Sharia Microfinance Institutions Research Articles

ANALISIS PENGARUH VARIABEL PEMBIAYAAN MODAL, LAMA USAHA SERTA MODAL SENDIRI TERHADAP PENDAPATAN ANGGOTA PELAKU UMKM

As a sharia microfinance institution that has a function as developing productive businesses and investments to improve the quality of micro, small and medium enterprises, this study aims to examine the effect of variable capital financing, length of business and own capital on the income of customers who are members of the Sharia Financing Savings and Loans Cooperative Baitul Mal wa Tamwil Nurul Barokah Klego branch, Boyolali regency. They are micro, small and medium enterprises (MSMEs), the population in this study is 108 with a sample of 52 respondents. Analysis techniques use multivariate regression analysis and use instrument tests which include validity and reliability tests, and descriptive statistical tests of respondents based on sex, based on age, and classical assumption tests include normality tests, multicolleniarity tests, heterokedasticity tests, and multiple linear regression analysis and model permanence tests including coefficients of determination, and hypothesis testing includes t tests, F tests. The results showed that only own capital had a positive effect on MSME income, while capital financing and long time did not affect MSME income, because financing members often took advantage of capital loans not in accordance with loan agreements and lack of innovation to see consumer interest so that it stagnated.

Business Strengthening Strategy in Sharia Microfinance Institutions During the Covid-19 Pandemic in Indonesia Through Digital Literacy

The impact of the pandemic around the world has changed the existing order of life, including in Indonesia. The COVID-19 pandemic has also changed various important sectors in society, one of which is Islamic microfinance institutions. This study aims to identify the strategies adopted by Islamic microfinance institutions to strengthen their business during the pandemic. This study uses a qualitative research type with a phenomenological approach. The research participants were 15 people who directly experienced the impact of the COVID-19 pandemic. Determination of participants using purposive sampling. The data collection technique used a semi-structured interview guide instrument. The data analysis techniques include data organization, finding meaningful themes, analyzing data, and reporting systematically. The results of the study illustrate that the strategies adopted by Islamic microfinance institutions during the Covid-19 pandemic are (1) making online applications that are easy and accessible to customers; (2) socialization to members through whatapps group and customer contact numbers; (3) providing training to employees in the use of applications; (4) creation of social media to establish communication with customers; (5) making a policy on relaxation of installment payments in the field of customer financing; (6) the obstacles encountered. The limitations of the research on the number of respondents and the type of research selected can be redeveloped with further, broader, and more in-depth research.

Implementation of Relationship Marketing Sharia Perspective In Sharia Microfinance Institutions In Madura

The market share of Islamic banking is still very small, so there needs to be a proper marketing strategy to overcome it, one of which is Sharia relationship marketing. The purpose of this research is to analyze the implementation of sharia relationship marketing at BPRS Bhakti Sumekar Sumenep. The research method used is a descriptive method of quantitative approach. The results showed that BPRS Bhakti Sumekar Sumenep has assimilated sharia relationship marketing quite well, it is shown from the results of respondents' assessment of the dimensions used in the study.

Analisis Nilai-Nilai Spiritual di KSPPS Khidmatul Ummah Bogor

This research is about the Implementation of Spiritual KSPPS Khidmatul Ummah Bogor by using four variables as an analytical tool, namely sharia exemplary, sharia compliance, sharia education and sharia training. The Islamic economic discourse in the field of micro finance has not studied the implementation of Spiritual Intermediation in a holistic manner, even though the difference between Conventional Microfinance Institutions and Islamic Financial Institutions is the Spiritual and Social aspect. This analysis method uses a qualitative research style. The research approach is carried out in two stages, namely pilot research and pre-research. The results of this study are KSPSS Khidmatul Ummah Bogor institutionally is a sharia microfinance institution incorporated as a Sharia Savings and Loans Financing Cooperative Primary Scale District, which is engaged in empowering the poor and unbanked by carrying out social functions in Biatul Maal and business functions (tijari) through Baitul at Tamwil KSPSS Khidmatul Ummah. It is intended to be able to solve the economic problems of the lower middle class community in West Bogor, Bogor Regency. By implementing five pillars in its operations, namely: Alms, Savings, Soft Loans, Financing and Investment. And aspects of spiritual intermediation at KSPPS Khidmatul Ummah Bogor include: it is in accordance with Sharia principles and consistently exemplified by the administrators and managers. Sharia compliance has not been optimized properly. KSPSS Khidmatul Ummah Bogor in carrying out Sharia education and training to internal has been very intense, diverse and programmed. But for the external is not maximal, intense and diverse.
 

BUDAYA ORGANISASI DALAM MEMBANGUN KEMANDIRIAN PONDOK PESANTREN MODERN

This study aims to describe the organizational culture in building the independence of the Modern Islamic Boarding School Al-Kautsar Muhammadiyah Sarilamak Regency of Fifty Cities. This research uses a phenomenological approach. Data collection techniques used are unstructured interviews, observation, and documentation studies. Then the technique of collecting informants with snowball sampling technique. Furthermore, the data analysis technique used is the Miles and Huberman model, the stages of this model are data reduction, data presentation, and conclusion drawing and data verification. Meanwhile, to test the validity of the data, the researchers used data triangulation techniques. The results of the study show that the organizational culture applied in building the independence of Islamic boarding schools, namely 1) Instilling Islamic values that can increase the independence of students; 2) Applying language days to students; 3) Instilling the values of discipline; 4) Improve work ethic; 5) Forming the entrepreneurial spirit of students; 6) Establish nine business units to build pesantren independence; 7) Establishment of Sharia Microfinance Institutions for community empowerment and pesantren independence

Women's Economic Empowerment Through Sharia Micro-Finance Institutions In Indonesia: A Qualitative Research

Women's empowerment has become an agenda that has recently been put forward and has become one of the essential agendas in sustainable development. One of the common problems women micro-enterprises face is the difficulty of accessing sources of capital. Islamic microfinance institutions are an alternative that can be utilized by women micro-enterprises in Indonesia to overcome the challenges in accessing business capital. This research uses a qualitative approach to study literature and in-depth interviews. The literature study was conducted by selecting relevant papers by accessing the Google Scholar database using the keywords “women empowerment” AND “Islamic microfinance” OR “Islamic microfinance”. The search time range is limited to the last 5 years, namely 2017 to 2022. The literature search results found 19 relevant papers. 4 sharia microfinance institutions are reported to run women's empowerment programs, namely sharia cooperatives, Baitul Mal Wat Tamwil, Zakat Management Organizations, and Micro Waqf Banks. The results of interviews with 20 lecturers of Islamic Economics strengthen the role of Islamic microfinance institutions in women's empowerment programs in Indonesia.

Impelementasi Impelementasi Keberlanjutan Baitul Maal Wa At Tamwi:

This research is about the sustainability of Baitul Maal wa At Tamwil by using two variables, namely financing growth and human resources. Sharia economic discourse in the field of sharia microfinance institutions is interesting and needs to be developed in encouraging national economic growth, as well as a forum to encourage small entrepreneurs to grow both from their business and the household economy. This study uses a qualitative approach, research that seeks to provide an objective description of the object under study, as well as interpret and give meaning to empirical data in the field. The object of this research is KSPPS Khidmatul Ummah Bogor, which is located in Cibungbulang District, Bogor Regency. The results of this study are institutionally KSPSS Khidmatul Ummah Bogor is a sharia microfinance institution incorporated as a Sharia Savings and Loans Financing Cooperative on a Primary Scale District, which is engaged in empowering the poor and unbankable by carrying out social functions in Biatul Maal and business functions (tijari) through Baitul at Tamwil KSPSS Khidmatul Ummah. It is intended to be able to solve the economic problems of the lower middle class community in West Bogor, Bogor Regency. Mudharabah contract financing growth is able to encourage KSPPS Khidmatul Ummah to continue to exist in providing microfinance services to members to the maximum, as well as providing loan services to members with qard hasan contracts as an effort to encourage the growth of member independence. As well as in realizing institutional sustainability, KSPPS Khidmatul Ummah formed Human Resources with the characters of Shiddiiq, Amanah, Tabligh and Fathanah, with routine education methods that are ubudiyah routines and providing religious and muamalah materials to employees.
 Keywords: Baitul Maal wa At Tamwil, Sustainability, Operations

Perancangan Aplikasi Sistem Informasi Keuangan Berbasis Web: Studi Kasus di Lembaga Keuangan Mikro Syariah Al-Falah POLBAN

The purpose of this research is to produce an accounting information system application that will provide information related to member data, savings data and recording of savings and loan transactions at the Al-Falah Polban Syariah Microfinance Institution. Other goals include making it easier to record financial transactions, presenting reports on cash deposits, cash withdrawals, member data, savings data, and general journals at the Al-Falah Polban Sharia Microfinance Institution. And find out whether the application of this research can help the company's performance to be better and more efficient or not. This research methodology uses research and development (R&D) methods, namely processes or steps that develop new products or improve existing products that can be accounted for. According to other sources, research and development methods are research methods used to make certain products and test the effectiveness of those products. The product in question can be in the form of software or computer programs, as well as hardware, such as tools, books, modules, or other equipment. The results of the questionnaire distributed to users, this LKMS information system application is included in the very good category, which means that by using this application, recording financial data, making savings and loan transaction reports, member data, savings data, and general journals is faster and more accurate.

PERKEMBANGAN KINERJA BAITUL MAL WA TAMWIL (BMT) SEBAGAI LEMBAGA KEUANGAN MIKRO SYARI'AH DI MASA PANDEMI

The emergence of the COVID-19 pandemic has had a significant impact on various sectors including the economy. This pandemic has not only spread to major countries but to almost all countries in the world, including Indonesia. Indonesia is one of the countries affected, including Islamic banking and finance. Therefore, the purpose of this study is to analyze the performance development of Sharia Microfinance Institutions (BMT) during the pandemic. In this study, the author uses a descriptive qualitative approach. This study seeks to understand the various concepts found in the research process, using content analysis techniques and library research. The results of the study conclude that the development of BMT, since the government's policy regarding the restriction of social and economic activities has decreased drastically. As a Sharia Microfinance Institution that serves business units that rely on daily transactions, with a tendency for people to work from home, people are not interested in doing activities outside the home so that it will have a direct impact on liquidity. As a financial institution that has played a role in the development of Micro, Small and Medium Enterprises (MSMEs) in Indonesia, the decline in the performance of MSMEs will also affect the development and performance of LKMS (BMT).

TANTANGAN PENGEMBANGAN LKMS MELALUI UMKM DI INDONESIA

Sharia microfinance institutions are institutions specifically established to provide business development services and community empowerment. The development of Islamic Microfinance Institutions in Indonesia has increased quite rapidly and has a very vital role in the progress of the Indonesian economy. The existence of baitul mal wa tamwil (BMT) as one of the pioneers of sharia microfinance institutions in Indonesia. This study uses a qualitative approach. The type of this research approach is descriptive, namely a method to describe a research result, which provides an explanation of the phenomenon to be studied using factual data. The results of the study show that capital is an obstacle faced by MSMEs due to limited information from Islamic financial institutions. This is the challenge that is still being faced related to economic development, including Islamic financial institutions. Islamic financial institutions are still struggling with capital issues, the development of sharia product innovations, to the inadequate quality of human resources.

Implementation of Accounting Standards as an effort to realize the Accountability of Sharia Microfinance Institutions

Purpose - This study aims to analyze the presentation of the financial statements of what factors influence the presentation of the financial statements of Islamic microfinance institutions according to PSAK 101. Method - This study aims to explore the implementation of accounting standards which are the basis for the presentation of financial statements of Islamic entities, therefore field research with qualitative methods is considered the most appropriate in this study.Result - The results of this study show that in the implementation of accounting standards, sharia people's credit banks have implemented applicable accounting standards while sharia savings and loan cooperatives which are part of sharia entities have not been fully implemented, this is because there are several parts of financial statements that are not presented even though these parts are not crucial, for example zakat infaq and sodaqoh reports some sharia entities do not present because the ZIS levy has been managed by a separate institution so that the reporting is also separate, besides that there are still many human resources who do not understand sharia SAK is an obstacle that is commonly encountered in the field.Implication - Referring to the results of this research, through this research, it is hoped that it will have implications for efforts to improve the competence of financial human resources in order to better understand the applicable accounting standards.Originality - This study seeks to compare the implementation of the presentation of financial statements in several BPRS and BMT and identify weaknesses in the implementation of SAK.

MEMPROGRAMKAN PENGENALAN BANK SYARIAH DAN LEMBAGA KEUANGAN MIKRO SYARIAH PADA DESA KAREHKEL, KECAMATAN LEUWILIANG, BOGOR.

This community service activity discusses the introduction of Sharia Banks and ShariaMicrofinance Institutions in Desa Karehkel, Kecamatan Leuwiliang,Kabupaten Bogor. Thepurpose of this community service activity is to provide an introduction to Sharia Banks andSharia Microfinance Institutions to the people of Desa Karehkel, Kecamatan Leuwiliang,Kabupaten Bogor with the hope that the community can better understand the existence of ShariaBanks and Sharia Microfinance Institutions. The community service method used is the method oftransparency, participation, and accountability. Community service is also prospective. The resultof this activity is that it can provide insight to the people of Desa Karehkel, KecamatanLeuwiliang, Kabupaten Bogor about Sharia Banks and Sharia Microfinance Institutions in detail

Sinergi Pengelolaan Zakat dan Wakaf Produktif Dengan Mengembangkan Lembaga Keuangan Mikro Finance Syariah di Indonesia

This research is entitled Synergy for the Management of Productive Zakat and Waqf with the Development of Sharia Micro Finance by using descriptive research methods with a qualitative approach. The sources of data in this study are in the form of observation and reviewing several books and readings related to this discussion and comparing them with expert opinions and materials from seminars that discuss the issues under study. Data analysis was carried out qualitatively by interpreting data, facts and information that had been collected through intellectual understanding empirically and then studied in an in-depth way so as to produce a picture of the actual data. The management of zakat and productive waqf is generally under the control of amil zakat agencies and waqf institutions through Nazir waqf. The formula developed in the management of zakat and waqf has not been unified and combined in the management aspect between zakat management and waqf management. The utilization of productive zakat and waqf through Islamic microfinance institutions can be described by a model of adjusting zakat and waqf management in the aspect of zakat and productive waqf utilization through Islamic microfinance institutions. With the adjustment model of zakat and waqf management, it will be expected to give birth to an agreement in the management of zakat and productive waqf through sharia microfinance institutions

GAMPONG OWNED BUSINESS AS A SHARIA ECONOMIC EMPOWERMENT IN ACEH

The presence of Gampong-Owned Enterprises has a positive impact on the economy at the village level. Especially in moving the local economy of the Acehnese people which is identical to Islamic law. Because BUMG should be managed together in cooperation and involve the community, of course, this is also an opportunity to empower the sharia-based economy in the community. The purpose of this study is to analyze the role of BUMG in supporting sharia-based economic empowerment in Aceh. This research is a literature study using the descriptive analysis method. The results of this study indicate that the values ​​of strengthening the sharia economy by strengthening the village economy through BUMG are in line with the goals of Islamic economics to achieve welfare for the community. Moreover, Aceh as an area of ​​Islamic law is a big capital for economic development that is right on target within the framework of Sharia. So in the management of BUMG, values ​​, and rules that are by the development of the Islamic economy should be applied. Therefore, it will be more effective if there are regulations or policies which provides direction, rules, and management limits so as not to deviate from sharia signs, just like Sharia microfinance institutions.

Optimization of Micro Waqf Bank's Ability to Support Micro and Small Businesses

Poverty and income inequality are the most complex issues we face, and they affect people at all levels of society. Poverty is a global humanitarian issue that continues to be a major concern in all parts of the globe. The percentage of people living in poverty in West Nusa Tenggara is higher than the national average. Waqf is an economic pillar that is expected to help micro and small-scale businesses succeed. Micro Waqf Bank (BWM) is a Sharia microfinance institution formed by OJK and the National Amil Zakat Institution, with a capital scheme that is unique to BWM. The goal of this research was to figure out how to improve BWM’s ability to assist micro and small businesses in Central Lombok. Qualitative descriptive methods were used by the researcher. It was found that strategies to maximize the role of waqf banks for micro and small businesses in the vicinity of Islamic boarding schools can be developed based on the findings of BWM ATQIA’s SWOT analysis of cash waqf management. According to the findings, strategies that can be implemented include increasing the sense of responsibility among members of the customer group, strengthening the support of Islamic boarding schools in conducting marketing while also providing an understanding of the law of usury, developing appealing programs that are in high demand by customers or the public, displaying customers’ products in front of the audience, and decorating the office in a pleasing manner.
 Keywords: optimization, Micro Waqf Bank, micro and small enterprises, SWOT

Joint and Several Liability sebagai Bentuk Mitigasi Risiko pada Bank Wakaf Mikro di Era Pandemi Covid-19

The Covid-19 pandemic has harmed the global economy, Indonesia and Islamic microfinance institutions are also inseparable from the impact of the pandemic. Bank Wakaf Mikro (BWM) is a sharia microfinance institution registered and supervised by the Financial Services Authority (OJK). BWM represents financial institutions, government, and pesantren as the economic base of Indonesian Muslims. The purpose of the existence of BWM is to be able to alleviate poverty by providing financing to the productive poor through a routine assistance program whose target is the poor who cannot access formal financial institutions to assist the capital aspect of small businesses. This study aims to explore the risk of BWM financing in the Covid-19 pandemic era. By using a single case research method at BWM Sinar Sukses Bersama An-Nur II Al-Murtadlo Bululawang, Malang Regency. BWM is believed to be able to increase financial inclusion, especially for the community and Micro, Small, and Medium Enterprises (MSMEs) for easy access to capital. And it was found that Joint and Several Liability was a form of risk mitigation in the Covid-19 pandemic era. This research has implications for increasing the scientific repertoire of risk management, especially the systemic risks faced by Islamic microfinance institutions, while the managerial implications of this research are to become a reference in managing BWM to become a healthy Islamic microfinance institution. From the results of this study, it is hoped that there will be further multi-case studies or quantitative methods to confirm the results of this study.

SOSIO-EKONOMI SEBAGAI FAKTOR NON-PERFORMING FINANCING PADA LEMBAGA KEUANGAN MIKRO SYARIAH

The study analyzes the factors that affect Non-Performing Financing (NPF) using the customer's socio-economic indicators (age, gender, education level, county). The research chose Indonesia as the object of research, because it has the largest Muslim population in the world and the development of Sharia Microfinance Institutions (MFIs) in this country is quite promising. To identify the factors that influence non-performing financing in Islamic MFIs, we use the logit model to estimate the probability of factors affecting NPF. The results of this study indicate that the socio-economic factors of the customer, namely age, gender, education level, influence problematic financing. The results of this study give a framework for making strategic policy to maintain Sharia MFIs stability based on the dimensions of age, gender, level and education.

The Role Sharia Non-Bank Financial Institutions To Support SDGS Program

AbstractPurpose - The purpose of this study is to describe the development of sharia IKNB and the role of Sharia IKNB to support SGDs.Method - The type of research used is qualitative with literature study. The analytical technique used is descriptive qualitative describing the development of Sharia IKNB, and the role of Sharia IKNB to support realization of the SDGs.Result - The results show the development of Sharia IKNB in the period from October 2020 to April 2021, Sharia Insurance assets grew by 6.26 percent, Pension Fund Institutions assets grew by 17.79 percent, Sharia Microfinance Institutions assets grew by 2.24 percent, Sharia Fintech Institutions assets grew by 85.54 percent. Meanwhile, Sharia Financing Institutions experienced a decrease in assets of -7.78 percent and Sharia Pawnshops experienced a decrease in assets of -6.95 percent. Certified halal products in 2021 grew by 2,531.49 percent.Implication - Sharia IKNB supports SDGs to achieve the goal of reducing hunger, sharia IKNB can support the real sector, and also has a social aspect. SDGs achieve prosperity in line with the Islamic economic function of income distribution.Originality - The research a more in-depth study of the role of Islamic finance in supporting the Sustainable Development Goals (SDGs) program. Researchers identify the role of Sharia Insurance, Sharia Financing Institutions, Pension Fund Institution, Sharia Pawnshop, Sharia Microfinance Institutions and Sharua Financial Technology.

Perkembangan Industri Keuangan Non-Bank Syariah dan Inovasi Service Excellent di Tengah Pandemi Covid-19

The purpose of this study was to determine development Sharia non-bank financial institutions (IKNB) during the COVID-19 pandemic as well as knowing form excellent service Sharia IKNB can do to meet the needs of customers or customers. Type of research is a literature study with a qualitative research nature. The source of the data used in this research is the data from the Financial Services Authority (OJK) and other data sources. Data collection techniques are form of documentation which is then processed by researchers. Data analysis technique used is descriptive qualitative. Results this study indicate development of Sharia IKNB in ​​period from October 2020 to April 2021, Sharia Insurance assets grew 6.26 percent, Pension Fund Institutions assets grew 17.79 percent, Sharia Microfinance Institutions assets grew 2.24 percent, Sharia Fintech Institution assets grew 85.54 percent. Meanwhile, Sharia Financing Institutions experienced a decrease in assets of -7.78 percent and Sharia Pawnshops experienced a decrease in assets of -6.95 percent. Excellent service Sharia IKNB can do during COVID-19 pandemic improving digital services, following applicable regulations, increasing attention and support for customers or customers, increasing partnerships with various parties.

Improvement of Community Economic Independence Through Sharia Micro Financial Institution in Padamulya Village, Pasirkuda Cianjur District

Lack of public understanding of Islamic economic principles is one of the reasons people use conventional financial services institutions. And the existence of official financial institutions and based on sharia is very far from the residence of the Padamulya Village community. The solution to the problem is firstly by providing understanding to the public about the principles and values of Islamic economics, so that the community is able to economically in accordance with the provisions of religion and aware of the dangers of usury. Secondly, by presenting financial institutions that are official and in accordance with Islamic economic principles, so that people will be easier when they will save money from their agricultural products and help people who have Micro and Small Business. The output target that the author made was in the form of making an article entitled "Increasing Community Economic Independence through the Initiation of Sharia Microfinance Institutions in Padamulya Village, Pasirkuda District, Cianjur Regency". The result of the LKMS Initiation program was the establishment of Padamulya BMT located in Padamulya Village, Pasirkuda District, Cianjur Regency. The BMT can be utilized by the people of Padamulya Village to use Islamic financial services such as savings, financing and ZISWAF management that can help the economy of the middle and lower classes.Keywords: Economic independence, LKMS initiation.