INCREASING SMEs SOCIAL IMPACT WITH BAITUL MAAL WAT TAMWIL

ICCD

Baitul Mal Wat Tamwil (BMT) is a non-bank financial institution as an integrated independent business center which is a bayt al-mal wa at-tamwil, which is an institution that develops productive and investment businesses to improve the quality of small entrepreneurs' businesses and encourage business forms. -a form of investment with the aim of empowering worldly and ukhrawi businesses through donations, zakat and alms. In its development, BMTs face the same problems, for example problematic customers. Sometimes there is a customer who is not only having problems in one place, but also in other places. Therefore, each BMT needs efforts to coordinate in order to narrow down the movements of problematic customers. BMTs also tend to face other BMTs as competitors to be defeated, not as partners or partners in an effort to exclude people from the economic problems they face. So that it causes the level of competition that is not Islamic and will even affect the BMT management patte...

International Conference on Community Development, 2021

Baitul Mal Wat Tamwil (BMT) is a non-bank financial institution as an integrated independent business center which is a bayt al-mal wa at-tamwil, which is an institution that develops productive and investment businesses to improve the quality of small entrepreneurs' businesses and encourage business forms.-a form of investment with the aim of empowering worldly and ukhrawi businesses through donations, zakat and alms. In its development, BMTs face the same problems, for example problematic customers. Sometimes there is a customer who is not only having problems in one place, but also in other places. Therefore, each BMT needs efforts to coordinate in order to narrow down the movements of problematic customers. BMTs also tend to face other BMTs as competitors to be defeated, not as partners or partners in an effort to exclude people from the economic problems they face. So that it causes the level of competition that is not Islamic and will even affect the BMT management pattern. However, in its development, BMTs face the same problems, for example problematic customers. Sometimes there is a customer who is not only having problems in one place, but also in other places. Therefore, each BMT needs efforts to coordinate in order to narrow down the movements of problematic customers. BMTs also tend to face other BMTs as competitors to be defeated, not as partners or partners in an effort to exclude people from the economic problems they face. So that it causes the level of competition that is not Islamic and will even affect the BMT management pattern.

KnE Social Sciences, 2019

This study aims to analyze the criteria considered by individual members in choosing Baitul Mal Wa Tamwil (BMT) and analyzing the attitudes of members towards BMT. Research subjects are individual members who use BMT services. Data analysis method is descriptive statistics. The results of the analysis concluded that there were 5 factors that were considered by the members in choosing BMT, among others: ease of obtaining business capital financing, usury-free, security, satisfying service and close to home. Religious factors are not the main reason for individual members in choosing BMT. Members consider more economic factors, namely the ease of obtaining business capital.

Baitul Maal Wat Tamwil (BMT): A Faith and Community-based Microfinance Priyonggo Suseno, PhD b The calculation is based on 2017 data because the latest reliable data for nationwide KSPPS are only available for 2017. Therefore, the calculation for the contribution of each institution on microfinance industry use 2017-year basis. c This assumption is based on the results of a survey conducted by the Central Bureau of Statistics (BPS) 2018, Saving and Loan Cooperative Statistics. d There are some data on the total asset of BMTs based on predictive value, such as BAPPENAS estimated IDR 7.2 trillion (www.kontan.co.id, date accessed: October 19, 2019). However, some accurate data available for group of BMTs, such as the total asset of 561 BMTs registered in PBMTI in 2015 is IDR 11.9 trillion and served more than 3.69 million of people (www.republika.co.id, date accessed: October 7, 2015). It is also estimated that the asset grows to IDR 15 trillion on May 2017 (www.republika.co.id, 5 May 2017).

2021

Notwithstanding Baitul Maal wat Tamwil (BMT) has spread tremendously over the past three decades in Indonesia, some of them faced various obstacles that hamper their effectiveness and sustainability. While some of others sustained and developed well, even in the economic crisis conditions. Hence, this study aims to investigate the factors that determine the successful performance of BMT. This study is a field research with triangulation as a mixed method approach through semi-structured interviews and questionnaires. Whereby the empirical data were collected by means of conducting semi-structured interviews with 3 managers of the BMTs and administering questionnaires to 285 employees of the BMTs. This study examined five factors that influence the BMT performance, namely the capital structure of funding, the governance of the BMT, the human resource adequacy, the product innovation and the repayment of financing products. The results pointed that among the five selected factors, onl...

Jurnal Iqtisad, 2009

2015

The Islamic financial institutions generally, and the Islamic banks particularly have been interesting phenomena for about last two or three decades. They are believed [by many] to be an interesting, challenging and promising model of the current or conventional financial systems. In the case of Indonesia, despite of the fact that there are two official types of Islamic bank, as they are accommodated by Banking Act No. 7 1992, as well as Banking Act No. 1

Proceedings of the 1st UPI International Conference on Sociology Education (UPI ICSE 2015), 2016

This research is based on the issues of many informal sector businesses that do not have access towards capital from formal financial institutions, especially Islamic ones that are still considered to be excluded and hard to reach. The research aims to find the best model in empowering informal sector businesses based on sharia principles conducted by Baitul Maal Wat Tamwil (BMT), in which equivalent to the sharia micro finance institution. It adopted a qualitative descriptive approach and employed SWOT analysis of the ten BMTs which actively have given funding and empowered informal sector business in Bandung Raya. The model of empowerment implemented by BMT, is divided into three clusters with the following indicators such as: the utilization of productive economic, mentoring and training. The general results of this research indicate that the majority of BMTs is in the second cluster, with characteristic activities only productive economic empowerment through Islamic micro financing and still not contribute to the social function in running mentoring and training to informal sector businesses. Additionally, based on the results of the SWOT analysis, it is found that in general BMT has the potential to develop due to the principle of justice and its closeness to the micro business in which has not been accessed or touched by other financial institutions. On the other hand, the potential is still constrained by the inadequacy capacity of Human Resources in providing business advisory services at the same time. The implication of the research shows the urgent needs for competent human resources in developing BMTs members to be professional entrepreneurs who have good spirituality in empowering informal sector business community.

Advances in Economics and Business, 2015

MSME is a sector that plays an important role in economic development in Indonesia, seen from the significant contribution in employment. Accounted GDP, foreign exchange and giving donations. In carrying out its role, the MSMEs sector did not grow and develop without having a problem despite the development contribution is quite large. The problem that often occurs in the MSMEs sector are relatively complex, ranging from human resources issues, access to capital, business culture and management capability as well as fund management business that is mixed with household finances. This is what needs to be addressed by the related parties on an ongoing basis. It needs a real movement and implementable, one strategic effort to do is through the optimization of the role of Islamic Microfinance Institutions (LKMS) is Baitul Maal wat Tamwil (BMT). Given the banking institutions have not been able to touch the bottom of society (poor, poor and other dhu'afa). Their access to banking is very small, almost nothing at all. They also do not have collateral and are not good at making proposals. But with the BMT, they tried to improve the well-being of its clients with financing and assistance to customers.

Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance, 2019

The use of the canvas business model method in Islamic financial institutions namely BMT is considered important to correct a possibility of an error or the need for improvement in one of the boxes of the process of running a business model. BMT La Tansa Gontor is a business entity that has profit and social benefits. This research is a qualitative descriptive study with a research location in BMT La Tansa Gontor Ponorogo. A purpose of this study is to determine the concept of BMT La Tansa Gontor’s business model using the Business Model Canvas Approach based on 9 aspects. Technique data collection through interviews and observations. Data analysis uses interpretation qualitative and business model canvas tool method in consist of analysis in this study is value propositions, channels, customer relationships, customer segments, revenue streams, key resources, key activities, key partners, cost structure. The results showed that product development innovation at BMT La Tansa focus on...