Venture vs Investment, Which Type of Financing was more Demanded by Agriculture, Forestry, and Aquaculture Sector?
- Achmad Nur Iman — Department of Islamic Economy, Faculty of Economic and Business, Universitas Airlangga, Surabay, 60286, Indonesia, Indonesia
- Akhmad Kusuma Wardhana — Department of Islamic Economy, Faculty of Economic and Business, Universitas Airlangga, Surabay, 60286, Indonesia, Indonesia
- Sulistya Rusgianto — Department of Islamic Economy, Faculty of Economic and Business, Universitas Airlangga, Surabay, 60286, Indonesia, Indonesia
- Ririn Tri Ratnasari — Department of Islamic Economy, Faculty of Economic and Business, Universitas Airlangga, Surabay, 60286, Indonesia, Indonesia
- Publication History
- Published online: October 31, 2022
- DOI
- https://doi.org/10.35877/454RI.daengku1116
- Copyright
- Copyright (c) 2022 Achmad Nur Iman, Akhmad Kusuma Wardhana, Sulistya Rusgianto , Ririn Tri Ratnasari
Abstract
COVID-19 creates uncertainty on business. SMEs in Indonesia need to take a loan to survive. Sharia banks could give credit financing based on Islamic law. This study has a purpose to observe if the total value of credit financing issued by sharia bank in Indonesia affects the total financing of agriculture, forestry, and aquaculture sectors. This study uses secondary data taken from ojk.co.id as the sample. The independent variable is credit financing use for capital venture and investment. Dependent variables are the total financing in the agricultural, forestry, and aquaculture sectors. Data is analyzed using the linear regression method. The data of each variable was also tested using a T-test to analyze if there were significant changes during the COVID-19 pandemic. Result showed that financing of capital venture has a moderate impact on the total of credit financing for agriculture and forestry sector, while investment is none. Moreover, the COVID-19 pandemic has no effect in changing the number of credits issued by sharia banks nor credit received by agriculture, forestry, and aquaculture sectors. Sharia bank implemented two pillars of maqashid, which are the protection of life and wealth in issuing credit financing. The total of credit issued by sharia banks in Indonesia affected Agriculture & forestry sectors for capital, but not for investment. Sharia bank implemented two pillars of maqashid, which are the protection of life and wealth in issuing credit financing
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Keywords
Citation
Iman, A. N., Kusuma Wardhana, A., Rusgianto , S., & Ratnasari , R. T. (2022). Venture vs Investment, Which Type of Financing was more Demanded by Agriculture, Forestry, and Aquaculture Sector? . Daengku: Journal of Humanities and Social Sciences Innovation, 2(5), 587–595. https://doi.org/10.35877/454RI.daengku1116
PublishedOctober 31, 2022
Volume2 - 2022
Pages587-595
