The Role of Islamic Microfinance and Halal Certification in Financing Pekalongan MSME Halal Value Chains
DOI:
https://doi.org/10.28918/sahmiyya.v5i1.04Abstract
Indonesia has significant potential to become a global hub for the halal industry, yet it faces systemic obstacles to MSME-level product standardization. Pekalongan Regency, with its religious community characteristics and strong MSME clusters, serves as a crucial locus for developing an inclusive halal ecosystem. This study aims to analyze the roles of Islamic Microfinance Institutions (IMI) and halal certification bodies, identify field constraints, and formulate an institutional synergy model in halal value chain financing. This qualitative research uses a case study approach and collects data through in-depth interviews with 18 informants, including BMT managers, PPH assistants, and MSME actors. Data analysis was performed using the Miles and Huberman interactive model. Findings indicate that IMI acts as a financial enabler through murabahah and qardhul hasan contracts, while certification bodies act as quality guarantors. However, major obstacles were identified: low administrative literacy, reduced meaning of halal, limited working capital, and weak post-certification assistance. As a solution, this study formulates the Integrated Halal Value Chain Financing Model (IHVCFM), which integrates operational aspects, assistance, and information systems to strengthen the competitiveness of halal.
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