Implementasi Layanan Fintech Syariah Dalam Meningkatkan Akses Pembiayaan UMKM: Studi Kasus Kabupaten Padang Pariaman

Abstract

This study discusses the implementation of sharia fintech services in increasing access to financing for MSMEs in Padang Pariaman Regency amidst limited capital, low financial literacy, and the complexity of conventional financing procedures. The novelty of the study lies in the analysis of the integration of sharia principles with digital technology in the context of semi-rural MSMEs and the direct experiences of users of sharia fintech services. The study uses a descriptive qualitative approach with data collection techniques including in-depth interviews, field observations, and documentation. Twelve research informants were selected purposively based on their direct involvement in the use and management of sharia fintech services. The informants consisted of seven MSMEs who had used sharia fintech services for at least one year, three representatives of sharia fintech platforms actively channeling financing to MSMEs in West Sumatra, and two officials from the Cooperatives and MSMEs Office of Padang Pariaman Regency who were involved in micro-enterprise empowerment programs. Data analysis was conducted using the interactive model of Miles and Huberman through the stages of data reduction, data presentation, and conclusion drawing. While data validity was tested through source and technique triangulation. The research findings show that Islamic fintech can improve access to financing for MSMEs through fast digital processes, simple requirements, and flexible services. User trust is built through Sharia compliance, margin transparency, and the presence of a Sharia Supervisory Board. However, low digital literacy and a limited understanding of contracts remain major barriers to service utilization. This study concludes that Islamic fintech has the potential to expand financial inclusion for MSMEs if supported by digital education, strengthening Sharia contract literacy, adequate technological infrastructure, and synergy between local governments and Islamic fintech service providers.