Realising the MSME Islamic financial inclusion in Indonesia: an institutional theory perspective

Saifurrahman, Adi and Kassim, Salina (2020) Realising the MSME Islamic financial inclusion in Indonesia: an institutional theory perspective. In: 8th ASEAN Universities International Conference on Islamic Finance (8th AICIF) 2020, 24th-26th November 2020, Bogor, Indonesia. (Unpublished)

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Abstract

The concept of financial inclusion or exclusion is a complex problem, and it was constructed by several aspects ranging from socio-cultural, psychological, economic, geographical and political issues. Financial inclusion under the conceptualisation of institutional theory highlights the role of institutions in active markets, government, communities and societies in explaining the phenomenon of financial exclusion; emphasising its vital position as a component in influencing the realisation of financial inclusion. By implementing this theory, the main objective of this study is to examine and identify the roles of involved institutions as a critical determining factor to attain Islamic financial inclusion for Micro, Small, and Medium-sized Enterprise (MSME) sector in Indonesia by incorporating the notion of “Institutional Isomorphism” in their operation. This study suggests that by integrating the institutional pressure in the institutional environment of the three involving sectors, namely: Public sector, Islamic financial services providers and MSMEs industry; this system will intensify the chance of the MSMEs sector in embracing Islamic financial inclusion and improve their productivity as well as contribution to Indonesia’s sustainable economy.

Item Type:	Conference or Workshop Item (Slide Presentation)
Additional Information:	4600/87439 Presented via Zoom
Uncontrolled Keywords:	Institutional theory, financial inclusion, Islamic, MSMEs, Indonesia
Subjects:	BPH Islamic Economics H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Prof. Dr. Salina Kassim
Date Deposited:	04 Jan 2021 15:54
Last Modified:	04 Jan 2021 15:54
URI:	http://irep.iium.edu.my/id/eprint/87439

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