Expanding Access to Islamic Finance for SMEs in Indonesia: Creating a Pilot Assessment Tool

Jan 20, 2020

Description of Project:

The objective of this project was to systematically analyze the current status of Islamic financial services in Indonesia and to create a strategy for expanding access for under-served markets, with particular focus on small and medium-sized enterprises (SMEs) as defined by Indonesian standards, through Islamic finance products and services in Indonesia. In addition, the work was intended to create a tool with two interlinked components –
(i) the assessment on access to Islamic finance for SMEs, and
(ii) the strategic framework for expanding access through Islamic finance. The specific tasks performed by e.Gen under this assignment includes –
● Developing a pilot tool for conducting access to Islamic finance assessments and to providing a strategic framework for policy recommendations to improve access to finance through Islamic finance products and services.
● Comprehensive assessment of the Islamic financial markets in Indonesia and the potential for increasing access to finance through Islamic financial institutions, products, and services.
● Designing a strategic framework for improving the Islamic finance environment and institutions to enhance access to finance for SMEs in Indonesia.
● Development of Concrete concepts for the WB to facilitate the creation of a new pilot Islamic financing vehicle to expand access for SMEs based on the assessment tool.
● Organizing dissemination and consultation workshops in Indonesia with the key stakeholders, such as policymakers in the central bank, Ministry of Finance, financial regulatory bodies and market participants, such as banks, insurance companies, and investment funds, and businesses and
business associations.

SECTOR

Finance & Risk

COUNTRY

Indonesia

CLIENT

The World Bank / Government of Indonesia (Ministry of Finance)

TIME PERIOD

2010  2011

Related Projects

Institutionalizing Gender Equality Practices in the Local Government Engineering Departmen...
Consulting Services for Preparation of a “Policy Options Paper” For the “Municip...
Smart Energy System for Mongolia – Feasibility Study on Smart Energy System
Central Asia Regional Economic Cooperation Corridor 3 (Bishkek-Osh Road) Improvement Proje...
Inclusive Micro, Small & Medium Enterprise (MSME) Development Project – Institution...
Operationalizing the URU in RAJUK – Component C1
Chittagong Strategic Urban Transport Master Plan
Third Capital Market Development Program
Business Process Review, Re-Engineering and Development of Online Government Services
Capacity Development for Renewable Energy Investment Programming and Implementation &#821...
Green Power Development and Energy Efficiency Improvement Investment Program
Consulting Services for Urban Building Safety Project
Feasibility Study and Project Proposal Development Solid Waste Management Scheme, Cox Baza...
Power Transmission Enhancement Investment Program II
Preparing the SASEC Railway Connectivity Investment Program
Capacity Development of the Department of Land Records and Surveys and Modernization of Ca...
Organizational Structure Study and Development of IT System for the NWPGCL and Bheramara 4...
Tax Administration Capacity and Taxpayer Services (TACTS)
Impact of SEDF’s Intervention in the Development of Software Industry of Bangladesh
Preparing the South Asia Subregional Economic Cooperation (SASEC) Information Highway Proj...
Support for Development of Public Sector use of ICT under Economic Management and Technica...
Sector study on Software Development Sector
Development & Customization of Web-based Financial Management System (FMS)
Survey on IT Education Sector in Bangladesh
Consulting Services for Collection and Upload of Data and Implementation of National Trade...
System Loss Reduction of Titas Gas Transmission and Distribution Company Limited
Conducting Impact Evaluation Study of Fortification of Edible Oil in Bangladesh
Preparing Coastal Towns Infrastructure Improvement – Consulting Firm (44212-012)
ESIA, ESMP Study of a 75MW Power Plant and Quality Standards Gap Analysis Study
Power Transmission Enhancement Investment Program II – Project Preparation for MFF and T...
Amin Bazar-Maowa-Mongla 400KV double circuit transmission line and 400/230KV substation at...
Feasibility Study for the Project “Modernization of Power Distribution – Smart Grids P...
Institutional Capacity Assessment Study of Department of Explosives with Detailed Job Desc...
Tariff Reform Study and Preparation of Electricity Tariff for Consumers of Palli Bidyut Sa...
Financial Sector Project for the Development of Small and Medium Enterprise (FSPDSME)
Enhancing Efficiency Of The Capital Market
Preparing SME Project Profiles on Potential Products in the Agro Processing, Light Enginee...
Impact Evaluation Study of the Investment Promotion & Financing Facility Project (IPF...
Procurement Audit of IDCOL’s Partner Organizations (POs)
INSPIRED- Technical Assistance to support the Bangladeshi Bank Training Institution, Bangl...
Disaster Risk Management and Institutional Strengthening (DRMIS)
Climate Friendly Agribusiness Value Chains Sector Project (CFAVC) – CS2
Climate-Resilient Rice Commercialization Sector Development Program – Feasibility study ...
Technical and Vocational Education and Training Sector Development Program
Second Upper Secondary Education Development Project
Policy and Planning for Skills Development in Secondary Education
Energy Access and Efficiency Improvement Project II
Palm Oil Industry Supply Chain Development Program
Equipping Youth for Employment (EYE) Project – Project Implementation Consulting Service...
Upper Secondary Education Sector Development Program – USESDP-CS-01 Project Implementati...