CONTRIBUTION OF BPRS TO ECONOMIC GROWTH
T. Saipul Hadi

Faculty of Economics and Business, Airlangga University
Airlangga Street, No.4 - 6, 60115, Surabaya City, East Java
t.saipul.hadi-2021[at]feb.unair.ac.id

Abstract

The movement of the world economy which is entering a stagflation phase, where the decline in economic growth and rising inflation is a serious threat that must be addressed immediately. The contribution of Sharia People^s Financing Banks (BPRS) to economic growth is still a matter of debate among academics and practitioners. This research tries to investigate the relationship of BPRS to economic growth in East Java. The research approach used is a literature review. The results of this study are that integrated economic growth in the BPRS sector can ensure sustainable economic growth. The results of this study are useful for BPRS and regulators to evaluate the level of financing and financial inclusion on East Java^s economic growth and become a breakthrough and long-term development for East Java^s economic growth.

Keywords: BPRS, Stagflation, Economic Growth.

Topic: Green and blue Islamic Finance