Fostering A Creative Economy Ecosystem Through Collaborative Efforts of Three Sectors: An Ism Approach

Abstract

This study aims to support the development of a sustainable creative economy by analyzing and identifying critical elements in the collaboration between creative Micro, Small, and Medium Enterprises (MSMEs), Islamic Microfinance Institutions (SMIs), and Zakat Institutions (ZIs) in Indonesia. This partnership addresses socioeconomic challenges such as community empowerment and poverty reduction through enhanced access to Sharia-based financing, human resource development, and improved partnership networks. Using a mixed-methods approach combining Interpretive Structural Modeling (ISM) and qualitative methods like interviews and direct observation, the findings highlight key drivers of success: government regulations, financial availability, infrastructure, human resource training, innovative product development, and social support. Recommendations include enhancing financial literacy, increasing access to Sharia-based funding, strengthening regulatory frameworks, improving infrastructure, and fostering innovation in MSME products.