Sharia Oikonomia Law Journal
Vol. 1 No. 2 (2023)

The Role of Sharia Financial Innovation and Literacy for MSME Actors in Increasing Profitability

Diky Rahmansyah (Universitas Islam Negeri Raden Intan Lampung)
Devita Veronika Saputri (Universitas Islam Negeri Raden Intan Lampung)
Zathu Restie Utami (Universitas Islam Negeri Raden Intan Lampung)
Yuanyuan Wang (Yangon University)



Article Info

Publish Date
06 Aug 2023

Abstract

Micro, Small and Medium Enterprises (MSMEs) have an important role, especially in expanding employment, increasing community income so that they can become drivers of development and economic growth. The slow development of MSMEs is caused by low levels of financial literacy and lack of innovation, causing the welfare of MSMEs or the community to decline. The research method used is a literature review approach to analyze various information and data that are quantitative and qualitative in nature, especially in articles published in national journals. The results showed that the development of innovation and Islamic financial literacy in Indonesia is characterized by three main things, namely; (1) The growth of the Islamic Financial Market along with the growth of Islamic financial institutions in the midst of society, (2) The growing Islamic financial literacy achieved by increasing the knowledge, skills and confidence of the community so that they are able to carry out financial management wisely and efficiently, (3) The development of Islamic financial fintech.

Copyrights © 2023






Journal Info

Abbrev

solj

Publisher

Subject

Description

The Sharia Oikonomia Law Journal explores various aspects of Sharia economic law and the evolving economic challenges. Its primary focus includes the impact of digital transformation on Islamic finance, such as fintech and blockchain, as well as the role of Sharia financial instruments (zakat, waqf, ...