi Putri Pramesti, Ginna Novarianti
Winter Journal: IMWI Student Research Journal Vol. 6 No. 1 (2025): Winter Journal: IMWI Student Research Journal
Publisher : Institut Manajemen Wiyata Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52851/wt.v6i1.70

Abstract

MSMEs (Micro, Small, and Medium Enterprises) play an essential role in the economies of developing countries. However, they often face difficulties in accessing financing that aligns with sustainable finance and Sharia principles. Musharakah financing, based on the principle of profit sharing, is an alternative that can support the development of MSMEs, particularly in developing countries that prioritize the Sharia economy. This research aims to analyze the integration of musharakah financing in the development of MSMEs in developing countries, as well as evaluate the benefits and challenges related to the application of sharia principles and sustainable finance in this context. This research employs a qualitative approach, utilizing case studies in several developing countries, including Indonesia and Malaysia. Data were collected through interviews with MSME actors, Islamic financial institutions, and relevant government agencies. The analysis was carried out by comparing musharakah financing practices in the MSME sector and their impact on business sustainability. The results of the research indicate that musharakah financing can enhance MSMEs' access to capital in a more equitable and sustainable manner. However, the main challenges include a lack of understanding of Sharia concepts and regulatory barriers that hinder optimal development. Musharakah financing has demonstrated the potential to stimulate local and global economic growth when supported by the right policies.
Co-Authors Abdurokhim Abdurokhim Ades Sugita Adil Barus Agis Ahmad Rodiansjah Agis Ahmad Rodiansjah Agis Ahmad Rodiansjah Ahmad Rodiansjah, Agis Aisyah Nurjanah Aisyah Nurjanah Ajeng Nurmala Sari Al-Amin Aldo Hermaya Aditiya Nur Karsa Aldo Hermaya Aditiya Nur Karsa Amelia Amelia Amelia Amelia Annisa Wibawanthi APRIANI Arif Rohman Hakim Astuti, Aurelia Widya Baharuddin Yusuf Budiwidodo, Sidik Chandrasari, Farika Dwi Putri Pramesti, Ginna Novarianti Ela, Nur Elan Maulani, Isma Fahad Khan Afridi Fahira, Siti Hafsah Fajar Siddiq, Muhammad Farika Chandrasari Feri Hardiyanto Fitriani, Renita Hanipah Hanipah Hardianto, Feri Hardiyanto , Feri Ibnu Ubaidillah, Suwi Imam Mutakin Irwan Rachmiadji Karsa, Aldo Hermaya Aditiya Nur Komarudin Komarudin Lestari, Anisa Ayu Dwi Mahendra, Agus Mohammad Ridwan Mohammad Ridwan Muhamad Zaenal Asikin Muhammad Fajar Siddiq Muhammad Zaenal Asikin Mukhlisin Mukhlisin Mutakin, Imam Najah, Neneng Putri Nendi, Ikhsan Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Saebah Nurjanah, Aisyah Nurmala Sari, Ajeng Nuroh Najmi Oga Laksana, Medika Oksyalia, Dean Otih Yuningsih Oxy Prabowo Prabowo, Oxy Prahitaningtyas, Sherina Pujayanti, Difa Ameliora Putra, Rifky Pratama Rafi Farizki Rani, Vita Raodatul Jannah Rodiansjah, Agis Ahmad Santika, Rani Saona, Saona Savandha, Septien Dwi Septien Dwi Savandha Septien Dwi Savandha Septien Dwi Savandha Sidik Budiwidodo Siti Hapsah Pahira Sri Intan Wulandari Sugita, Ades Suherli, Eli Sukmawati A. Damiti Suntoda, Andi Supandji, Wahyu Suwi Ibnu Ubaidillah Suwi Suwi Suwi, Suwi Syafii, Akhmad Taufik Ridwan Taufik Ridwan, Taufik Vita Rani Wahyuni, Ani Wahyuning Febriyanti Wibawanthi, Annisa Wulandari, Sri Intan