Fera Widyanata
Faculty of Economics, Sriwijaya University, Indonesia

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The Effectiveness of Islamic Capital Market Securities in Supporting MSMEs Working Capital Financing Fera Widyanata; Ahmad Syathiri; Nia Meitisari; Asfeni Nurullah
Jurnal Ekonomi Pembangunan Vol 21, No 1 (2023): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v21i1.19309

Abstract

This study was undertaken to determine how effective Islamic Capital Market Securities, namely the issuance of subordinated sukuk and others sukuk in Islamic banking, are on the quantity of working capital financing distribution to MSMEs in Indonesia. By using monthly time series secondary data and multiple linear regression analysis techniques, it was found that the issuance of subordinated sukuk and others sukuk had a significant positive effect on increasing the quantity of working capital financing distribution to MSMEs. It can be concluded that the policy of Islamic banking to issue Islamic Capital Market Securities effectively supports the increase in the working capital of MSMEs.
The Effectiveness of Islamic Capital Market Securities in Supporting MSMEs Working Capital Financing Fera Widyanata; Ahmad Syathiri; Nia Meitisari; Asfeni Nurullah
Jurnal Ekonomi Pembangunan Vol. 21 No. 1 (2023): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v21i1.19309

Abstract

This study was undertaken to determine how effective Islamic Capital Market Securities, namely the issuance of subordinated sukuk and others sukuk in Islamic banking, are on the quantity of working capital financing distribution to MSMEs in Indonesia. By using monthly time series secondary data and multiple linear regression analysis techniques, it was found that the issuance of subordinated sukuk and others sukuk had a significant positive effect on increasing the quantity of working capital financing distribution to MSMEs. It can be concluded that the policy of Islamic banking to issue Islamic Capital Market Securities effectively supports the increase in the working capital of MSMEs.