Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation

Firman Menne, Batara Surya, Muhammad Yusuf, Seri Suriani, Muhlis Ruslan, Iskandar Iskandar · 2022 · Journal of Open Innovation Technology Market and Complexity

Summary. This study examines how Islamic fintech and business practices improve financial performance and sustainability of small and medium enterprises in Makassar, Indonesia. Researchers surveyed 350 SME operators across 15 districts and found that human resource capacity and business diversification account for 42% of financial performance improvements. Islamic fintech, combined with workforce development, diversification, and productivity measures, explains 66% of business sustainability outcomes. The findings support adopting Islamic finance models to strengthen SME operations.

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@article{menne-2022-optimizing-financial-performance-smes-based,
  title   = {Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation},
  author  = {Firman Menne and Batara Surya and Muhammad Yusuf and Seri Suriani and Muhlis Ruslan and Iskandar Iskandar},
  journal = {Journal of Open Innovation Technology Market and Complexity},
  year    = {2022},
  doi     = {10.3390/joitmc8010018},
  url     = {https://doi.org/10.3390/joitmc8010018}
}

TY  - JOUR
TI  - Optimizing the Financial Performance of SMEs Based on Sharia Economy: Perspective of Economic Business Sustainability and Open Innovation
AU  - Firman Menne
AU  - Batara Surya
AU  - Muhammad Yusuf
AU  - Seri Suriani
AU  - Muhlis Ruslan
AU  - Iskandar Iskandar
JO  - Journal of Open Innovation Technology Market and Complexity
PY  - 2022
DO  - 10.3390/joitmc8010018
UR  - https://doi.org/10.3390/joitmc8010018
ER  - 

Details

DOI

10.3390/joitmc8010018

Countries

Indonesia

Regions

Asia

Categories

entrepreneurship, funding, general-innovation

Added

2026-04-28