Financial Inclusion Index of Islamic Rural Banks for Micro, Small, and Medium Enterprises (MSMEs) in Sidoarjo Regency

Maulana Malik Abidin

doi:10.59890/ijsas.v4i5.453

Authors

Maulana Malik Abidin Universitas Negeri Surabaya

DOI:

https://doi.org/10.59890/ijsas.v4i5.453

Keywords:

BPRS, financial inclusion, MSMEs, financial inclusion index, Sidoarjo

Abstract

The low level of sharia financial inclusion in the MSME sector poses a challenge in supporting business development, especially thru formal financial institutions such as Sharia BPR. In fact, MSMEs play an important role in the regional economy, including in Sidoarjo Regency. This research aims to: (1) identify the level of access of MSMEs to the infrastructure and financial services of Sharia BPR, (2) identify the availability of Sharia BPR financial products and services relevant to the needs of MSMEs, (3) identify the level of use of Sharia BPR financial products and services by MSMEs, (4) identify the quality of Sharia BPR financial products and services as perceived by MSMEs, and (5) identify the level of financial inclusion index of Sharia BPR among MSMEs in Sidoarjo. This research uses a descriptive quantitative approach with a sample of 61 MSME actors in Sidoarjo selected thru purposive sampling technique. Data were collected thru questionnaires and analyzed using descriptive statistics based on the dimensions of access, availability, usage, and quality. The research results show that: (1) the level of access of MSMEs to BPR Syariah services is in the moderate category, (2) the availability of products and services is still low because the socialization and offering of products are not yet optimal, (3) the level of service usage is in the moderate category but the actual use of financing is still low, (4) the quality of service is rated quite good, especially in the aspect of digital services, and (5) the financial inclusion index of BPR Syariah for MSMEs in Sidoarjo is overall in the medium category.

References

Akmal, H., & Saputra, Y. E. K. A. (2016). Analisis tingkat literasi keuangan. JEBI (Jurnal Ekonomi dan Bisnis Islam), 1(2), 235–244.

Ascarya. (2017). Akad dan produk bank syariah. Jakarta: Rajawali Pers.

Demirgüç-Kunt, A., Klapper, L., Singer, D., Ansar, S., & Hess, J. (2018). The Global Findex Database 2017: Measuring financial inclusion and the fintech revolution. Washington, DC: The World Bank.

Fathurrahman, A., & Fadilla, J. (2019). Peranan perbankan syariah terhadap pengembangan modal usaha mikro, kecil dan menengah (UMKM). Al-Tijary, 5(1), 49–58. https://doi.org/10.21093/at.v5i1.1783

Fathurrahman, A., & Fadilla. (2019). Peran perbankan syariah dalam pengembangan UMKM di Indonesia. Jurnal Ekonomi Islam, 10(2), 145–158.

Febby. (2022). Peran perempuan dalam pengembangan usaha mikro kecil menengah di Indonesia. Jurnal Pemberdayaan Ekonomi Masyarakat, 8(1), 45–56.

Hanim, L., & Noorman. (2018). UMKM (Usaha Mikro, Kecil & Menengah) dan bentuk-bentuk usaha. Semarang: UNISSULA Press.

Hutabarat, F. (2018). Pengaruh literasi keuangan dan financial technology terhadap inklusi keuangan pada masyarakat Jabodetabek. Institut Pertanian Bogor.

Kotler, P., & Keller, K. L. (2016). Marketing management (15th ed.). Pearson Education.

Kusuma, I. N. P. (2019). Pengaruh literasi keuangan terhadap inklusi keuangan melalui financial technology pada UMKM di Bandar Lampung. Jurnal Manajemen Bisnis dan Kewirausahaan, 4(5), 247–252.

Kusumaningtuti, S., & Setiawan, C. (2018). Literasi dan inklusi keuangan Indonesia. Depok: Rajawali Pers.

Lia, M. A., & Nurdin. (2019). Pengaruh layanan keuangan berbasis teknologi (fintech) terhadap literasi keuangan masyarakat Dago Atas, Bandung. Proseding Manajemen, 5(1), 649–656.

Maleha, N. Y. (2018). Hambatan UMKM dalam mengakses pembiayaan pada lembaga keuangan formal. Jurnal Ekonomi dan Bisnis Islam, 4(1), 67–79.

Maleha, N. Y. (2018). Pengembangan usaha mikro kecil menengah (UMKM) berbasis keuangan mikro syariah. Economica Sharia, 1(1), 59–67.

Muttaqin, H. M., Kosim, A. M., & Devi, A. (2020). Peranan perbankan syariah dalam mendorong usaha mikro kecil dan menengah di masa pandemi Covid-19: Studi riset di Bank Syariah Indonesia (BSI) KC Ahmad Yani Kota Bogor. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 3(1), 110–109.

Muttaqin, R., Widodo, S., & Rahmawati, D. (2020). Peran perbankan syariah dalam mendukung pembiayaan UMKM di era digital. Jurnal Keuangan dan Perbankan Syariah, 5(2), 112–126.

Otoritas Jasa Keuangan. (2024). Survei Nasional Literasi dan Inklusi Keuangan (SNLIK) 2024. Jakarta: OJK.

Parasuraman, A., Zeithaml, V. A., & Berry, L. L. (1988). SERVQUAL: A multiple-item scale for measuring consumer perceptions of service quality. Journal of Retailing, 64(1), 12–40.

Pemerintah Republik Indonesia. (2016). Peraturan Presiden Republik Indonesia Nomor 82 Tahun 2016 tentang Strategi Nasional Keuangan Inklusif. Jakarta: Sekretariat Negara.

Peraturan Pemerintah Republik Indonesia. (2021). Peraturan Pemerintah Nomor 7 Tahun 2021 tentang kemudahan, perlindungan, dan pemberdayaan koperasi dan usaha mikro, kecil, dan menengah.

Pulungan, D. R., & Ndruru, A. (2019). Pengaruh literasi keuangan dan modal sosial terhadap inklusi keuangan (Studi kasus pada mahasiswa Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Sumatera Utara). In Seminar Nasional & Call for Paper Seminar Bisnis Magister Manajemen (SAMBIS-2019).

Saleh, S. A. (2021). Teknik analisis data kuantitatif. Jurnal Universitas Negeri Makassar, 1(1), 1–23.

Salim, & Syahrum. (2012). Metodologi penelitian kualitatif. Bandung: Citapustaka Media.

Sarma, M. (2012). Index of financial inclusion – A measure of financial sector inclusiveness. Berlin Working Papers on Money, Finance, Trade and Development, No. 07/2012. Berlin School of Economics and Law.

Suyanto. (2019). Fenomenologi sebagai metode dalam penelitian pertunjukan teater musikal. Jurnal ISI Surakarta, XVI(1), 1–7.

Wiyani, S., & Siboro, Z. (2022). Peran bank syariah dalam membantu UMKM. Shar-E: Jurnal Kajian Ekonomi Hukum Syariah, 8(1), 136–150.

Wiyani, W., & Siboro, I. (2022). Implementasi prinsip syariah dalam pengembangan layanan perbankan bagi UMKM. Jurnal Perbankan Syariah Indonesia, 7(1), 89–103.