The Role of Islamic Microfinance Institution in Empowering Indonesian Fishing Communities

Alam, Azhar; Nizam, Renaldi Sahrul; Hidayat, Muhamad Taufik

doi:10.13189/ujaf.2021.090205

Cited by 12 publications

(12 citation statements)

References 20 publications

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“…As previously found(Alam et al, 2021), Islamic banks and other Islamic financial institutions have not been able to touch the grassroots. Islamic banks can channel their funds more to Baitul Maal wa Tamwil (BMT) or Islamic Microfinance Institution (IMFI) whose existence is very close to the community.…”

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confidence: 69%

The effect of profitability, size and Shariah supervisory board of an Indonesian Islamic bank on the Islamic social reporting disclosure

Fachrurrozie

Nurkhin

Wahyudin

et al. 2021

Banks and Bank Systems

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This paper analyzes the effect of profitability and size of Indonesian Islamic banks on the level of Islamic Social Reporting (ISR) disclosure. This study also investigates the role played by the Sharia Supervisory Board (SSB) in the effect of profitability and size of an Islamic bank on ISR disclosure. The presence of SSB is very important in the operations of Islamic banks. SSB should be involved in important company decisions, including the ISR disclosure. The study covers all 14 Indonesian Islamic commercial banks as a population; the analysis will be conducted based on annual reports of the banks’ divisions for the period 2014–2018. A documentation technique was used to collect the data. Moderated Regression Analysis (MRA) was used for data analysis. The results show that the adjusted R-squared coefficient of the equation is 0.341. R-squared contributions of ROA, ROE, size, and SSB are –0.093, 0.010, 0.983, and –0.081. Other results show that profitability (ROA) and size (total assets) significantly affect the level of ISR disclosure among Indonesian Islamic banks. However, the results were indifferent regarding the role of SSB. There is no significant effect of SSB on ISR disclosure. SSB was important for moderating the relationship between profitability (ROA and ROE) and bank size and ISR disclosure level. SSB’s involvement in the decision making of Islamic banks will have a positive effect on the activities of Islamic banks. Islamic banks will tend to have a high level of ISR. Further researchers can develop SSB measurements for more accurate results.

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confidence: 69%

The effect of profitability, size and Shariah supervisory board of an Indonesian Islamic bank on the Islamic social reporting disclosure

Fachrurrozie

Nurkhin

Wahyudin

et al. 2021

Banks and Bank Systems

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“…Sabiti and Effendi (2017) stressed that sharia microfinance for the poor decreases current poverty rates, as seen from micro-businesses after financing. Sharia microfinance is a financing concept based on the sharia economy, which applies the teachings of mutual help between the rich and the poor (Alam et al, 2021). Such financing will boost the community's economy and create equitable prosperity and justice.…”

Section: Literature Reviewmentioning

confidence: 99%

A sharia economic collaboration model and its positive impact on developing of poor villages: A study in Indonesia

Alam

Ratnasari

Habibi

et al. 2022

Public and Municipal Finance

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The economic development of villages has a substantial impact on community welfare. It can become the backbone of the national economy. However, significant obstacles in village development are lack of human resources (HR), high poverty rates, poor common welfare, justice, and prosperity values. In 2022, in Indonesia there are 9584 underdeveloped villages. Some of the causes of the weak economic condition of a village are economic potential was not optimized, and excessive government interference stifled creativity and independence. This study seeks to explore the extent of the positive impact of the sharia economic implementation model in developing the village’s economy and the model’s potential as an alternative solution to building the economy of poor villages. This paper used descriptive qualitative methods, observations, and interviews with community leaders, community representatives, and the regency office. The results show that the economic development strategies carried out by Gerdu Village had three stages, namely (1) education and cooperation, (2) implementation and management, and (3) evaluation and planning. In addition, the internal driving factor behind the success of the village’s development lies in the activeness of village leaders in implementing sharia economics. As for cooperation with external parties, National Zakat Institution, related local department government, and other institutions around the village have also actively assisted in its development. Positive impacts on the community include increased employment opportunities, income, tourist visits, and tourism and language village programs. This study is expected to be one of the references to explain the Islamic economy’s role in advancing the poor village’s economy. AcknowledgmentWe would like to express our utmost gratitude to the Department of Sharia Economic Law Study Program, Universitas Muhammadiyah Surakarta and the Department of Islamic Economics, Universitas Airlangga for supporting this study and its publication process.

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“…BMT provides the BMT application with the following service features: a) Hira account info, b) Hira account balance check, c) Financing check, d) Transfer e) Mutations, f) Hira news or products, g) Hira branch office location, h) Infaq, i) Prayer times. [35] The terms and conditions for applying for financing are as follows: 1). Participants are members of BMT, 2).…”

Section: Bmt Strategyindependent Islamic Shariamentioning

confidence: 99%

The Strategy of Sharia Financial Institutions in Attracting Customer Interest in Financing in the Era of the Covid-19 Pandemic

Muthoifin¹,

Haris²,

Zulehana³

2022

Proceedings of the 1st International Seminar on Sharia, Law and Muslim Society (ISSLAMS 2022)

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This pandemic disaster resulted in many people losing some of their income due to a drastic decline in business and company turnover, resulting in an unstable economy. The purpose of this research is to reveal various strategies of Islamic Financial Institutions to attract customers' interest in financing in the era of the Covid-19 pandemic. This research method uses field research at KSPPS BMT Syariah Mandiri Ngemplak Boyolali, with research using qualitative descriptive methods. Data collection techniques by direct interview, observation, and documentation, while the data analysis uses the deductive. Research result shows that the strategy carried out by KSPPS Independent Islamic Sharia BMT to attract customers' interest in doing financing in the era of the Covid-19 pandemic, is a way of emphasizing marketing on social media networks such as Instagram, Facebook, and WhatsApp, providing customer pick-up services from house to house, giving souvenirs to old and new members who are still actively using saving and financing services, conducting friendships with old members who no longer have savings and financing at BMT to return to using and utilizing sharia financing services. This research implies that several appropriate strategies can be applied in attracting public interest in continuing to carry out Islamic financing in BMT as in the results of this study.

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The Role of Islamic Microfinance Institution in Empowering Indonesian Fishing Communities

Cited by 12 publications

References 20 publications

The effect of profitability, size and Shariah supervisory board of an Indonesian Islamic bank on the Islamic social reporting disclosure

The effect of profitability, size and Shariah supervisory board of an Indonesian Islamic bank on the Islamic social reporting disclosure

A sharia economic collaboration model and its positive impact on developing of poor villages: A study in Indonesia

The Strategy of Sharia Financial Institutions in Attracting Customer Interest in Financing in the Era of the Covid-19 Pandemic

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