Jurnal Ekonomi Pembangunan
Vol. 21 No. 1 (2023): Jurnal Ekonomi Pembangunan

The Effectiveness of Islamic Capital Market Securities in Supporting MSMEs Working Capital Financing

Fera Widyanata (Faculty of Economics, Sriwijaya University, Indonesia)
Ahmad Syathiri (Faculty of Economics, Sriwijaya University, Indonesia)
Nia Meitisari (Faculty of Economics, Sriwijaya University, Indonesia)
Asfeni Nurullah (Faculty of Economics, Sriwijaya University, Indonesia)

Article Info

Publish Date
08 Jul 2023

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.

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Journal Info
Jurnal Ekonomi Pembangunan
Website

Abbrev

jep

Publisher

Universitas Sriwijaya

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi Pembangunan is a peer-reviewed journal that provides a forum for scientific works pertaining to Development Economics. Published twice in a year (June and December). This Journal has p-ISSN 1829-5843, and e-ISSN 2685-0788. This journal was first published since June 2003 by the ...