Abstract
Halal micro and small businesses are a very potential market segment to support Indonesia's target as the world's halal centre. Several studies have reviewed various efforts to increase the potential of halal micro and small businesses including examining the role of Islamic financial institutions as a supporting industry. However, so far no one has comprehensively reviewed how Islamic financial institutions can play a more optimal role in supporting the development of halal micro and small businesses in Indonesia. This research design uses a qualitative research approach by conducting a literature study of 16 Sinta indexed papers that are relevant to the research question. The research continued with interviews with Islamic economists who are lecturers of Islamic Economics in North Sumatra. The results of this study indicate that there are some scenarios for developing the halal industry in the MSME sector in Indonesia through the role of Islamic financial institutions, namely Islamic banking, sharia cooperatives, financial technology, and Islamic social financial institutions
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