Enhancing the role of Baitul Maal in giving Qardhul Hassan financing to the poor at the bottom of the economic pyramid

Abstract

Purpose Baitul Maal wa Tamwil (BMT) is an Islamic microfinance institution created by combining the functionality of Baitul Maal and Baitul Tamwil in Indonesia. While Baitul Maal plays the role of an institution that collects funds from zakah, cash waqf, infaq and sadakah, Baitul Tamwil then distributes these funds in the form of Qardhul Hassan financing to the poor at the bottom of the economic pyramid (BOP). This study aims to explain the poverty alleviation effort by BMT regarding its role in providing Qardhul Hassan financing to the people at the BOP and provide practical suggestions to maximize the outreach performance of the BMT. Design/methodology/approach In this methodology, the study adopts the qualitative analysis of reviewing the literature and interviewing the BMT staff in Jakarta, Makassar and Nusa Tenggara Barat areas to present the views of the practitioners related to the role of Baitul Maal in giving Qardhul Hassan financing to the people at the BOP using appreciative intelligence framework. Findings The study finds that BMT in Indonesia needs several stage-specific structures and roles to be effective. In particular, there is a need to separate the function of Baitul Maal from Baitul Tamwil to enhance its role when giving Qardhul Hassan financing to the people at the BOP. The role of Baitul Maal in alleviating the poverty figure is also drawn in this study. Originality/value The findings of this study add to the literature on Baitul Maal by enabling researchers and practitioners to appreciate the role of Baitul Maal, and these findings also contribute towards enriching the knowledge in Baitul Maal and financing requirements of the poor at the BOP. This paper also contributes to the field of Islamic accounting which is currently getting prominent.

Baitul Mal wa Tamwil berbasis Wakaf untuk Membebaskan Masyarakat dari Riba

“…Telah banyak peneliti yang melakukan kajian terkait lembaga keuangan mikro syariah termasuk BMT di dalamnya. Akan tetapi, penelitian-penelitian tersebut pada umumnya menekankan pada kontribusi BMT dalam pengentasan kemiskinan (Abdullah & Ismail, 2017;Sholihin et al, 2018;Rozzani, 2017;Wulandari, 2019;Wulandari & Kassim, 2016). Adapun kajian yang secara spesifik membahas peran BMT dalam mengatasi riba masih jarang dilakukan.…”

Riba Versus Sedekah Sebagai Konsideran Tazkiyah Akuntansi Dan Bisnis

“…Rasulullah SAW memobilisasi Anshar untuk menopang hidup Muhajirin dengan kebijakan ukhuwah (persaudaraan) dan takaful (saling membantu dan meringankan). Tradisi fikih menegaskan peran nadhir (pengelola wakaf) dalam pendayagunaan wakaf (Ryandono & Wijayanti, 2019;Wulandari, 2019). Demikian pula dengan penghapusan riba, Rasulullah SAW menegaskan "Semua riba hari ini dihapus, dan riba pertama yang dihapus adalah riba pamanku Al-Abbas" (HR.…”

Model Akad Qardhul Hasan Pada Usaha Mikro Kecil Menengah

“…Penelitian (Wulandari, 2019) tentang Enhancing the role of Baitul Maal in giving Qardhul Hassan financing to the poor at the bottom of the economic pyramid. Menemukan bahwa BMT di Indonesia membutuhkan beberapa struktur dan peran spesifik untuk menjadi efektif.…”