Sharia Microfinance Institutions Research Articles

The Pattern of Budget Slack in Sharia Microfinance Institutions: A Phenomenology Study

The Pattern of Budget Slack in Sharia Microfinance Institutions: A Phenomenology Study

Analisis Sistem Bank Wakaf Mikro Imam Syuhodo

Imam Syuhodo Micro Waqf Bank (BMW) is a sharia microfinance institution which aims to empower the community around the Imam Syuhodo Islamic Boarding School. The potential for growth and development of BWM Imam Syuhodo in Sukoharjo is expected to have great benefits for the Islamic-based economy. The policy regarding BWM as a sharia-based LKMS is intended so that BWM will become a pillar of strength in the sharia financial industry. The potential of the Imam Syuhodo Micro Waqf Bank certainly cannot be separated from the management system and Islamic good corporate governance (ICGC) implemented by the management at the BWM institution. The quality of the BWM institution depends on the implementation of a good business management system and an appropriate ICGC system. This research approach uses qualitative research. The aim of this research is to learn how to evaluate management, implement ICGC, and determine its effect on community empowerment. The results of the research reveal that the implementation of Islamic corporate governance at the Islamic microfinance institution Bank Waqf Mikro (LKMS BWM) Imam Syuhodo, when viewed using six indicators of Islamic corporate governance, has not been implemented in its entirety, where the indicators of trustworthiness, tabligh and fairness have been implemented well and to Siddiq, fathonah and sharia compliance indicators have not been implemented comprehensively and still need to be improved in their implementation

Improving positive work behavior of back office employees at sharia microfinance institutions with involvement in religious work life to anticipate fraud

Improving positive work behavior of back office employees at sharia microfinance institutions with involvement in religious work life to anticipate fraud

Farmer Satisfaction with Financing Services at Sharia Microfinance Institutions Agribusiness (Sharia MFI-A)

The total share of financing for the agricultural sector from financial institutions in Indonesia is still relatively low. It is because the agriculture sector is considered high-risk and not bankable. Even though the demand for financing from the agricultural sector is very high. Sharia MFI-A is a financing institution friendly to farmers because it has Sharia principles and shares risks. The loyalty of its customers determines the sustainability of this business. Service quality and customer expectation are affect customer satisfaction. This study aims to analyze service attributes considered necessary by customers and customer satisfaction to financing services at Sharia MFI-A. This research was conducted in West Sumatra, a province famous for its local principles of “Adat basandi sayarak, syarak basandi kitabullah”. The research was conducted on Sharia MFI-A namely in Agam Regency. The respondents were farmers who received financing in 2022. Five variables were observed: tangible, reliability, responsiveness, assurance, and empathy and measured using the Likert scale. Data analysis used Importance Performance Analysis (IPA) and Customer Satisfaction Index (CSI). The results showed that CSI’s score on Sharia MFI-A services is 88.28%, including the range of very satisfied criteria. Customers expressed very satisfaction with the performance of Sharia MFI-A services because the office is clean and comfortable, fast and friendly service, guaranteed customer confidentiality, and proft sharing transparency. This is by the principles of sharia services, namely fairness, and honesty in transactions ('adl wa tawazun), maslahah, and does not contain gharar and riba. Customer satisfaction with the services will affect farmers' loyalty to utilizing financing services from Sharia MFI-A in the future.

PRODUCT Product and Service Development Strategies on Murabahah Contracts to Improve The Existence of BMT Hasanah

Introduction: Many financial institutions have developed in Ponorogo, conventional and sharia. BMT Hasanah is present as a Sharia microfinance institution that often helps households and UMKM. Even though there is much competition, BMT Hasanah can continue to show its existence. This research aims to determine product and service development strategies, especially in murabahah contracts. Research Methods: This research aims to determine product and service development strategies, especially in murabahah contracts. The research uses a qualitative approach using primary data in the form of interviews and observations and secondary data obtained from archival documents and the internet. Results: The results of this research show that BMT Hasanah is responsive in responding to customer product requests. The murabahah products provided are always up to date with straightforward guarantees. Apart from that, BMT Hasanah provides maximum service in terms of installment payments. Customers are visited using a pick-up system and also serve an installment system by transfer. Conclusion: With this strategy, BMT Hasanah not only increases competitiveness and revenue but also increases customer satisfaction, which ultimately strengthens its existence.

Fund Placement and Loan Financing in Sharia Micro-finance: Credit Risk Analysis (2022-2023)

The purpose of this study is to analyse the credit risk associated with Sharia Mi-crofinance Institutions (MMFIs) in Indonesia. In particular, the study examines the risk associated with fund placement and loan financing over the 2022-2023 period. A qualitative method with statistical analysis is employed to evaluate the relationship between fund placement (the independent variable) and loan financ-ing (the dependent variable). The findings indicate a positive correlation between the two variables, with an increase in fund placement resulting in an increase in loan financing. The analysis also identified downward and upward trends in the Coefficient Adequacy Ratio (CAR) of BPRS, underscoring the significance of risk management with regard to fund placement and microfinance. A decline in the quality of financing could potentially impact liquidity and increase credit risk. This study indicates a negative and symmetrical relationship between NPL BPRS and economic growth in Central Java. However, further investigation is required to ascertain the relationship between NPL BPRS and economic growth in West Java. The findings may assist the OJK and BI in formulating policies to enhance financial stability and safeguard customer funds.

Peran Lembaga Keuangan Mikro Syariah dalam Pengentasan Kemiskinan di Indonesia

The role of Micro Sharia Financial Institutions in overcoming poverty in Indonesia is needed through the financial services that have been provided. Indonesia has been intensively trying to overcome poverty because one of the main goals of national development is to reduce and even eliminate poverty. In March 2023 the number of poor people in Indonesia has decreased to 25.90 million people. The purpose of this research is to describe the role of Sharia Microfinance Institutions in alleviating poverty in Indonesia. This research uses a descriptive qualitative approach research method with secondary data obtained from books, journals, and data sources related to the study under study. The results of this study found that Micro Sharia Financial Institutions in the form of BMT (Baitul Maal wat Tamwil) have a very large role in poverty alleviation in Indonesia. Capital from BMT will be channeled to small communities so as to open up opportunities in creating jobs and alleviating poverty.

The role of sharia microfinance institutions in developing MSMEs

This study aims to investigate and identify the current conditions regarding the role of Sharia microfinance institutions in developing MSME businesses. The community needs Microfinance institutions, especially low-income groups and small and micro-entrepreneurs who have yet to be reached by banking financial services, especially public banks. In providing loans to MSMEs, microfinance institutions must effectively educate and equip their clients with relevant entrepreneurial knowledge and skills. This research will use a qualitative approach with a case study method, which does not use statistical generalizations but uses logical generalizations and replication. Three Sharia microfinance institutions and sixteen MSME cases will be selected in this research. The research was conducted at Sharia Microfinance Institutions as providers of microcredit and MSMEs receiving microcredit in the Southern region of the Special Region of Yogyakarta, Gunungkidul, and Kulonprogo. This research will use three data collection methods, namely interviews, observation, and documentation, to maintain the validity and reliability of the data. Data triangulation is used to test the validity of the data. The data analysis process in this research uses two stages: descriptive analysis and case analysis. The findings of this research show hope regarding the promise of easy access to capital or funding sources as an effective tool for improving MSME business development through effectiveness, supervision, and guidance carried out by Sharia microfinance institutions. This change can be realized if the community has economic stability obtained through easy access to capital, increasing business income, and empowering the community to be ready to become entrepreneurs. It supports the development of a creative economy industry based on entrepreneurship and globally competitive ethics.

ANALYSIS OF FACTORS INFLUENCING THE REALIZATION OF MURABAHAH FINANCING FOR MICRO AGRIBUSINESS ENTERPRISES IN THE TRADE SECTOR (CASE STUDY AT BMT AL-AKBAR, DELI SERDANG DISTRICT)

Micro businesses have an important role in employment absorption and gross domestic product (GDP). The problem often faced by micro businesses is the difficulty of obtaining loans from banks. Sharia Microfinance Institutions (LKMS) are an alternative source of financing. Baitul Mal wat Tanwil (BMT) Al-Akbar is a sharia microfinance institution that provides micro business financing through murabahah financing. This research aims to analyze the factors that influence the realization of murabahah financing through customer characteristics. The sampling method was carried out using convenience sampling and the number of samples used was 40 people. The collected data was processed using multiple regression. The research results show that the significant factors are length of education, length of business, net business income for one month and collateral. 
 Keywords: Agribusiness, Customer Characteristics, Realization Of Murabahah Financing, Multiple Regression, Micro Businesses

Microfinance practices versus sustainable welfare

This study primarily investigates microfinance practices for sustainable community welfare. Microcredit aims to provide credit to poor people to help empower communities and reduce poverty. Community empowerment strategies can be carried out by increasing the productivity of poor communities to increase their income. A basic approach that emphasizes that the poor move from their current situation to a better position by empowering MSMEs through the distribution of microcredit by micro-financial institutions. Changes that will result in sustainable prosperity, decreasing inequality between regions, and reducing community income gaps. This research will use a qualitative approach using the case study method, which does not use statistical generalizations but uses logical and replicative generalizations. This research uses multiple cases with varying characteristics as research informants. Two microfinance institutions and ten cases of MSMEs will be selected in this research. The study was conducted at Sharia Microfinance Institutions as providers of microcredit and MSMEs receiving microcredit in the Southern region of the Special Region of Yogyakarta, Bantul. This district was chosen because Bantul has the highest poverty rate. This condition is the focus of attention for maximum treatment. This research will use three data collection methods: interview, observation, and documentation, to maintain the data's validity and reliability. Data triangulation was used to test the validity of the data. The data analysis process in this research uses two stages: descriptive analysis and within-case analysis. The research results found that microfinance practices carried out through Sharia Microfinance Institutions (SMFI), apart from focusing on providing accessible financing facilities, have also provided direction in developing MSMEs and taking action towards community welfare. SMFI regularly provides business development training to MSMEs

Metode RGEC dalam Perbandingan Tingkat Kesehatan LKMS di Indonesia Sebelum dan Semasa Pandemi Covid-19

The existence of a Sharia Financial Institution in recent years has become an alternative financial institution for society which is very important in advancing the real sector. This is because Sharia banks play a role in socializing the practice of profit sharing to avoid the practice of usury (interest). However, in 2019 - 2020 there was a virus that hit all countries in the world which caused the economy to decline. The corona virus (Covid-19) pandemic is still causing ongoing problems. Various sectors have also been affected by this outbreak, including Sharia Microfinance Institutions (IKMS). This research aims to test whether there are differences in the Health Level of Sharia Microfinance Institutions at KSPPS BMT SM NU Kramat Tegal before and during the Covid 19 Pandemic. The population of this research is KSPPS BMT SM NU Kramat. The research was tested using the independent sample t-test. The results of this research show that there are significant differences in NPL, LDR, ROA and CAR at KSPPS BMT SM NU Kramat before and during the Covid 19 pandemic. Meanwhile for GCG and NIM there are no significant differences at KSPPS BMT SM NU Kramat before and during the pandemic covid 19.

Motif Tanggung Jawab Sosial Lembaga Keuangan Mikro Syariah dalam Perspektif Ekonomi Syariah

The primary issue addressed in the text is the importance of corporate governance, specifically within Sharia microfinance institutions, in achieving profitability and success. The study emphasizes the role of market share as an indicator of operational success for Sharia microfinance institutions, with a focus on meeting the needs of small communities. This study uses the library research method by extracting data from primary sources such as economics books and Sharia microfinance institutions. Data analysis is carried out using critical analysis and content analysis. The research findings highlight that these institutions use corporate social responsibility (CSR) as a strategic tool to promote their products and services. This, in turn, contributes to an increase in market share by introducing the company to the public. The text suggests that the implementation of CSR by Sharia microfinance institutions is motivated not only by economic considerations, such as marketing and promoting products but also by social motives, including a desire to assist others. In the context of Islamic or Sharia-compliant finance, the study underscores the integration of economic activities with ethical and socially responsible principles. The economic motive is evident in the use of CSR as a marketing tool to reach a wider community and promote financial products. The findings suggest that in the pursuit of economic goals, Sharia microfinance institutions also align themselves with social values by engaging in activities that benefit the broader community. This dual motive reflects the unique intersection of economic and ethical considerations within the framework of Sharia-compliant financial practices.

Customer Loyalty To The Sharia Microfinance Institution In Indonesia

Various studies have identified the correlates of customer loyalty including satisfaction, trust, commitment, involvement, perceived cost, and service quality. This paper aims to describe customer loyalty to the Sharia microfinance institution in Indonesia. The main question developed was whether the customers of this institution have similar drives in maintaining their loyalty in using its services. The study uses qualitative method with a phenomenological approach and descriptive analysis. Data were collected from a series of interviews and focus group discussions with the management and the customers of Bayt al Mal wa al Tamwil Maslahah (BMTM) Sidogiri Pasuruan Indonesia. The study found that customer loyalty to BMTM Sidogiri was characterized by a positive response to and the utilization of products. The positive attitude towards BMTM products was based on the motives of meeting daily needs, business development and the acceptance of sharia values in the form of blessing and economic justice when using the products. In addition, the customer loyalty to BMTM Sidogiri was driven by emotional connection among the alumni of Sidogiri pesantren even though there is no structural connection between BMTM and Sidogiri pesantren. In maintaining its customer loyalty, the BMTM Sidogiri attempts to bring its services closer to the community, opens BMTM branches in other cities and adds new counters to ease customer transaction services. This study suggests that the customer loyalty to the Islamic financial institution is determined by a combination of shariah values acceptance and the fulfilment of daily need as well as business development

MANAJEMAN PENGELOLAAN BANK WAKAF MIKRO DALAM PEMBERDAYAAN EKONOMI UMAT (STUDI BANK WAKAF MIKRO PONDOK PESANTREN AS’AD KOTA JAMBI)

This research is entitled Management of Micro Waqf Banks in Empowering the People's Economy. In this research the Micro Waqf Bank (BWM) is a Sharia Microfinance Institution that is registered and supervised by the Financial Services Authority (OJK) which aims to provide access to capital services for low-income people who do not yet have access to financial institutions and ease the burden on people who are ensnared by moneylenders. Micro Waqf Banks also play a role in empowering the community and the community of women around Islamic boarding schools by encouraging the development of their businesses through providing loan funds to productive community business groups and community groups that wish to open businesses. The approach used in this study is descriptive qualitative with data collection methods of observation, interviews and documentation. The results of this study indicate that the Community Economic Empowerment at As'ad Seberang Micro Waqf Bank Jambi City cannot be said to be good and perfect because there are some customers who use borrowed money not as an additional capital for their business but for other purposes such as paying off debt. costs of daily living, medical expenses and others. This has resulted in the objective of establishing Micro Waqf Banks as an institution that provides access to capital for small communities who do not yet have access to formal financial institutions to empower communities around Islamic boarding schools by encouraging business development through providing loan funds to productive community business groups not being fully achieved. In addition, due to the low understanding of customers regarding productive waqf and the purpose of establishing Micro Waqf Banks. Keywords: Management Management, Empowerment, People's Economy.

Employee Loyalty Determinants at KSPPS BTM Pekalongan: Job Satisfaction as a Mediating Variable

Many Sharia Microfinance Institutions in Indonesia have the form of KSPPS. Employee loyalty is very important in financial institutions of any kind. Employee loyalty in financial institutions is not only expected to be able to produce satisfactory performance but also to prevent fraud. This research aims to analyze the effect of HR competency and quality of work life on employee loyalty with job satisfaction as a mediating variable in KSPPS BTM Pekalongan employees. This research is field research with a quantitative approach. The population in this research amounted to 192 employees from the entire office network of KSPPS BTM Pekalongan. The sample in this research amounted to 130 employees determined based on the results of the calculation of the Slovin formula with a margin of error of 5%. Sampling in this research uses a proportional random sampling technique. The data collection technique in this research used a questionnaire with a Likert scale. The data analysis technique used in this research is path analysis. The results showed that HR competency and quality of work life have a significant effect on job satisfaction. HR competency, quality of work life, and job satisfaction have a significant effect on employee loyalty. Job satisfaction mediates the effect of HR competency and quality of work life on employee loyalty.

Peran BMT Al Makmur Dalam Mewujudkan Ketahanan Ekonomi Keluarga Miskin

This study aims to analyze the role of the Sharia Microfinance Institution BMT Al Makmur in efforts to realize the economic resilience of poor families. This type of research is field research with a qualitative descriptive approach. The data sources are BMT Al Makmur Leaders and Murabahah Financing Customers. Data collection techniques are interviews and documentation. Data analysis techniques are carried out through data reduction, data display and conclusion drawing. The results showed that the presence of BMT Al Makmur as a Sharia Microfinance Institution has had a positive impact on realizing economically resilient families by managing family economic risks for the future. Through murabahah financing channeled for the purpose of purchasing gold which is used as a medium for saving money by customers, because it is believed that investment through gold is a safe and profitable investment category. The gold is used as a reserve to anticipate and fulfill needs for the future, such as the need for children's education costs, and to make their own homes.

PERKEMBANGAN LEMBAGA KEUANGAN MIKRO SYARIAH DI TENGAH PERSAINGAN LEMBAGA KEUANGAN SYARIAH BANK DAN NON BANK (Studi kasus (KSPPS) BMT Assyafi'iyah Berkah Nasional Cabang kota Metro )

The establishment of sharia microfinance institutions, one of which is KSPPS BMT Assyafi'iyah Berkah Nasional, as a sharia microfinance institution, clearly has great significance for sharia-oriented economic development. BMT Assyafi'iyah took several steps in order to stand out from its competitors, one of which was selecting staff who might be qualified in their field. By utilizing the Ceria digital application, BMT Assyafi'iyah implemented a plan in an effort to increase consumer confidence in the form of savings. Literature review Descriptive methodology is used in the descriptive and qualitative analysis of this study to describe real-world situations. data sources found in academic journals.

PERAN LEMBAGA KEUANGAN MIKRO SYARIAH DALAM MEMBANGUN EKONOMI YANG BERKELANJUTAN DAN INKLUSIF

The purpose of this study is to look at the role of Islamic Microfinance Institutions in Building a Sustainable and Inclusive Economy. This study uses a library research approach because the data sources come from various literature such as articles, books, and journals from previous studies regarding the role of Islamic Microfinance Institutions in Building a Sustainable and Inclusive Economy. The results of the discussion show: from OJK data (2021) it can be seen that the development of LKMS both in terms of assets, the amount of financing distributed, as well as the public savings that have been collected shows an increasing trend. This means that the existence of LKMS has a significant influence on the pace of sustainable economic development, of course, the realization of inclusive finance. Thus, the role of Islamic microfinance institutions in building a sustainable and inclusive economy in Indonesia proves to be important and relevant. Through an inclusive approach, based on Sharia principles and social and environmental responsibility, Sharia microfinance institutions can become key drivers in achieving sustainable and inclusive economic development goals in Indonesia.

Does The Existence of Sharia Microfinance Institutions Contribute to Agricultural Financing? (Study at BMT Khairul Amin Martapura)

Baitul Mal wa Tamwil (BMT) is a Microfinance institution that boosts the economy in the MSME sector. BMT is expected to reach the agricultural sector. In some cases, capital is still weak in the agricultural sector. The establishment of the BMT Khairul Amin Martapura Rangas River branch is expected to help the community, especially farmers, solve the capital problems. This research is field research using qualitative method approach. In addition to producing qualitative data results, this research uses a simple quantitative approach to strengthen the analysis results by explaining the data with numbers. There are six informants in the study. The results revealed that the existence and accessibility of BMT are pretty good. However, in the agricultural sector, it is still not good because the percentage of farmer customers is only 21.05%, and the financing disbursed is only 35.04%.

Pengembangan Aplikasi Note Non Performing Financing: Monitoring Pembiayaan Bermasalah di KSPPS BTM Pekalongan


 ABSTRACT
 The Sharia Savings and Loans and Financing Cooperative (KSPPS) BTM Pekalongan as a sharia microfinance institution faces the risk of non-performing financing (NPF) which can have a negative impact on its business continuity. This study aims to examine how the development of the Note Non-Performing Financing application as a monitoring of non-performing financing in KSPPS BTM Pekalongan. This research is an exploratory descriptive study using a qualitative research approach. This research is also a research and development research with ADDIE approach model. This research is a combination of field research supported by library research. Sources of data used in the study consisted of primary data sources and secondary data sources. The analysis technique used in this study uses content analysis which will be studied further in a group discussion forum. The results showed that the Non-Performing Financing Note Application at KSPPS BTM Pekalongan is an application in the form of a website-based information system that provides accurate and integrated NPF data at KSPSS BTM Pekalongan. This application has many functions, the main of which is to monitor (supervision) non-performing financing in KSPPS BTM Pekalongan. Later, the monitoring results can be followed up in accordance with the risk management SOP that has been set by KSPPS BTM Pekalongan. This application is expected to minimize the risk caused by non-performing financing at KSPPS BTM Pekalongan. 
 can have a negative impact on its business continuity. This study aims to examine how the development of the Note Non-Performing Financing application as a monitoring of non-performing financing in KSPPS BTM Pekalongan. This research is an exploratory descriptive study using a qualitative research approach. This research is also a research and development research with ADDIE approach model. This research is a combination of field research supported by library research. Sources of data used in the study consisted of primary data sources and secondary data sources. The analysis technique used in this study uses content analysis which will be studied further in a group discussion forum. The results showed that the Non-Performing Financing Note Application at KSPPS BTM Pekalongan is an application in the form of a website-based information system that provides accurate and integrated NPF data at KSPSS BTM Pekalongan. This application has many functions, the main of which is to monitor (supervision) non-performing financing in KSPPS BTM Pekalongan. Later, the monitoring results can be followed up in accordance with the risk management SOP that has been set by KSPPS BTM Pekalongan. This application is expected to minimize the risk caused by non-performing financing at KSPPS BTM Pekalongan.