The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia
The study examines the application of agency theory to Baitul Maal wa Tamwil (BMT), an Indonesian Sharia Cooperative, in terms of asset growth and socioeconomic implications. The paper examines BMT's cooperative structure, which complicates the agency relationship and calls into question the re...
Saved in:
Main Authors: | , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Asian Scholars Network
2023
|
Subjects: | |
Online Access: | http://irep.iium.edu.my/110218/7/110218_The%20implication%20of%20agency%20theory%20in%20micro-business.pdf http://irep.iium.edu.my/110218/ https://myjms.mohe.gov.my/index.php/ijaref/article/view/24180/13207 https://doi.org/10.55057/ijaref.2023.5.3.21 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.iium.irep.110218 |
---|---|
record_format |
dspace |
spelling |
my.iium.irep.1102182024-02-20T04:36:03Z http://irep.iium.edu.my/110218/ The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia Martiana, Andri Kassim, Salina Zakariyah, Habeebullah HG Finance HG3368 Islamic Banking and Finance HG3691 Credit The study examines the application of agency theory to Baitul Maal wa Tamwil (BMT), an Indonesian Sharia Cooperative, in terms of asset growth and socioeconomic implications. The paper examines BMT's cooperative structure, which complicates the agency relationship and calls into question the responsibilities of agents and principals to the finance practises of BMTs in Indonesia. However, BMTs continue to encounter agency issues in their real-world situations. They can employ a variety of financing contracts, including Murabaha, Mudaraba Musharakah, and Qardh hasan, however some may have problems. According to the findings, the paradigm of thinking based on Islamic principles should be examined in the context of BMT. Further empirical research on agency difficulties at BMTs in Indonesia can be carried out with the approval of the Ministry of Cooperatives, SMEs, and Finance. Asian Scholars Network 2023-09-30 Article PeerReviewed application/pdf en http://irep.iium.edu.my/110218/7/110218_The%20implication%20of%20agency%20theory%20in%20micro-business.pdf Martiana, Andri and Kassim, Salina and Zakariyah, Habeebullah (2023) The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia. International Journal of Advanced Research in Economics and Finance, 5 (3). pp. 248-256. E-ISSN 268-812X https://myjms.mohe.gov.my/index.php/ijaref/article/view/24180/13207 https://doi.org/10.55057/ijaref.2023.5.3.21 |
institution |
Universiti Islam Antarabangsa Malaysia |
building |
IIUM Library |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
International Islamic University Malaysia |
content_source |
IIUM Repository (IREP) |
url_provider |
http://irep.iium.edu.my/ |
language |
English |
topic |
HG Finance HG3368 Islamic Banking and Finance HG3691 Credit |
spellingShingle |
HG Finance HG3368 Islamic Banking and Finance HG3691 Credit Martiana, Andri Kassim, Salina Zakariyah, Habeebullah The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia |
description |
The study examines the application of agency theory to Baitul Maal wa Tamwil (BMT), an Indonesian Sharia Cooperative, in terms of asset growth and socioeconomic implications. The paper examines BMT's cooperative structure, which complicates the agency relationship and calls into question the responsibilities of agents and principals to the finance practises of BMTs in Indonesia. However, BMTs continue to encounter agency issues in their real-world situations. They can employ a variety of financing contracts, including Murabaha, Mudaraba Musharakah, and Qardh hasan, however some may have problems. According to the findings, the paradigm of thinking based on Islamic principles should be examined in the context of BMT. Further empirical research on agency difficulties at BMTs in Indonesia can be carried out with the approval of the Ministry of Cooperatives, SMEs, and Finance. |
format |
Article |
author |
Martiana, Andri Kassim, Salina Zakariyah, Habeebullah |
author_facet |
Martiana, Andri Kassim, Salina Zakariyah, Habeebullah |
author_sort |
Martiana, Andri |
title |
The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia |
title_short |
The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia |
title_full |
The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia |
title_fullStr |
The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia |
title_full_unstemmed |
The implication of agency theory in micro-business financing of sharia cooperatives in Indonesia |
title_sort |
implication of agency theory in micro-business financing of sharia cooperatives in indonesia |
publisher |
Asian Scholars Network |
publishDate |
2023 |
url |
http://irep.iium.edu.my/110218/7/110218_The%20implication%20of%20agency%20theory%20in%20micro-business.pdf http://irep.iium.edu.my/110218/ https://myjms.mohe.gov.my/index.php/ijaref/article/view/24180/13207 https://doi.org/10.55057/ijaref.2023.5.3.21 |
_version_ |
1792146433747451904 |
score |
13.18916 |