Baitul Maal Wat Tamwil Research Articles

Social Financial Inclusion of Digital Based and Cooperation to Increase Competitiveness in Baitul Maal Wat Tamwil

This research is aimed to find out the Social Financial Inclusion of Digital-based and Cooperation in Baitul Maal Wat Tamwil (multisite study of BMT UGT Nusantara Pasuruan and BMT NU Ngasem Bojonegoro). This research used descriptive qualitative method. Data analysis used in this research was done by collecting data sources through profound interview, observation, and the Internet, social media of BMT UGT Nusantara Pasuruan and BMT NU Ngasem Bojonegoro. The technic of analyzing qualitative data in this research was done gradually through data colleting, data reduction, data display, and conclusion. The finding showed that digital implementation of both BMT is done by using social media and promotion, submission and responsibility for social financial management. The cooperation program was also done by both BMT in order that the social financial can be inclusive. The cooperation concepts that was done by both BMT were; cooperation with inter-BMT sector, cooperation with off-BMT institutions, and cooperation with local organizations or communities. The result showed that the inclusion of digital-based social financial and cooperation in this research is able to increase the competitiveness of BMT.

Inovasi Pembiayaan Mudharabah Linked Waqf

Micro, Small and Medium Enterprises (MSMEs) are buying and selling activities and providing services to the community with the aim of making a profit, but the empowerment of MSMEs is not due to the fact that there are still many obstacles, such as the difficulty for MSMEs to obtain financing facilities from financial institutions, so they are forced to take out loans from loan sharks whose interest rates are high and suffocating. thus causing businesses to go out of business, to overcome this problem MSMEs need Islamic financial institutions with a profit sharing scheme, namely mudharabah contracts or financing/investments which are usually mudharabah products found in Islamic Cooperatives, Indonesian Sharia Bank (BSI), Baitul Maal Wat Tamwil (BMT). The Indonesian Muslim Entrepreneurs Community (KPMI) and the Syirkah Bersama Cooperative (KSBB) are both working together to create a new innovation in the form of Mudharabah Linked Waqf which optimizes and manages cash waqf funds in an organized manner so that it is hoped that it can help MSMEs to develop further.

Optimalisasi Peran KSPPS BMT Beringharjo KCP Dolopo dalam Meminimalisir Praktek Rentenir di Masyarakat

Baitul Maal wat Tamwil (BMT) is a microfinance institution that operates on Sharia principles/profit sharing, which has the aim of being able to grow micro-enterprises in order to elevate the degree and dignity and defend the interests of the poor. The research method used in this research is a qualitative method with a descriptive descriptive approach. With data collection techniques in the form of interviews and using descriptive qualitative analysis techniques. The conclusion of this study shows. The conclusions from this study show that optimizing the role of KSPPS BMT Beringharjo in minimizing the practice of moneylenders in the community is in accordance with Sudarsono's theory, but still needs improvement in efforts to distance the community from non-sharia economic practices such as providing outreach to the community.

Penerapan Manajemen Risiko Pembiayaan dalam Meningkatkan Profitabilitas

Baitul Maal wat Tamwil (BMT) has an intermediary function. BMT is also tasked with collecting funds from the community and returning it to the community in the form of funds. Procurement of funds for sales entails risks, so funding risk management is required to minimize the occurrence of risks that lead to losses. The study uses a qualitative approach with a kind of case study study, using methods of interviews, observations and documentation to obtain the desired data. Collected data is analyzed by reducing data, presenting data and drawing conclusions. Here are the results of this study: (1) BMT performs her two phases of risk management before the risk occurs and risk management when the risk occurs. (2) The above application by BMT is evidenced by the yearly increase in income.

Analisis Tarik-Menarik Otoritas Pengawasan Baitul Maal Wat-Tamwil (BMT) antara Kementerian Koperasi dan Otoritas Jasa Keuangan

BMT (Baitul Maal-wat-Tamwil) is one type of financial institution regulated by the OJK or the Financial Services Authority, whose job is to regulate licensing, training and supervision. This rule was made based on Article 6 of the Financial Services Jurisdiction Law No. 21 of 2011, which authorize OJK to regulate, monitor, and administer licensing procedures for all financial services sector. As a legal issues have been regulated, although they do not play a significant role in their oversight. OJK acts as supervisory agency for the country’s financial service industry, creating an integrated regulatory and supervisory structure for all operations in the financial services sector. Law no. 1 of 2013 authorized. Article 5 paragraph 2 POJK No. 12/POJK.05/2014 confirms this. The author’s research approach is literature study. The legality of BMTs has not chaged, and many BMTs still prefer the legal cooperative form. This has consequences in the form that BMT is governed by rules governing cooperatives, particularly Law No. 25 of 1992.

Mekanisme Penghimpunan Wakaf Uang Pada Koperasi Simpan Pinjam dan Pembiayaan Syariah Baitul Maal Wattamwil

The Baitul Maal Wattamwil (BMT) Al-Amanah Situraja Sumedang Savings and Loans and Sharia Financing Cooperative (KSPPS) is a Sharia Cooperative that has the authority to collect zakat, infaq, shadaqah and waqf funds, including cash waqf. In order to finance and carry out empowerment through cash waqf, KSPPS BMT Al-Amanah Situraja Sumedang is actively engaged in collecting cash waqf so that the cash waqf empowerment program is in order to achieve prosperity for members and the community. The purpose of this study is to find out the mechanism for collecting cash waqf KSPPS BMT Al-Amanah Situraja Sumedang. The research method used is descriptive analysis with a qualitative approach through observation of the object studied, as well as interviews with informants to be able to describe the collection of cash waqf at KSPPS BMT Al-Amanah Situraja Sumedang. Based on the results of an analysis of the mechanism for collecting cash waqf funds at KSPPS BMT Al-Amanah Situraja Sumedang, this was carried out by conducting intensive outreach to members and the public, both directly and through social media. Through this program, waqif candidates are interested in making cash waqf at KSPPS BMT Al-Amanah Situraja Sumedang with a cash waqf payment system or by installments through various installments.

Behavioral Accounting Review For Non-Performing Customer Reporting : Case Baitul Maal Wattamwil

The challenge of BMT development is the elevated Non-Performing Financing (NPF) level. This study aims to investigate how BMT addresses this NPF challenge by utilizing interview techniques and conducting content analysis through qualitative methods, all from a behavioral accounting perspective. The specific BMT under examination operates within the West Java region. The research findings reveal that measures have been taken to prevent the occurrence of high Non-Performing Loans (NPLs), and the roles played by BMT's management and accountants in reporting have been instrumental, particularly in decision-making. The NPF Customer reporting is a form of BMT management responsibility to stakeholders. An intriguing discovery is that BMT must effectively leverage its social functions to mitigate the risk of high NPF.

The Role of Baitul Maal wat Tamwil in Empowering Msmes in Indonesia: a Study of Indonesian Islamic Microfinance Institutions

Purpose: This study aims to determine the problems in Baitul Maal Wat Tamwil (BMT) in empowering the economy of the ummah in Indonesia. Theoretical framework: The main topics discussed are the concept and systematics of Baitul Maal Wa Tamwil, the role of BMT in the economic empowerment of MSMEs and people experiencing poverty, and the problems BMT faces. Design/methodology/approach: This study uses a descriptive qualitative method that conveys data verbally and emphasizes contextual issues. Data were obtained from 24 BMT managers spread across East Java. Findings: The results of this study confirm that there are various problems perceived by BMT, including a lack of understanding of sharia economics owned by managers, DPS and members, limited capital, low participation of the general public, BMT regulations, existence, weak entrepreneurship skills of members, lack of sense of ownership of BMT presence, and implementation techniques and management that are not optimal. Research, Practical & Social implications: This research contributes to classifying the problems that are currently occurring in several BMTs in East Java so that evaluations in several sectors can be identified that must be improved in order to optimize the role of the BMT in helping marginal communities to be free from poverty. Originality/value: This research classifies the problems of BMT in Indonesia, not only discussing it from an economic perspective but this research also discussing BMT regulations.

PERSPEKTIF EKONOMI ISLAM TERHADAP PENETAPAN NISBAH BAGI HASIL TABUNGAN UMUM SYARIAH DI BMT UGT NUSANTARA CAPEM NUSA DUA KEDONGANAN BADUNG BALI

Since the time of Rasulullah SAW, the economy of Muslims has been carried out with contracts that are in accordance with sharia and have become a tradition. Islamic economics is a social science that studies the economic problems of society based on Islamic values. The instrument used to apply sharia principles in the financial sector is the Baitul Maal wat Tamwil (BMT). One of them is BMT UGT Nusantara Sub Branch Nusa Dua. In sharia savings at BMT UGT Nusantara Sub Branch Nusa Dua, the percentages are set from BMT, but the process for taking profit sharing ratios is not explained, so it is not known whether the profit sharing has been fair or not. Based on this phenomenon, the focus of research is how to determine the profit sharing ratio for sharia savings at BMT UGT Nusantara Sub Branch Nusa Dua? and what is the review from the perspective of Islamic economics?. In this study, researchers used a type of qualitative research. Data collection are observation, interview and documentation. There are three procedures in data analysis techniques, they are: data reduction, data presentation and data verification. Determination of profit-sharing ratios for sharia savings using a akad musyarakah with a profit sharing of 70% for BMT and 30% for members. The nominal amount of profit-sharing rupiah for each member will differ depending on the length and amount of money kept at the BMT. The Islamic economic perspective on determining profit sharing ratios through musyarakah contracts in BMT is in accordance with Islamic economic principles because it has been fair.

THE ROLE OF BAITUL MAAL WAT TAMWIL (BMT) TO IMPROVE THE COMMUNITY'S ECONOMY

Baitul Maal Wat Tamwil (BMT) has an important role in realizing the economic improvement of the community. But not all people know the special part of BMT. So many people prefer to go to the bank. The purpose of this paper is to find out the role of BMT and the impact caused by the presence of BMT. This writing uses the literature review method with a data collection method using books and previous articles. The results of this paper show that the role of BMT is to make people switch to Sharia transaction activities. Meanwhile, the impact caused by the presence of BMT is to make it easier to develop micro / small businesses that need funds for their business.

Restrukturisasi pembiayaan pada baitul maal wattamwil dilihat dari perspektif maqashidussyariah

This study was conducted to elaborate further on the restructuring policy carried out by the management of Baitul Maal Wattamwil (BMT) for financing customers who experience Non Performing Financing (NPF) problems due to the impact of Covid 19 Viewed from the Perspective of Maqashidussyariah. This study is a library research using a qualitative descriptive method, where researchers describe data on the impact of Covid 19 on the financing problems of BMT customers which are responded to with a restructuring policy linked to maqashidussyariah. The results of this study state that the restructuring policy is a primary need (dharuriyyah) which can be categorized as an effort to maintain the assets (Hifdzh Al-Maal) of depositors and maintain the honor (Hifdzh Al-‘Irdh) of financing customers. It can be concluded that this is very closely related to the professionalism of the manager and by maintaining the principle of caution and entering the category of maintaining the honor (Hifdzh 'Irdh) of financing customers because the honor of a believer is an obligation for other Muslims.

How do Baitul Maal Wat Tamwil empower Micro, Small and Medium Enterprises amidst COVID-19 pandemic? A case of Indonesia

During the COVID-19 pandemic, Baitul Maal Wat Tamwil (BMT) in Sukoharjo, a region of Indonesia is consistently contributing to the empowerment of Micro, Small and Medium Enterprises (MSMEs). Hence, how the BMT empowers the MSMEs is a worthy attribute to explore. The current study delves into an in-depth exploration on the strategies and policy innovations carried out by the BMTs as well as to analyse the impact or influence caused by the existence of these strategies. The method used in this research is field research with a qualitative approach. Data collection techniques were carried out through observation with interviews with various related parties. The results showed that the empowerment strategy carried out by BMT Dana Mulia and BMT Makmur Mandiri was by implementing a restructuring policy in an effort to maintain the stability of the institution's operations. Meanwhile, BMT Bina Ummah Sejahtera has tightened risk mitigation by making efforts to be more careful in conducting financing and deposit transactions, using online media and the three BMTs providing business assistance. The influences that arise with this strategy are providing ease of capital assistance during the COVID-19 pandemic, assisting business development of MSMEs, minimizing the risks faced by MSMEs, and encouraging the spirit of MSMEs in marketing their businesses.

PERANAN ZAKAT, INFAK, SEDEKAH DALAM PENGEMBANGAN USAHA KECIL PADA OPERASIONAL BAITUL MAAL WAT TAMWIL

The Role of Zakat, Infak, and Sadaqah in the Development of Small Businesses in Baitul Maal Wat Tamwil (BMT) Operations. The rise of small businesses that support the community's economy is central to poverty alleviation. What plays a role when small businesses are the main issue of community-based economic solutions related to the Islamic religion through baitul mal wat tamwil. The method used to build this research is a literature review by collecting several reliable sources. As well as combining with various phenomena that occur in society. The phenomenon in society is that Baitul Maal Wat Tamwil is an economic institution that promotes saving activities and provides financing to small entrepreneurs. In addition, BMT is also equipped with Baitul Maal activities which are more social in nature. The joining of these two activities is very much needed in empowering the poor. In its operations, BMT implements the sharia system. Meanwhile, in theory Baitul Maal Wat Tamwil, which is abbreviated as BMT, is a supporting institution to improve the quality of small business entrepreneurs based on the sharia system. BMT can and should be used as a business partner for various small entrepreneurs in developing their business, because the partnership pattern is a practical form of a congregational way of carrying out all muamalah matters.

Evaluation of Awareness and Perception of Islamic Microfinance Institutions and Higher Education Institutions in Indonesia Towards the Implementation of Sharia Governance: Dyad's Perspective

Purpose: This study aims to evaluate and compare the awareness and perceptions of Islamic microfinance institutions and higher education institutions in Indonesia related to implementing Sharia Governance. Theoretical framework: Academic and professional institutions can play an important role in promoting awareness and knowledge of Islamic banking and finance. Design/methodology/approach: This study involved two criteria for a sample of respondents: standards from Islamic microfinance institutions, which include Baitul Maal wat Tamwil (BMT) also known as Islamic Microfinance Institutions and Badan Pembiayaan Rakyat Syariah (BPRS) known as Sharia Smallholder Financing Banks in DKI Jakarta province, as well as university students. Descriptive analysis using Likert scale-based questions was used in reviewing evaluations related to this study. The dyad perspective, which includes the view of microfinance institutions and higher education institutions, is needed in research to find out and compare awareness and perceptions between the two research objects related to knowledge about Sharia Governance. Findings: Based on the studies that have been carried out, it can be concluded that there is still a lack of knowledge, information, and insight from students related to the implementation of Sharia governance compared to Microfinance Institutions. Research, Practical & Social implications: We suggest for students to increase the information gap between students. Universities can also review the curriculum related to special courses that explain sharia governance. Originality/value: The research focusing on the dyadic perspectives of the implementation of shariah governance according to Islamic Microfinance Institutions and Higher Education Institutions in Indonesia.

Developing cash waqf models for Baitul Maal wat Tamwil as integrated Islamic social and commercial microfinance

PurposeThis study aims to develop cash waqf models for Baitul Maal wat Tamwil (BMT), a special Islamic microfinance institution in Indonesia, combining Islamic social finance in Baitul Maal (house of wealth) division and Islamic commercial finance in Baitut Tamwil (house of asset development) division, as integrated Islamic social and commercial microfinance in Indonesia, to achieve triple bottom-line, including outreach, sustainability and welfare impact.Design/methodology/approachThis study uses Delphi and analytic network process methods, with three groups of relevant respondents, including experts (academic), BMT practitioners and regulators.FindingsThe results show that the best cash waqf model for BMT is “BMT as Nazir (waqf manager) and also as cash waqf receiver Lembaga Keuangan Syariah Penerima Wakaf Uang (LKSPWU)”, followed by “BMT Association as representative Nazir of several certified BMTs”. Moreover, “long-term investment deposit” is the best to account cash waqf in the BMT balance sheet. With regard to financing, the most preferred one is “financing to regular Micro and Small Enterprises” of BMT members.Research limitations/implicationsHaving allowed BMT to be Nazir (waqf manager), this research might only benefit Indonesian policymakers, such as the Financial Services Authority and the Ministry of Cooperatives, BMTs and the National Waqf Board. But it may also benefit other countries which have similar characteristics.Practical implicationsBMTs could adopt several alternatives of best models in managing cash waqf most appropriate for their specific conditions.Social implicationsThe management of cash waqf by BMT could help the social activities of the Baitul Maal through social cash waqf and, indirectly, by productive cash waqf.Originality/valueStudies have been limited, and to the best of the authors’ knowledge, there is no specific study discussing the integrated cash waqf model, cash waqf account and cash waqf investment appropriate for BMT.

Penerapan Prinsip 5C Pada Resiko Pembiayaan Murabahah Di BMT Istiqomah Tulungagung dan BMT Pahlawan Tulungagung

This research is motivated by the development of Islamic microfinance institutions called Baitul Maal wat Tamwil. The 5C principle in BMT Istiqomah and BMT Pahlawan are used to anticipate the risk of problematic financing in the future. The problems that often occur in BMT Istiqomah and BMT Pahlawan are almost similar, namely the character of members or prospective members who are not honest. Based on this background, researchers are interested in conducting research with the title "Implementation of Character, Capital, Collateral, Capacity, and Condition Principles in the Risk of Murabaha Financing in Baitul Maal Wat Tamwil Istiqomah with Baitul Maal Wat Tamwil Pahlawan Tulungagung". This research is a field research. The number of informants from this study were 3 BMT Istiqomah employees and 5 BMT Pahlawan employees. Methods of data collection by observation, interviews, and documentation. Analysis of the data is descriptive analysis. The results of this study are the implementation of the 5C principle in Istiqomah BMT and Pahlawan BMT both using the 5C principle. But in the implementation of the principle of character is preferred in analyzing murabaha financing, the next principle is guarantee and ability. This is because BMT Istiqomah and BMT Pahlawan both do not have the ability to continue to monitor all financing that has been acc. So that the principle of character is preferred. But other principles are also considered important so that all 5C principles are still used in Istiqomah BMT and Pahlawan BMT.

The Effect of Syariah Financing Savings and Loan Cooperative to Improving Micro, Small and Medium Enterprises

National development is a sustainable development effort in the context of realizing a just and prosperous society. To achieve this goal, the government undertakes development in various fields, one of which is economic and financial development. In this economic and financial sector, one of the sectors that plays an important role and has a strategic position in the context of realizing national goals is the banking sector. One of the very rapid economic growths is the Cooperative or Baitul Maal Wat Tamwil (BMT) or the Integrated Independent Business Center is an informal microfinance institution that is operated on the principle of profit sharing, fosters micro and small business businesses, in order to raise the degree and dignity and defend the interests of the poor. The development of BMT in Indonesia began with the establishment of Bank Muamalat Indonesia (BMI) in 1992, which in practice BMI in its operational activities are based on Sharia values. The BMT or Cooperative which is the subject of this research is KSPPS NURI which is located at Jl. Gate 170 Pamekasan. KSPPS NURI has a wide range of products. Namely financing products and savings products. The focus of this research is the influence of KSPPS NURI in increasing micro-enterprises in the village of Blumbungan. Based on the background above, the main problems in this study are: first, how far does the Blumbangan residents know about KSPPS NURI, and second, how is the Effect of KSPPS NURI in developing Micro Enterprises in Blumbungan Village, Kec. District Larangan. East Java, Indonesia. The method used is a quantitative approach. Quantitative methods are basically scientific characteristics to obtain data with certain goals and uses. Based on the result by Cronbach's Alpha Reliability Level, it can be concluded that the Correlation Interval value is greater than 0.600 (medium interval value). This shows that the questionnaire is stated to be very strong based on the total value of the interval on the questionnaire 0.853 0.600. based on the Validity Test, it is known that item 1 gets a score of 0.704, item 3 gets 0.694 using a significance test of 0.05 or an r-table significance value of 0.632, meaning that item 1 and item 3 are declared valid because the r-count value is greater than the r-table. Furthermore, on item P2 a score of 0.766 was obtained, P4 a score of 0.898 and P5 a score of 0.905 using the r-table significance test of 0.765, meaning that items P2, P4 and P5 were declared valid because the r-count value was greater than r-table. Based on the results of interviews and questionnaires found by the researchers, it can be concluded that the presence of KSPPS NURI has an influence in increasing the Micro Enterprises of its Members or Customers who are domiciled in the village of Blumbungan.

Strategi Fundraising Digital Dalam Meningkatkan Penghimpunan Dana Ziswaf Program Pemberdayaan Ekonomi Pada Koperasi Syariah Baitul Maal Wat Tamwil

Sharia cooperatives in Indonesia are often called Baitul Maal Wat Tamwil, sharia cooperatives are almost the same as conventional cooperatives where the prominent difference is that baitul maal wat tamwil plays a role in managing zakat, infaq, shadaqah, and waqf funds. If you look more closely at the management of Baitul Maal Wat Tamwil in collecting Zakat, Infaq, Shadaqah, and Waqf funds, it is still lacking, for that it is necessary to implement a digital fundraising strategy in its collection. In the process of digital fundraising strategy activities, an institution or organization must always carry out socialization, education, promotion activities that are packaged in technology. Where the purpose of implementing this strategy is to increase the collection of Zakat, Infaq, Sadaqah, and Waqf funds. In addition, other goals are to improve the image of Baitul Maal Wat Tamwil and help the underprivileged. From the qualitative writing method of the literature that the author uses, the discussion obtained about the methods used in digital fundraising strategies to increase the collection of Zakat, Infaq, Shadaqah, and Waqf funds there are eight methods including, website method, e-mail method, search engine marketing method, social networking method, Islamic bank e-channel method, online website shopping method, e-wallet or electronic wallet method, method of making own application. The hope of implementing this method is to increase the collection of Zakat, Infaq, Shadaqah, and Waqf funds in Baitul Maal Wat Tamwil. So that later Baitul Maal Wat Tamwil will be able to help alleviate poverty and help capitalize on micro and small businesses in Indonesia.

Training of management and establishment of sharia cooperatives (Baitul Maal Wat Tamwil) at Aisyiyah Percut Sei Tuan

This program was motivated by the lack of knowledge of the management and residents of Aisyiyah in establishing and managing the Sharia Cooperative at the Aisyiyah Percut Sei Tuan Branch. In addition, residents of Aisyiyah Percut Sei Tuan District still use usury-based cooperative savings and loan services. To improve knowledge and literacy, the purpose of this service is to provide management training on the establishment and management of sharia cooperatives, so that Sharia cooperatives can be formed at the Aisyiyah Percut Sei Tuan Branch. The stages of implementing this activity are preparation, training and evaluation of program success. From the results of the evaluation, the training participants gained an understanding and succeeded in forming a sharia cooperative under the name Tajri Aj Ma'a. In this activity, it was also decided the monthly contribution of cooperative members which must be paid.

DETERMINAN TATA KELOLA SYARIAH PADA BAITUL MAAL WAT TAMWIL (BMT) DI KOTA DEPOK

Sharia governance is a governance concept unique to Islamic financial institutions. This study aims to investigate the effect of organizational culture, organizational commitment, internal control, and education on sharia governance in Baitul Maal wat Tamwil (BMT). The respondents of this study were the staff of grade-A BMT in Depok City with a sample that was determined randomly. Data were collected through surveys and analyzed using the structural equation modeling (SEM) method using SmartPLS. The results of this study indicate that organizational culture, internal control, and education have a significant positive effect on sharia governance. On the other hand, organizational commitment does not have a significant positive effect on sharia governance. These results encourage Islamic cooperatives to maintain the organizational culture, internal control, and education of management. On the other hand, BMT must strengthen the organizational commitment of management, even though their tenure is not long, because strong organizational commitment can improve sharia governance.Keywords: Shariah governance, Organizational culture, Internal control, Organizational commitment, Education, and Batul Maal wat Tamwil (BMT)