Indonesian Journal of Advanced Research (IJAR)
Vol. 2 No. 5 (2023): May, 2023

The Role of Islamic Financial Institutions for UMKM During the Covid -19 Pandemic

Hasyim (Universitas Negeri Medan)
Anggrini Manullang (Universitas Negeri Medan)
Rian Pasaribu (Universitas Negeri Medan)
Rizsa Nabillah (Universitas Negeri Medan)



Article Info

Publish Date
01 Jun 2023

Abstract

Bank Syariah Indonesia carries out the bank's function as a place to store and channel funds from the public to assist development in Indonesia. The existence of a bank is also very dependent on public trust. The higher the public trust, the higher the public awareness to save their money in the bank and use other services from the bank. Small and Medium Enterprises (UMKM) are one of the main driving forces in the development of the manufacturing industry. The movement of the UMKM sector is very important to create economic growth and employment. This study aims to determine the role of Islamic banking in UMKM during the Covid-19 pandemic. This study uses a qualitative descriptive method and the data used is primary data. The instrument used in primary data is interviews. From this research it can be seen that People's Business Credit (KUR) encouraged UMKM players during the Covid-19 pandemic, by helping customers who had received disbursement of financing before the pandemic by providing relaxation or relief in paying installments.

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Journal Info

Abbrev

ijar

Publisher

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media

Description

Indonesian Journal of Advanced Research (IJAR) is an open-access and peer-reviewed journal, published by Formosa Publisher, which is mainly intended for the dissemination of research results by researchers, academics, and practitioners in many fields of science and technology. IJAR publishes ...