Muhammad Iqbal Fasa
Islamic State University of Yogyakarta

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The Challanges of Islamic Bank for Accelerating the Growth of Micro, Small and Medium Enterprises (MSMEs) in Indonesia Suharto Suharto; Muhammad Iqbal Fasa
Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam Vol 2, No 2 (2017): December 2017
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v2i2.651

Abstract

Islamic banking has a huge role in accelerating the growth of Micro, Small and Medium Entrerprises(MSME)s in Indonesia. The largest Muslim population in Indonesia is one factor for the developmentof MSMEs. This paper explains how the Problems and Challenges of MSMEs in Indonesia;Development of MSMEs in Indonesia; Relationship Between Islamic Bank and MSMEs in Indonesia;The Role of Islamic Bank for Development MSMEs; and The Challanges of Islamic Bank forAccelerating the Growth of MSMEs in Indonesia. The end of this paper, the authors offer solutions toIslamic banking challenges in accelerating the growth of MSMEs such as: First, to improvemudhorobah and musyarakah financing schemes to accelerate and develop MSMEs in Indonesia;Secondly, to reduce the dependence on the use of Murabahah contract products that are consumptiveand targeted middle and upper only, Third, improve the financing scheme Qordhul Hasan contract bycooperating against Islamic social institutions, such as BAZNAS, BAZDA, LAZ, BWI, and Mosque,etc by maximizing the utilization of zakat funds, infaq, alms, waqf which has been only consumptive.Fourth, the cooperation of linkage program to BPRS and BMT so that the funds channeled can bedirected to remote areas and on target. Fifth, coaching, mentoring, and mentoring to BPRS, BMT,MSMEs business practitioners, and Islamic social institutions in order to develop funds that are storedproductively. Sixth, allocate Hajj and umroh investment funds to MSMEs business practitioners.
Islamizing The System of Economy: Solution Toward An Economical Welfare For The Islamic Landscape Muhammad Iqbal Fasa
Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam Vol 2, No 1 (2017): June 2017
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v2i1.601

Abstract

This paper attempts to offer Islamic economic system as the solution of the actualization of theeconomic welfare of ummah. It went from the failure of the capitalist economic system(capitalism) and socialist economic system (socialism) that causes the global crisis, even the fallof a country. The topics in the paper discusses in depth related to the cause of the failure of thecapitalist economic system (capitalism) and socialist economic system (socialism). Next, authorperform related in-depth analysis of the Islamic economic system is concerned withthe construction of the economic system of Islam; comparison of the characteristics of economicactivities that based on Islamic values with non-Islamic-based economic activities; comparingthe capitalist economic system, socialists and Islam; social institution in the Islamic economicsystem as a solution to alleviate poverty; and the implementation of Islamic economicsystem that cause the achievement of the financial system stability.