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Contact Name
Darmawan
Contact Email
darmawan@uin-suka.ac.id
Phone
+6281215202383
Journal Mail Official
ijif@uin-suka.ac.id
Editorial Address
Gedung FEBI UIN Suka Jl. Laks. Adi Sucipto, Sleman Yogyakarta. Indonesia
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
International Journal of Islamic Finance (IJIF)
ISSN : -     EISSN : 30318068     DOI : https://doi.org/10.14421
Core Subject : Religion, Economy,
International Journal of Islamic Finance (IJIF) is open access, peer-reviewed journal whose objective is to publish original research papers related to Islamic Finance. The studies highlight Islamic Finance issues like Complexity of Shariah Compliance, Lack of Standardization, Limited Product Diversity, Risk Management Challenges, Costs and Profitability, Innovation and Technology, Global Regulatory Framework, Lack of Awareness, Ethical Concerns, Integration with Conventional Finance. Despite these challenges, Islamic finance has been steadily growing and evolving. Efforts are being made to address these issues and promote greater awareness and adoption of Islamic financial principles in both Muslim-majority and non-Muslim-majority countries.
Articles 41 Documents
A Fundamental Transformation of Sustainable Business Model: Roles of Islamic Banking in Accelerating MSMEs Industry Dini Maulana Lestari; Reni Furwanti
International Journal of Islamic Finance Vol. 4 No. 1 (2026): May 2026
Publisher : Department of Islamic Financial Management, Faculty of Economics and Islamic Business, Sunan Kalijaga State Islamic University, Yogyakarta, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/ijif.v4i1.3092

Abstract

Abstract Background: This study analyses the role of Islamic banking in supporting and accelerating MSMEs industry in Indonesia, remembering this industry holds a significant role in sustaining Indonesia’s national economic growth. Nevertheless, several challenges remain steady such as limited access to financial products, lack of financial and digital literacy and so ford making this industry difficult to be agile. Objectives: This study aims to examine and analyse the role of ESG at Islamic banking industry in Indonesia to boost the portion of financing for MSMEs by considering the role of green bond as moderating variable. Novelty: This study tries to examine the ESG performances by integrating it with moderating effect of green bond, remembering that most previous researches only focuse on financial performance of Islamic banking industry to increase its’ contribution for MSMEs agility. Research Methodology / Design: This is explanatory research with quantitative approach and documentation method, employing panel data from 15 Islamic banks registered by Otoritas Jasa Keuangan from 2020-2024 as the main sample, obtaining from annual report. Furthermore, Moderated Regression Analysis (MRA) is used to analyse the data and figure out the most suitable estimation model. Findings: The finding reveals that environmental performance shows negative impact in to increase the amount of financing for MSMEs. However, the other performances such as social and governance show conversely. Implication: The result is expected to shed the light the essential role of ESG and green bonds representing the goals of Indonesia Sustainable Finance Taxonomy to support sustainable finance behavior among Islamic banking industry as financial institution and MSMEs enhancing national economic growth.