OPTIMALISASI PEMBIAYAAN LEMBAGA KEUANGAN SYARIAH BAGI UMKM SEKTOR KULINER DAN AGRIBISNIS LOKAL

Abstract

Micro, Small, and Medium Enterprises (MSMEs) in the local culinary and agribusiness sectors are the backbone of Indonesia's grassroots economy, yet they still face limited access to formal financing that matches their cash-flow characteristics. Islamic Financial Institutions (IFIs) offer profit-sharing, trade-based, and lease-based financing schemes that are conceptually more flexible toward the seasonal cash-flow patterns of culinary and agribusiness MSMEs compared to fixed-interest credit. This article aims to analyze the optimization of Islamic Financial Institution financing for MSMEs in the local culinary and agribusiness sectors in Indonesia. The study employs a descriptive qualitative method with a library research approach, drawing on scientific journals, official reports of the Financial Services Authority (OJK), Islamic bank annual reports, and prior case studies. The findings show that murabahah, mudharabah, musyarakah, salam, istishna', and ijarah contracts can be adapted to the business cycles of culinary and agribusiness enterprises, and that financing programs accompanied by business mentoring have proven effective in increasing MSME actors' income. However, the national share of Islamic banking financing for the MSME segment remains relatively low, at around 17.7 percent of total financial-sector financing for MSMEs, so optimization requires the development of value chain financing products, digitalization of the financing application process, integrated business mentoring, and strengthened Islamic financial literacy among business actors. Synergy among regulators, Islamic financial institutions, local governments, and business actors is recommended to expand inclusive financing access for local culinary and agribusiness MSMEs.