PERCEPTION OF MICROFINANCE PRACTITIONERS AND ACADEMICS ON ISLAMIC MICROFINANCE INSTITUTIONS PERFORMANCE INDICATORS

Abstract

This study aims to determine the design of Islamic microfinance indicators. This study provides input for a more holistic performance assessment. The method used is Focus Group Discussion (FGD). It began with a discussion between research experts to design Islamic indicators to then be FGD with practitioners of Islamic microfinance institution managers and Professors of Islamic Financial Economics. The results of the FGD with practitioners succeeded in adding Islamic indicators for Islamic microfinance institutions in the form of customer awareness of Islamic sharia and indicators for Islamic and social performance through the existence of a sharia council. The results of the FGD with academics succeeded in proposing several forms of deconstruction that need to be considered in determining the indicators of Islamic microfinance institutions, among other aspects of monotheism in performance assessment.