West Science Journal Economic and Entrepreneurship
Vol. 1 No. 02 (2023): West Science Journal Economic and Entrepreneurship

Development of Sharia-Based Financial Products and Microfinance in Islamic Economy

Ratnawita Ratnawita (STIMA IMMI)
Tanti Widia Nurdiani (Universitas Islam Raden Rahmat)
Loso Judijanto (IPOSS Jakarta, Indonesia)
Ibrahim Mallam Fali (University of Calabar, Nigeria)



Article Info

Publish Date
28 Feb 2023

Abstract

Within the context of Islamic economics, this study examines the dynamic interactions between the growth of microfinance and the creation of financial products based on Sharia. The study used a quantitative research methodology to examine significant variables, including the expansion of financial instruments that comply with Sharia law, the availability of microfinance, and the socioeconomic consequences of these endeavors. The study covers a wide range of Islamic economies and uses statistical methods to evaluate the relationship between the uptake of financial products based on Sharia and the improvement of microfinance services. The results provide quantitative insights into how Islamic finance and microfinance are developing, with implications for future research projects, financial institutions, and regulators.

Copyrights © 2023






Journal Info

Abbrev

wsee

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. ...