INDEX OF SYARIAH FINANCIAL INCLUSION IN INDONESIA

Azwar Iskandar Umar ()
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Azwar Iskandar Umar: Ministry of Finance of Indonesia

Bulletin of Monetary Economics and Banking, 2017, vol. 20, issue 1, 99-126

Abstract: This paper calculates and analyzes the Index of Syariah Financial Inclusion (ISFI) covering three dimensions; the accessibility, the availability and the usage of Islamic banking services. Using the annual data in province level in Indonesia during the period of 2010-2015, this paper found that the Index of Syariah Financial Inclusion is generally low and Bangka Belitung is the most financially inclusive province of Indonesia. Furthermore, the results show that the Index of Syariah Financial Inclusion is positively correlated with the Human Development Index. This conclusion suggests the promotion of Syariah Financial Inclusion to be a policy priority in Indonesia to achieve the central goals of inclusive growth, welfare and economic development.

Keywords: Financial Inclusion; Syariah; Welfare (search for similar items in EconPapers)
JEL-codes: G21 I14 I32 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:20:y:2017:i:1d:p:99-126

DOI: 10.21098/bemp.v20i1.726

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