INCREASING SMEs SOCIAL IMPACT WITH BAITUL MAAL WAT TAMWIL

  • Mochamad SOELTON Universitas Mercu Buana
  • Yanto RAMLI Universitas Mercu Buana
  • Dudi PERMANA Universitas Mercu Buana
  • Aji Erlangga MARTAWIREJA Ahmad Dahlan Institute Technology & Business
  • Mafizatun NURHAYATI Universitas Mercu Buana
  • Eko Tama Putra SARATIAN Universitas Mercu Buana
  • Harefan ARIEF Universitas Mercu Buana
Keywords: BMT, Sharia Financial Institutions, Micro Finance Institutiions, Social Impact

Abstract

Baitul Mal Wa 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.

Keywords: BMT, Sharia Financial Institutions, Micro Finance Institutions, Social Impact

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Published
2021-10-10
How to Cite
SOELTON, M., RAMLI, Y., PERMANA, D., MARTAWIREJA, A., NURHAYATI, M., SARATIAN, E., & ARIEF, H. (2021). INCREASING SMEs SOCIAL IMPACT WITH BAITUL MAAL WAT TAMWIL. ICCD, 3(1), 52-56. https://doi.org/10.33068/iccd.Vol3.Iss1.299
Section
Articles