ISLAMIC FINANCIAL PLANNING : ALTERNATIVE FOR MSME EXPANSION IN INDONESIA

Abstract

The purpose of this research is how the role of Islamic finance in planning a solution to increase the expansion value of MSMEs in Indonesia. The research methodology used in this study uses a literature study approach that originates from some of the literature that has been done before and also uses some data that has been published by the institutions concerned with complex discussions related to financial management, especially Islamic financial management and also Micro, Small and Medium Enterprises (MSMEs). The emergence of the concept of sharia-based financial planning be an alternative that is able to overcome every problem faced by MSME actors, through Islamic Financial Management many MSME actors find it very helpful in overcoming problems that arise from their finances. The findings obtained through this research are that good financial planning based on sharia concepts is able to provide good stimulation in encouraging the expansion of MSMEs in Indonesia. Literature that is directly related to the topics discussed in this study can be improved in several ways, including using more effective and efficient methods to be able to have a long-term impact. By researching Islamic financial planning, someone will get the best alternative according to their respective versions. This research has practical implications and this research also recommends taking several experiments that are able to support the stimulation of the process of increasing expansion that is happening in Indonesia. Studies related to financial management with sharia principles have their own synergy and are quite complex to discuss, according to the author himself this is quite important to be analyzed and reviewed further in order to be able to dissect vital things that occur in the circulation of Islamic finance as a whole.