Relationship Between Macroeconomics Variables with SME Financing on Islamic Banking in Indonesia Irwan Hermawan
Nusa Putra University Jl. Raya Cibolang No.21, Cibolang Kaler, Cisaat, Sukabumi, Indonesia
Abstract
The aim of this paper is examine the Relationship between Macroeconomic Variables with SME Financing in Indonesia, among others Effect of the BI Rate variable on the Growth of SME Islamic Financing, Effect of variable Exchange Rate on Growth of SME Islamic Financing, Influence of the GDP variable on the Growth of SME Islamic Financing. This Research adopts Quantitative approach. The data used in this study is secondary data which is a Time Series Data. The data were collected from Quarterly reporting Financial Service Authority. Relationship between macro variables and the growth of SME Islamic Financing, making macro variables as one indicator that can be used to determine the growth movement of Islamic Banking Financing, the Macro variable includes the BI Rate, Exchange Rate, and GDP. This research expected the development of Islamic economics in Indonesia, especially in the field of Islamic banking sector, by providing additional information to the public about the superiority of the Islamic economic system. This research has important implication for Islamic Banking Sector by informing the influence of Macroeconomic Variable on the Growth of SME Islamic Financing
Keywords: Islamic Banking, Small and Medium Enterprises, Macroeconomic, VAR Analysis
Topic: International Conference of Islamic Economic and Financial Inclusion
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