Halal MSMEs in Indonesia Should Make use of the Islamic Capital Markets to Raise Funding

Generating funding is usually a key obstacle faced by micro small and medium enterprises (MSMEs), with around 74% of MSMEs in Indonesia still not able to access finance for purposes of business development, according to Taufik Hidayat, Director of Sharia Financial Services Executive Management of the National Islamic Finance Committee (KNEKS).

Speaking at the KNEKS Halal Industry, Financial Services Authority (OJK) and IDX Practical Series Webinar on the 30th of September 2020, Hidayat encouraged MSMEs to take advantage of the Islamic capital market, stating that MSMEs can issue Sukuk, hold an initial public offering, or even go public, in order to raise funds. Hidayat added that regulators support the growth of compani...