Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South Sumatera
The agricultural sector continues to be the primary driver of rural economies in Indonesia. Despite its vital role, the rural agricultural sector often faces serious challenges in terms of adequate financing. This study examines the implementation of the syirkah agreement as an alternative financing...
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| Format: | Article |
| Language: | English |
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Universitas Airlangga
2023-12-01
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| Series: | Journal of Halal Product and Research |
| Online Access: | https://e-journal.unair.ac.id/JHPR/article/view/50966 |
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| _version_ | 1846119567166799872 |
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| author | Apri Engga Budiyoko Abdulhakim Madiyoh Whisnu Febry Afrianto |
| author_facet | Apri Engga Budiyoko Abdulhakim Madiyoh Whisnu Febry Afrianto |
| author_sort | Apri Engga |
| collection | DOAJ |
| description | The agricultural sector continues to be the primary driver of rural economies in Indonesia. Despite its vital role, the rural agricultural sector often faces serious challenges in terms of adequate financing. This study examines the implementation of the syirkah agreement as an alternative financing model in the agricultural sector to enhance rural economies. Using a phenomenological approach, this research involves in-depth interviews and direct observations regarding the application of the syirkah agreement in financing a rice milling unit managed by the Farmers' Group Association (Gapoktan) in Pandan Village, Tanah Abang District, Penukal Abab Lematang Ilir Regency, South Sumatra. The research findings indicate that the application of the syirkah agreement in agricultural financing has yielded significant positive impacts. It enables farmers to have easier access to capital and necessary resources for productivity enhancement while promoting active farmer participation in their agricultural business decision-making. These results underscore the crucial role of the syirkah agreement in creating a sustainable and inclusive rural economy, in line with the principles of economic justice in sharia law. |
| format | Article |
| id | doaj-art-9b5e37a1b3f444bfbf5c40e50613b0a3 |
| institution | Kabale University |
| issn | 2654-9409 2654-9778 |
| language | English |
| publishDate | 2023-12-01 |
| publisher | Universitas Airlangga |
| record_format | Article |
| series | Journal of Halal Product and Research |
| spelling | doaj-art-9b5e37a1b3f444bfbf5c40e50613b0a32024-12-17T03:30:01ZengUniversitas AirlanggaJournal of Halal Product and Research2654-94092654-97782023-12-016213113710.20473/jhpr.vol.6-issue.2.131-13749124Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South SumateraApri Engga0Budiyoko1Abdulhakim Madiyoh2Whisnu Febry Afrianto3Department of Agriculture, Penukal Abab Lematang Ilir Regency, South Sumatera, IndonesiaFaculty of Agriculture, Jenderal Soedirman UniversityFaculty of Economics and Business Administration, Thaksin University, ThailandEcosystem and Biodiversity (Ecosbio)The agricultural sector continues to be the primary driver of rural economies in Indonesia. Despite its vital role, the rural agricultural sector often faces serious challenges in terms of adequate financing. This study examines the implementation of the syirkah agreement as an alternative financing model in the agricultural sector to enhance rural economies. Using a phenomenological approach, this research involves in-depth interviews and direct observations regarding the application of the syirkah agreement in financing a rice milling unit managed by the Farmers' Group Association (Gapoktan) in Pandan Village, Tanah Abang District, Penukal Abab Lematang Ilir Regency, South Sumatra. The research findings indicate that the application of the syirkah agreement in agricultural financing has yielded significant positive impacts. It enables farmers to have easier access to capital and necessary resources for productivity enhancement while promoting active farmer participation in their agricultural business decision-making. These results underscore the crucial role of the syirkah agreement in creating a sustainable and inclusive rural economy, in line with the principles of economic justice in sharia law.https://e-journal.unair.ac.id/JHPR/article/view/50966 |
| spellingShingle | Apri Engga Budiyoko Abdulhakim Madiyoh Whisnu Febry Afrianto Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South Sumatera Journal of Halal Product and Research |
| title | Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South Sumatera |
| title_full | Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South Sumatera |
| title_fullStr | Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South Sumatera |
| title_full_unstemmed | Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South Sumatera |
| title_short | Implementation of syirkah agreements in agricultural financing for enhancing the rural economy: insights from South Sumatera |
| title_sort | implementation of syirkah agreements in agricultural financing for enhancing the rural economy insights from south sumatera |
| url | https://e-journal.unair.ac.id/JHPR/article/view/50966 |
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