Purpose -This study aims to analyze the factors that influence the inclusiveness of Islamic finance in MSMEs and its impact on their business performance.Methodology -This research uses the quantitative approach through SEM analysis. Data were collected directly from respondents using an online survey questionnaire. Respondents in this study were MSMEs who had interacted with the Islamic Banking with the total sample size of 98 MSMEs owners.Findings -The results of this study show that the socio-cultural and marketing communication variables have a positive and significant impact on Islamic financial inclusion. Meanwhile, Islamic financial literacy has a positive but insignificant impact on Islamic Financial Inclusion. Although financial literacy does not have a significant impact on Islamic financial inclusion, it has a positive and significant impact on the performance of MSMEs. Another result shows that Islamic financial inclusion has a positive and significant impact on the performance of MSMEs in Pekanbaru Originality -Research related to the Islamic Financial Inclusion in the MSMEs in Pekanbaru, Indonesia is very limited. This study will contribute to the existing literature in the area of Islamic Financial Inclusion and the development of MSMEs.

This paper investigates the role of PLS financing and non-PLS financing of Islamic banks in supporting the real sector for the case of Indonesia using monthly data from January 2009 to December 2018. Applying the ARDL approach to model their long-run and short-run relations, we find positive contribution of the PLS financing scheme to Indonesia's economic growth. Comparing the PLS and non-PLS financing, we note that the PLS financing has a larger impact on growth, both in the long run and short run. Accordingly, for Islamic finance to have larger growth impact, concrete steps and initiatives must be put in place to increase Islamic financing based on PLS arrangements.

Purpose The potential of waqf is so great in Indonesia but has not been optimized. This paper aims to offer a model for waqf institutions to adopt financial technology for developing productive and social waqf. The authors cunduct an assesment of the Technology Acceptance Model (TAM3), Unified Theory of Acceptance and Use of Technology (UTAUT2) in seeing to the crowdfunders’ behavior. Design/methodology/approach This study adopted a structural equation using the partial least square approach to test the hypotheses. Based on purposive sampling, the spread of questionnaires through online surveys throughout Indonesia consists of all islands. A total of 297 respondents collected the questionnaires. Findings Based on the findings, acceptance models have a positive and significant impact on the behavioral intentions of crowdfunders, while Unified Theory of Acceptance and Use of Technology have no significant effect. Research limitations/implications The sample of this study involved potential crowdfunders from all over the islands in Indonesia, but these results cannot be generalized because of limitations in terms of the sampling technique used. However, the results of this study can be used as an illustration of how crowdfunders behave in donating money using financial technology. Practical implications The results of this study provide a comprehensive perspective for policymakers, especially the Indonesian Waqf Board as the waqf authority that regulates waqf nazir to improve quality by adopting crowdfunding financial technology in collecting waqf funds. In addition, in terms of implications for the government, this waqf crowdfunding model will reduce spending and increase economic growth. Originality/value To the best of the authors’ knowledge, this paper is the first in looking at the waqf crowdfunding in Indonesia by looking at two reliable technology determinant models. Studies on cash waqf in Indonesia are many, but they do not look at the issue of crowdfunding, which has gained more attention recently. This paper aims to fill this gap, and this becomes the novelty.

The culinary cluster of creative economy in Indonesia has a strong appeal to business actors, so that business growth in the culinary cluster is always above other clusters. But unfortunately, the level of Islamic financial literacy and Islamic financial inclusiveness has not been created properly in this cluster. This study aims to see the relationship between Islamic financial literacy, Islamic financial inclusion and business growth in the culinary cluster of creative economy. The sample in this study was 62 business actors in the culinary cluster. To see this relationship, data were analyzed using the SEM-GeSCA approach. The results of this study indicate that Islamic financial literacy has a positive and significant impact on Islamic financial inclusion and business growth. Other research results also show a positive and significant impact relationship between Islamic financial inclusion and business growth. This result implies that business actors in the culinary cluster must continue to improve Islamic financial literacy and Islamic financial inclusion so that sustainable growth of their business can be created.

The development of halal tourism in Indonesia is the focus of the Indonesian government and MSMEs have an important role in supporting the development of halal tourism in Indonesia. This study aims to examine the relationship between marketing communication and Islamic financial literacy on Islamic financial inclusion and MSME performance in the halal-tourism sector. A covariance-based SEM technique utilizing LISREL software was used to analyze the data from this investigation. Nonprobability sampling was employed to collect the data, and the sample consists of 152 halal-tourism entrepreneurs. This study found a positive and significant association between Islamic financial inclusion and business performance. This study also found that there is a positive and significant association between Islamic financial literacy and Islamic financial inclusion. Marketing communication and Islamic financial inclusion have a positive relationship, but it is insignificant. This study implies that to establish a halal-tourist ecosystem for long-term development in Indonesia, commercial actors must lend their full support. This study demonstrates that they can thrive when MSMEs in the halal-tourist ecosystem are backed by Islamic banking and Islamic rural banks. As a result, a more accommodating approach from Islamic banking is required to provide access to halal finance for business actors in Indonesia’s halal-tourism ecosystem.

Zakat institutions have a very important role in alleviating poverty in a country through various programs that they make. One of the poverty alleviation programs carried out by zakat institutions is mustahik empowerment in the economic field. In socio-cultural and demographic terms, surely every mustahik who participates in the program has differences. By involving 105 respondents from four zakat organizations in Pekanbaru, this study aims to find out whether mustahik demography and socio-cultural have influenced the success of the mustahik empowerment program in alleviating poverty by using a logistic regression approach. In the demographic variables, the finding shows only two from six variables that have an effect on the success in eradicating mustahik poverty, namely the household members and employment status with the odds ratio of each variable of 1,540 and 2,385. The other variables that did not significantly influence were gender, education level, age and location of residence. Meanwhile, for the three socio-cultural variables, the finding is only one variable that affects the success of the empowerment program, namely family culture with an odds ratio of 2,861. Variable society habits and religiosity do not significantly influence. The results of this study have implications for the empowerment program that in carrying out the mustahik empowerment program, zakat institutions must pay attention to socio-cultural and mustahik demographics in order to get maximum results.

This study aims to analyze poverty alleviation and financial inclusion in the mustahik empowerment program in Pekanbaru. The samples involved in this study were 105 people drawn from four organizations of zakat in Pekanbaru. The analytical technique conducted using qualitative descriptive analysis. The results of this study show that the economic empowerment program conducted by zakat institutions in Pekanbaru has succeeded in alleviating the mustahik of the poverty line. Based on the World Bank's poverty line, there are 34.07% of successful out of poverty line. Meanwhile, if using the Government poverty line then there are 60.29% mustahik who managed to get out of the poverty line. However, this empowerment program has not been integrated with the sharia microfinance institutions. Therefore, the empowerment program for mustahik should be integrated with Islamic microfinance to pursue successful financial inclusion for mustahik.

In Pekanbaru, Indonesia, mustahik empowerment has two model approaches for running the mustahik economic empowerment programs,  namely individual empowerment  and groups empowerment. This paper aims to analyze whether two model approach of mustahik empowerment can increase household income and maximize alleviate poverty. To analyze those models, we used qualitative  and statistics non-parametric method. After an investigation, from two models empowerment approach that have been implemented in Pekanbaru, researcher found that mustahik income in groups and individualy relatively same result after getting an empowerment program. This result is confirmed by the non-parametric statistical analysis using the Mann-Whitney test. The statistical test result shows  that the two mustahik empowerment models implemented by zakat institutions in Pekanbaru still did not perform maximally in increasing mustahik household income and poverty alleviation because the result is still below 50 percent by using the World Bank and BAZNAS standard of poverty line. Nevertheless, those models are success to alleviate poverty if use the Government standard of poverty line. This result implies that the zakat institutions to should find another approach to reach the BAZNAS or World Bank standard of poverty line. In Pekanbaru, Indonesia, mustahik empowerment has two model approaches for running the mustahik economic empowerment programs,  namely individual empowerment  and groups empowerment. This paper aims to analyze whether two model approach of mustahik empowerment can increase household income and maximize alleviate poverty. To analyze those models, we used qualitative  and statistics non-parametric method. After an investigation, from two models empowerment approach that have been implemented in Pekanbaru, researcher found that mustahik income in groups and individualy relatively same result after getting an empowerment program. This result is confirmed by the non-parametric statistical analysis using the Mann-Whitney test. The statistical test result shows  that the two mustahik empowerment models implemented by zakat institutions in Pekanbaru still did not perform maximally in increasing mustahik household income and poverty alleviation because the result is still below 50 percent by using the World Bank and BAZNAS standard of poverty line. Nevertheless, those models are success to alleviate poverty if use the Government standard of poverty line. This result implies that the zakat institutions to should find another approach to reach the BAZNAS or World Bank standard of poverty line.