Sebelas Maret Business Review
Vol 6, No 2 (2021): December 2021

Islamic Fintech and Indonesian MSMEs during the Pandemic

Vira Amalia Putri (Universitas Sebelas Maret)
Nimas Melenia Mutiara Akbary (Universitas Sebelas Maret)



Article Info

Publish Date
24 Dec 2021

Abstract

The COVID-19 pandemic has had a tremendous impact on Micro, Small, and Medium Enterprises (MSMEs). MSMEs are required to be able to adapt to existing business developments by using technological adaptation. This study aims to investigate Islamic Financial Technology (Islamic Fintech) as the alternative financing for the MSMEs. The use of Islamic Islamic Fintech is considered crucial, looking at the Muslim population in Indonesia. Islamic Fintech is the provision of financial services based on Islamic principles that bring together or connect financiers with financing recipients to carry out financing contracts through an electronic system using the internet network. Islamic Fintech could make financial services cheaper, faster, and easier. The method used in this research is the descriptive analysis method with a qualitative approach. In this paper, we find that Islamic Fintech can play a role in facilitating business actors in obtaining funding based on Islamic principles.

Copyrights © 2021






Journal Info

Abbrev

SMBR

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

SMBR publishes both empirical and non-empirical (contextual, descriptive, case-study) articles emphasizing on the recent business issues nationally or internationally. To cope with the current advancement of publishing world especially in academic journal article, SMBR follows the modern-style of ...