- Volume 11, Number 2 (2023)
ANALYZING INDONESIAN MSMES' ACCESS TO ISLAMIC FINANCIAL SERVICES USING INSTITUTIONAL THEORY
Matten D, J Moon
Financial inclusion has been recognized as a crucial element of economic stability and growth, poverty alleviation, and promoting access to formal financial services for all segments of society. This paper explores the concept of financial inclusion from an institutional theory perspective, with a focus on the Indonesian context. It defines the term and highlights the significance of financial inclusion in promoting economic development. It also delves into Islamic financial inclusion, which is based on risk-sharing and wealth redistribution through Shariah-compliant microfinance, small and medium enterprises, and micro-takaful. The study emphasizes the importance of institutions in promoting financial inclusion and their...