Evaluation of Awareness and Perception of Islamic Microfinance Institutions and Higher Education Institutions in Indonesia Towards the Implementation of Sharia Governance: Dyad's Perspective

Abstract

Purpose: This study aims to evaluate and compare the awareness and perceptions of Islamic microfinance institutions and higher education institutions in Indonesia related to implementing Sharia Governance. Theoretical framework: Academic and professional institutions can play an important role in promoting awareness and knowledge of Islamic banking and finance. Design/methodology/approach: This study involved two criteria for a sample of respondents: standards from Islamic microfinance institutions, which include Baitul Maal wat Tamwil (BMT) also known as Islamic Microfinance Institutions and Badan Pembiayaan Rakyat Syariah (BPRS) known as Sharia Smallholder Financing Banks in DKI Jakarta province, as well as university students. Descriptive analysis using Likert scale-based questions was used in reviewing evaluations related to this study. The dyad perspective, which includes the view of microfinance institutions and higher education institutions, is needed in research to find out and compare awareness and perceptions between the two research objects related to knowledge about Sharia Governance. Findings: Based on the studies that have been carried out, it can be concluded that there is still a lack of knowledge, information, and insight from students related to the implementation of Sharia governance compared to Microfinance Institutions. Research, Practical & Social implications: We suggest for students to increase the information gap between students. Universities can also review the curriculum related to special courses that explain sharia governance. Originality/value: The research focusing on the dyadic perspectives of the implementation of shariah governance according to Islamic Microfinance Institutions and Higher Education Institutions in Indonesia.