Islamic Macroprudential Policy to Support Staple Agricultural Sector Financing

The study aims to recommend Islamic macroprudential policy instruments to support Indonesia's staple agricultural sector financing. Delphi-ANP analysis method is used to determine the optimal Islamic macroprudential instruments, which result is supported by meta analysis and optimum method findings.The results show that Islamic Agricultural Lending to Sector (IALTS) is the optimal instrument to support agricultural sector financing. According to the ANP and optimum method findings, an Islamic macroprudential instrument should meet three criteria i.e., it should be able to increase financing for the agricultural sector, prevent speculative short term transactions, and internalize systemic risk.