Green Islamic Fintech Ecosystem (GIFE) Model Based on ESG-Maqasid for Semi-Rural MSME Empowerment in Kuningan Regency, Indonesia in the Perspective of Sustainable Development Goals (SDGs) (iBAF e-Proceedings)
Summary
- The national Islamic financial inclusion index in Indonesia stands at 12.88%, leaving a 62.14-percentage-point gap compared to the 75.02% conventional financial inclusion rate.p.2
- Indonesia's national MSME sector presents a green economy potential of IDR 1,596 trillion by 2030 along with 4 million projected green jobs.p.1
- Kuningan Regency recorded an economic growth rate of 10.41% in Q2 2025, supported by a population of 1.24 million and over 65,000 MSME units.p.2
- Annual GHG emissions from the Indonesian MSME sector reach approximately 216 MtCO₂e, against a national climate finance gap estimated at USD 240 billion until 2030.p.2
- Bank Syariah Indonesia reached total sustainable financing of IDR 72.5 trillion in Q1 2025 and reported a 108% YoY green financing growth rate in Q4 2024.p.7
- Global green sukuk issuances expanded to USD 9.4 billion in 2022, while cumulative sovereign Green Sukuk in Indonesia reached USD 4.8 billion through 2024.p.4
Key insights
- 1. A 62.14-percentage-point gap separates Islamic financial inclusion (12.88%) from conventional financial inclusion (75.02%) in Indonesia.p.2
- 2. The GIFE framework relies on three core pillars: the value pillar (ESMIF), the technology pillar (low-bandwidth digital platform), and the ecosystem pillar (multi-stakeholder network).p.1
- 3. Kuningan Regency achieved a 10.41% economic growth rate in Q2 2025, yet its District Minimum Wage ranks 26th out of 27 regions in West Java at IDR 2,209,519 per month.p.2
- 4. Tofu manufacturing in Kuningan Regency generates baseline emissions ranging from 0.35–0.5 kg CO₂eq per kilogram of product.p.2
- 5. Sustainable management of palm sugar units offers a reduction potential of 19–30 tonnes of CO₂ per business unit annually.p.2
- 6. Assets managed under global ESG criteria grew past USD 40 trillion in 2022.p.3
- 8. Qualitative UTAUT analysis highlights five adoption barrier dimensions: literacy, infrastructure gap, maqasid comprehension, purchasing power, and regulatory complexity.p.8
Topics and entities
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