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All Journal FINANCE : International Journal Of Management Finance
Yildiray Idhar el Natsir
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Economics, Econometrics & Finance

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SHARIA VENTURE CAPITAL AS AN ALTERNATIVE SOURCE OF CAPITAL FOR SMEs IN INDONESIA: A CASE STUDY OF PT. PBMT SYARIAH Yildiray Idhar el Natsir; Bagus Panuntun
Finance : International Journal of Management Finance Vol. 2 No. 1 (2024): September
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v2i1.54

Abstract

This study aims to analyze the role of sharia venture capital as an alternative source of capital for Small and Medium Enterprises (SMEs) in Indonesia, with a case study at PT PBMT Syariah. SMEs play an important role in the national economy; however, access to financing remains one of the main obstacles to their business development. sharia venture capital emerges as an innovative solution that adheres to Sharia principles, such as profit-sharing and fairness, without requiring conventional collateral that often hinders SMEs from obtaining capital. This research employs a descriptive qualitative approach with a case study method. Primary data were collected through interviews with key representatives from PT PBMT Syariah and SME entrepreneurs, while secondary data were obtained from annual reports, journals, and related publications. The findings indicate that Sharia venture capital not only provides financial support but also managerial, marketing, and human resource development assistance to SMEs. Furthermore, the profit-sharing scheme applied is more flexible and transparent compared to conventional financing. This study concludes that Sharia venture capital has great potential to become a more inclusive and sustainable funding solution for SMEs in Indonesia. However, challenges such as the low level of understanding about Sharia venture capital among SMEs and internal management limitations need to be addressed through more intensive education and mentoring programs.
Co-Authors Bagus Panuntun