Sharia Venture Capital As Alternative Capital For MSMEs In Indonesia

Asyari Hasan* -  UIN Syarif Hidayatullah Jakarta, Indonesia
Mia Nurkholifah -  UIN Syarif Hidayatullah Jakarta, Indonesia
Raihan Mujadid -  UIN Syarif Hidayatullah Jakarta, Indonesia
Fadli Agustian -  UIN Syarif Hidayatullah Jakarta, Indonesia

DOI : 10.24952/masharif.v9i2.4767

Abstract

 

This study aims to find out how the role or exsitence of Sharia venture capital as an alternative financial institution that provides capital assistance for MSMEs actors in Indonesia. This research is a type of research using qualitative methods with information and data collection techniques through library research and secondary data sources. The results show that the existence of the role of Sharia venture capital as an alternative capital for MSMEs has succeeded in helping MSMEs not only in terms of strengthening capital but also in terms of HR management, with management assistance, increasing product distribution efficiency by utilizing marketing technology and increasing the ability to earn profits. So that the existence of Sharia venture capital becomes an alternative financing for MSMEs in Indonesia. The benefits obtained by MSMEs from sharia venture capital financing are supported by the role of sharia venture capital companies, which of course cannot be obtained from banking institutions.

Keywords
Sharia Venture Capital, Alternative Capital, MSMEs
  1. Ali, Sayuthi. (2002). Metodologi Penelitian Agama Pendekatan Teori dan Praktek Jakarta: Raja Grafindo Persada.
  2. Ghafur, Anshari Abdul. (2008). Penerapan Prinsip Syari’ah dalam Lembaga Keuangan, Lembaga Pembiayaan, dan Perusahaan Pembiayaan, Yogyakarta : Pustaka Pelajar.
  3. Hanafie, Rita. (2010). Pengantar Ekonomi Kerakyatan, Yogyakarta: Andi
  4. Limbong, Bernhard. (2013). Ekonomi Kerakyatan dan Nasionalisme Ekonomi. Jakarta: PT. Dharma Karsa Utama.
  5. Martono. (2009). Bank dan Lembaga Keuangan Lain, Yogyakarta: Ekonisia.
  6. Nurul Huda dan Mohammad Heykal, Lembaga Keuangan Islam: Tinjauan Teoritis dan Praktis.Jakarta: Kencana, 2010
  7. Soehartono, Irwan. (1995). Metode Penelitian Sosial. Bandung: Remaja Rosdakarya.
  8. Suryabrata, S. (1998). Metodologi Penelitian. Jakarta: PT. Raja Grapindo Persada.
  9. Aagard Nielsen, K. and Svensson, L. (2006), Action Research and Interactive Research: Beyond Pratice and Theory, Shaker Verlag, Hamburg, p. 403.
  10. Dinda Amalia, Pengertian, Jenis dan Perkembangan UMKM di Indonesia, Accessed on https://www.jurnal.id/id/blog/pengertian-jenis-danperkembangan-umkm-di-indonesia/
  11. Elsiefy, E. (2014), “Fundamental requirements for building an Islamic venture capital model”, Accounting and Finance Research, Vol. 3 No. 1, p. 55.
  12. Fathonih, A., Anggadwita, G., & Ibraimi, S. (2019). Sharia venture capital as financing alternative of Muslim entrepreneurs. Journal of Enterprising Communities: People and Places in the Global Economy.
  13. Fried, V.H. and Hisrich, R.D. (1992), “The role of the venture capitalist in the management of entrepreneurial enterprises”, Journal of International Business and Entrepreneurship, Vol. 1 No. 1, pp. 75-96.
  14. Hamid, A. (2015). Modal Ventura Syari’ah. Al-MASHARIF, 3(1), 139–154. Retrieved from http://jurnal.iain-padangsidimpuan.ac.id/index.php/Al masharif/article/view/1059
  15. Islam, M. A. (2013). Impact of Inflation on Import: An Empirical Study. International Journal of Economics, Finance and ManagementSciences. https://doi.org/10.11648/j.ijefm.20130106.16
  16. Maryani, D. Peran Perusahaan Modal Ventura Syariah Dalam Mengembangkan UMKM (Studi Pada PT PNM Ventura Syariah).
  17. Muliya, Liya Sukma dan Neni Sri Imaniyati. (2008). Perusahaan Modal Ventura dalam Perspektif Hukum Bisnis dan Hukum Islam. Bandung: Fakultas Hukum UNISBA.
  18. Nurcahyo, E. (2018). Tinjauan Yuridis Terhadap Pembiayaan Modal Ventura Syari'ah Terhadap USAha Mikro Kecil Dan Menengah (UMKM) Dengan Sistem Perhitungan Profit Sharing. Jurnal Hukum Volkgeist, 2(2), 187-202.
  19. Sipayung, G. F., br Tobing, H. E., & Valdi. M. (2020). Modal Ventura sebagai Lembaga Pembiayaan Alternatif bagi UMKM.
  20. Syifa, W. (2019). Pengembangan Pembiayaan Modal Ventura Syariah Sebagai Alternatif Modal Bagi UMKM Dalam Sektor Microfinance Studi Kasus PT. Amanah Ventura Syariah Di Tebet, Jakarta Selatan.
  21. Yusoff, R., & Wilson, R. (2005). An econometric analysis of conventional and Islamic Bank deposits in Malaysia. Review of Islamic Economics.
  22. Kholidah, Nur., Miftahur R., H. (2018). Peluang Dan Tantangan Pengembangan Usaha Mikro Kecil Menengah (UMKM) Dari Berbagai Aspek Ekonomi, https://conference.unikal.ac.id/index.php/semnasbi/semnasbi/paper/viewFile/148/116, Accessed on April 10 2021.
  23. Nurapipah, I. (2017). Tinjauan hukum ekonomi syariah terhadap pembiayaan property di Investama Ventura Syariah Bandung dihubungkan dengan POJK Nomor 35/POJK. 05/2015 (Doctoral dissertation, UIN Sunan Gunung Djati Bandung).
  24. https://mediaindonesia.com/ekonomi/387199/populasi-umkm-besar-namun-kredit-di- perbankan-baru-19 Accessed on April 10 2021

Full Text:
Article Info
Submitted: 2021-12-30
Published: 2021-12-30
Section: Articles
Article Statistics: 331 285
In Vol 9, No 2 (2021)