Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model Approach
Access to capital for farmers requires the intermediation function of Islamic financing amidst high business risks. The research aims to identify the appropriate construction of Islamic financing products in the agricultural sector to increase access to capital in the agricultural sector in Ind...
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| Format: | Article |
| Language: | English |
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Society for Innovative Agriculture
2025-01-01
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| Series: | Journal of Global Innovations in Agricultural Sciences |
| Online Access: | https://jgiass.com/pdf-reader.php?file=Islamic-Financing-Policy-Scenario-in-the-Agricultural-Sector:-Interpretative-Structural-Model-Approach.pdf&path=issue_papers |
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| _version_ | 1832586311235534848 |
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| author | Muhammad Yasir Yusuf Hafiizh Maulana |
| author_facet | Muhammad Yasir Yusuf Hafiizh Maulana |
| author_sort | Muhammad Yasir Yusuf |
| collection | DOAJ |
| description |
Access to capital for farmers requires the intermediation function of Islamic financing amidst high business risks. The research aims to identify the appropriate construction of Islamic financing products in the agricultural sector to increase access to capital in the agricultural sector in Indonesia. The research method uses the Interpretative Structural Modeling (ISM) Analysis model. The study of Islamic agricultural financing was carried out with 3 structural elements namely purposes, constraints and policy recommendations. The findings of the research results establish 3 policy clusters. First, the construction of a parallel greeting contract model between Islamic Banking, Rice Mills, and Agents in the Warehouse Receipt System scheme. Second, strengthening farmers' access to Islamic financial institutions and adjusting Sharia financial contracts in farming capital at the central and regional levels. Third, Islamic Cooperative microfinance institutions and financial arrangements for Islamic financing in the agricultural sector. This research recommendation provides valuable insights and practical solutions for implementing Islamic financial products with an agribusiness system approach based on feasibility studies of financial arrangements and risk mitigation for agricultural financing. |
| format | Article |
| id | doaj-art-fc604a865fb44de68023ed8b36f1fbc7 |
| institution | Kabale University |
| issn | 2788-4538 2788-4546 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Society for Innovative Agriculture |
| record_format | Article |
| series | Journal of Global Innovations in Agricultural Sciences |
| spelling | doaj-art-fc604a865fb44de68023ed8b36f1fbc72025-01-26T04:44:09ZengSociety for Innovative AgricultureJournal of Global Innovations in Agricultural Sciences2788-45382788-45462025-01-0112913810.22194/JGIAS/25.1451Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model ApproachMuhammad Yasir YusufHafiizh Maulana Access to capital for farmers requires the intermediation function of Islamic financing amidst high business risks. The research aims to identify the appropriate construction of Islamic financing products in the agricultural sector to increase access to capital in the agricultural sector in Indonesia. The research method uses the Interpretative Structural Modeling (ISM) Analysis model. The study of Islamic agricultural financing was carried out with 3 structural elements namely purposes, constraints and policy recommendations. The findings of the research results establish 3 policy clusters. First, the construction of a parallel greeting contract model between Islamic Banking, Rice Mills, and Agents in the Warehouse Receipt System scheme. Second, strengthening farmers' access to Islamic financial institutions and adjusting Sharia financial contracts in farming capital at the central and regional levels. Third, Islamic Cooperative microfinance institutions and financial arrangements for Islamic financing in the agricultural sector. This research recommendation provides valuable insights and practical solutions for implementing Islamic financial products with an agribusiness system approach based on feasibility studies of financial arrangements and risk mitigation for agricultural financing.https://jgiass.com/pdf-reader.php?file=Islamic-Financing-Policy-Scenario-in-the-Agricultural-Sector:-Interpretative-Structural-Model-Approach.pdf&path=issue_papers |
| spellingShingle | Muhammad Yasir Yusuf Hafiizh Maulana Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model Approach Journal of Global Innovations in Agricultural Sciences |
| title | Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model Approach |
| title_full | Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model Approach |
| title_fullStr | Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model Approach |
| title_full_unstemmed | Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model Approach |
| title_short | Islamic Financing Policy Scenario in the Agricultural Sector: Interpretative Structural Model Approach |
| title_sort | islamic financing policy scenario in the agricultural sector interpretative structural model approach |
| url | https://jgiass.com/pdf-reader.php?file=Islamic-Financing-Policy-Scenario-in-the-Agricultural-Sector:-Interpretative-Structural-Model-Approach.pdf&path=issue_papers |
| work_keys_str_mv | AT muhammadyasiryusuf islamicfinancingpolicyscenariointheagriculturalsectorinterpretativestructuralmodelapproach AT hafiizhmaulana islamicfinancingpolicyscenariointheagriculturalsectorinterpretativestructuralmodelapproach |