scholarly journals Islamic Micro Finance Melati: Sebuah Upaya Penguatan Permodalan bagi Pedagang Pasar Tradisional

2017 ◽  
Vol 8 (1) ◽  
pp. 27
Author(s):  
Sabirin Sabirin ◽  
Dini Ayuning Sukimin
Keyword(s):  
Management Strategy ◽  
Microfinance Institutions ◽  
Working Capital ◽  
Traditional Markets ◽  
Traditional Market ◽  
Microfinance Institution ◽  
Capital Financing ◽  
Islamic Microfinance ◽  
The Right ◽  
Loan Shark

<p class="IABSSS"><span lang="NL">The purpose of t</span>his research is to examines Islamic Micro Finance <em>Melati</em> <em>(</em><em><span lang="NL">Melawan </span></em><span lang="NL">Rentenir</span><em>)</em> in helping traders in traditional markets to avoid the practice of loan sharks. This article uses descriptive explorative approach by analyzing the right strategy in the management of islamic micro finance institution targeting especially for traders in traditional market in Indonesia. From this study obtained the following conclusions. <em>First</em>, the design of Islamic Micro Finance <em>Melati</em> in order to create an easy Islamic microfinance institution in providing capital financing is very suitable in overcoming the practice of loan shark. <em>Second</em>, working capital is channeled using a system of cooperation whereby the trader is obliged to return the principal and profit share of the profit. <em>Third</em>, the organizational structure and management patterns that are not complicated will make Islamic Micro Finance <em>Melati</em> is easy to realize. <em>Fourth</em>, the existence of Islamic Micro Finance <em>Melati</em> can be an example for other Islamic microfinance institutions in managing management strategy so that sharia microfinance institution can be the main choice for micro business actors.</p><p class="IABSSS"><span lang="NL">Tujuan penelitian ini untuk m</span><span lang="NL">engkaji <em>Islamic Micro Finance </em>Melati<em> </em>(Melawan Rentenir)<em> </em>dalam membantu pedagang di pasar tradisional dari praktik rentenir. </span>P<span lang="NL">enelitian </span>ini <span lang="NL">menggunakan pendekatan eksploratif deskriptif dengan menganalisis strategi yang tepat dalam pengelolaan lembaga keuangan mikro syariah yang menyasar para pedagang di pasar tradisional di Indonesia.</span><span lang="NL">Dari penelitian ini diperoleh kesimpulan: <em>Pertama</em>, desain <em>Islamic Micro Finance </em>Melati<em> </em></span>dalam rangka <span lang="NL">menciptakan lembaga keuangan mikro syariah yang mudah dalam memberikan pembiayaan permodalan sangat cocok dalam mengatasi praktik rentenir. <em>Kedua</em>, modal kerja yang disalurkan menggunakan sistem kerjasama dimana pedagang wajib mengembalian pokok dan bagi hasil dari keuntungan. <em>Ketiga</em>, struktur organisasi dan pola pengelolaan yang tidak rumit akan membuat <em>Islamic Micro Finance </em>Melati ini mudah untuk direalisasikan. <em>Keempat</em>, keberadaan <em>Islamic Micro Finance </em>Melati dapat menjadi contoh bagi lembaga keuangan mikro syariah lainnya dalam pengelolaan strategi pengelolaan sehingga lembaga keuangan mikro syariah dapat menjadi pilihan utama bagi pelaku usaha mikro</span><span lang="NL">.</span></p>

scholarly journals Akad Tijarah Dalam Praktek Di Lembaga Keuangan Mikro Syariah - BMT

2020 ◽  
Vol 2 (1) ◽  
pp. 15-28
Author(s):  
Nandang Ihwanudin ◽  
Handri Handri ◽  
Deden Gandana Madjakusumah ◽  
M Munir Asrori
Keyword(s):  
Case Studies ◽  
Trade Agreement ◽  
Profit Sharing ◽  
Business Practices ◽  
Microfinance Institutions ◽  
Literature Reviews ◽  
Microfinance Institution ◽  
Islamic Microfinance

Purpose- Akad tijarah as a form of trade agreement has several types, in which needs to be adjusted to each necessity. It is important for related parties to understand what and how akad ijarah works. This article analyses how far the contribution of an Islamic microfinance institution (LKMS) nowadays, considering there are nash (Al-Qur’an and Al-Hadits) and also fatwa the national sharia council (DSN) MUI. Methods- Case studies and literature reviews are used to evaluate sharia business practices in BMT. Findings- Sharia microfinance institutions, in this case, BMT TUMANG, have carried out sharia principles in practice, especially for tijarah agreements with documents in the form of SOM and SOP as well as financing contracts (agreements), both in the principle of sale and profit-sharing. Implications/Limitations- This study is limited to one branch of the BMT so it cannot describe the overall practice carried out in other regions.

scholarly journals Sharia Hybrid Contract Compliance of Islamic Microfinance Institutions in Jepara Regency

2020 ◽  
Vol 4 (2) ◽  
pp. 441
Author(s):  
Mahmudatus Sa’diyah ◽  
Asep Gugun Gumilar ◽  
Edi Susilo
Keyword(s):  
Content Analysis ◽  
Field Research ◽  
Analysis Approach ◽  
Microfinance Institutions ◽  
Hybrid Products ◽  
Contract Compliance ◽  
Microfinance Institution ◽  
Islamic Microfinance

The purpose of this study was to examine the sharia compliance of the Hybrid Contract of the Syriah Microfinance Institution (LKMS) in Jepara Regency. This type of research is a Field Research, using a content analysis approach; to interpret data not as a series of physical events, but as symbolic symptoms to reveal the meaning contained in a text, and the understanding of the message presented. The research object selected was BMT in Jepara Regency which applies contract and unique hybrid products, namely BMT Mitra Muamalah (Mitramu) which has the product "Gold Pawn" and BMT Harapan Bersama (HARBER) which has a Musyarakah Mutanaqishah (MMq) product. The results showed that the Musyarakah Mutanaqishah (MMq) financing agreement at BMT Harapan Bersama (HARBER) Jepara was in accordance with the DSN-MUI fatwa NO: 73 / DSN-MUI / XI / 2008. Rahn's contract which is run by BMT Mitra Muamalah Jepara is in accordance with the DSN-MUI Fatwa Number: 25 / DSN-MUI / III / 2002, and Fatwa DSN-MUI Number: 26 / DSN-MUI / III / 2002.. Weak internal and external supervision at Cooperative entities, the implementation of hybrid contracts in the field is prone to deviations and falling to "Riba".

scholarly journals INTERAKSI SOSIAL ANTARA DIFABEL DENGAN PEDAGANG PASAR TANGGUL DI KOTA SURAKARTA

2020 ◽  
Vol 9 ◽  
Author(s):  
Johan Effendy Dwi Saputra
Keyword(s):  
Social Interaction ◽  
Rapid Development ◽  
George Herbert ◽  
George Herbert Mead ◽  
Goods And Services ◽  
Traditional Markets ◽  
Traditional Market ◽  
The Disabled ◽  
The Right ◽  
Market Trader

<p><em>The rapid development and growth in the trade sector makes the traditional market a place where sellers and buyers exchange for goods and services. With the traditional market everyone has the right to access it as well as the diffable that have special needs. This research aims to determine the social interaction between the disabled and the market trader of Surakarta City and to know the service provided by the trader to the diffable. This study used the symbolic interacionism theory of George Herbert Mead. This research with a qualitative descriptive approach gathered from findings in the field through observation, in-depth interviews and documentation. The results of this research show that the form of social interaction that occurs between the diffable with the market trader of the city embankment of Surakarta is associative and dissociative. Pasar Tanggul also provides some services to the diffable by providing a friendly smile, good service by traders and market managers, whether it is to serve the diffable honestly and help the diffable in shopping. So that the diffable feel comfortable with the service provided. In addition, it is also supported and availability of accessible facilities that facilitate the accessibility of Tanggul market.</em></p><p><strong><em>Keywords:</em></strong><strong> </strong><strong><em>Social interactions, Diffable, Merchants, Traditional Markets.</em></strong></p><p><strong><em> </em></strong></p><p><strong>Abstrak</strong><strong></strong></p><p>Perkembangan dan pertumbuhan yang sangat pesat dalam sektor perdagangan menjadikan pasar tradisional sebagai tempat penjual dan pembeli mengadakan pertukaran barang dan jasa. Dengan adanya pasar tradisional semua orang berhak untuk mengaksesnya begitu juga dengan difabel yang memiliki kebutuhan khusus. Penelitian ini bertujuan untuk mengetahui bentuk interaksi sosial antara difabel dengan pedagang Pasar Tanggul Kota Surakarta dan Untuk mengetahui pelayanan yang diberikan pedagang terhadap difabel. Penelitian ini menggunakan teori Interaksionisme Simbolik dari George Herbert Mead. Penelitian ini dengan pendekatan deskriptif kualitatif yang dikumpulkan dari hasil temuan di lapangan melalui observasi, wawancara mendalam dan dokumentasi. Hasil penelitian ini menunjukkan bahwa bentuk interaksi sosial yang terjadi antara difabel dengan pedagang Pasar Tanggul Kota Surakarta yaitu asosiatif dan disosiatif. Pasar Tanggul juga memberikan beberapa pelayanan terhadap difabel dengan memberikan senyuman yang ramah, pelayanan yang baik oleh pedagang maupun pengelola pasar, baik itu dalam melayani difabel dengan jujur dan membantu difabel dalam berbelanja. Sehingga difabel merasa nyaman dengan pelayanan yang diberikan. Selain itu juga didukung dan tersedianya fasilitas yang ramah difabel yang mempermudah difabel dalam mengakses Pasar Tanggul.</p><p><strong>Kata kunci:</strong><strong> </strong><strong>Interaksi Sosial, Difabel, Pedagang, Pasar Tradisional.</strong><strong></strong></p><p><strong> </strong></p>

scholarly journals Innovation of Risk Mitigation Model for Islamic Equaty-Based Financing in Islamic Microfinance Institutions in Indonesia

2021 ◽  
Vol 124 ◽  
pp. 10004
Author(s):  
Muhammad Pisol Bin Mat Isa ◽  
Naelati Tubastuvi ◽  
Sri Wahyuni ◽  
Maran Marimuthu ◽  
Ridhuan Tony ◽  
...  
Keyword(s):  
Business Strategy ◽  
Financial Institution ◽  
Risk Mitigation ◽  
Structured Interview ◽  
Payment System ◽  
Business Failure ◽  
Microfinance Institutions ◽  
Microfinance Institution ◽  
Islamic Microfinance ◽  
Selection Of

Islamic Microfinance institution (MFI) funded either by government or private financial institutions are playing an instrumental role in discharging business fund to the eligible micro entrepreneurs (ME). The potential of micro entrepreneurs to succeed in their business is always becoming a central issue, this is due to the ability to manage the business strategy in a sustainable manner. The fund transacted in micro financing industry is small in term of quantity, therefore it also generates small profit to both parties MFI and ME, it may not be profitable in the eye of financial institution such as bank or Microfinance institution such as Baitul Mal wa Tamwil, moreover the financing risk is always high because some of the financing given without proper risk mitigation could lead into financial failure. The above reasons have influenced most of the MFIs’s decision to abstain from providing equity-based financing, where the concept very much suitable and workable to bring out the groups of MEs from poverty list in comparison to debt-based financing. Equity-based financing require bigger commitment and intervention from MFI in business in term of coaching, training and managing cash flow of the business. Islamic equity-based financing is about profit and loss sharing (PLS) financing. Where both parties have to bear financial consequences in the event of business failure. The failure in business would cause non-performing financing (NPF) to the financial institution and could effect the financial position for that particular year of report. The continuous NPF to the MFI can risk the company future plan. Thus, this study aimed to explore the mechanism of risk mitigation for equity-based financing which can be adopted by Islamic microfinance institutions around the would. The mechanism used to suggest in area of governance, selection of entreprenuer, financing arrangement, payment system and business business sectors. The study applied content analysis to collect the history data of equity-based financing as offered by BMT and MFIs in Indonesia, the data informed researcher on the success and failure story, the study also applied structured interview with managers who are responsible on risk mitigation. The study found that BMT and MFIs in Indonesia are well-organized, the governance and selection of entreprenuer are palying significant role while the payment system which includes the collatoral against any negligence posits an effective way in mircofinance mitigation model.

scholarly journals Implementation of the Islamic Economics in the Traditional Market of Brebes Regency

2020 ◽  
Vol 1 (3) ◽  
pp. 36-40
Author(s):  
Akbar Nuur Purnama Darma Wahana ◽  
Muhammad Syaifulloh
Keyword(s):  
Business Ethics ◽  
Research Method ◽  
Structured Interviews ◽  
Descriptive Data ◽  
Traditional Markets ◽  
Traditional Market ◽  
Islamic Business Ethics ◽  
Qualitative Descriptive ◽  
Islamic Economic ◽  
Loan Shark

The concept of Islamic Economics emphasizes that market Trading and pricing need to be regulated to uphold market balance and economic justice in view of interests of those involved in the market. This study aims to analyze the Islamic Economy’s observance in accordance with Islamic sharia in the traditional markets, the number of merchant populations used as samples was 138 people, the research method uses qualitative descriptive, data collection techniques by observation and structured interviews. The results showed that traders in the traditional market of Manis Kosambi Cikakak Village had practiced trade with Islamic Business Ethics. The Practice of Islamic Economy in the Traditional Market of Brebes Regency had been carried out by most traders almost 84.8%. The system of commerce with the islamic economy is rooted in and habutual practices with islamic business ethics, doing bussiness by selling clean products, honesty, openness, fair, and by backing out of riba, or loan shark has been accustomed by traditional merchants of Brebes Regency in Manis Kosambi market Cikakak Village of Brebes Regency Keywords: Islamic Economic Traditional Market

scholarly journals Financial and Social Performances of Islamic Microfinance Service Provider With Mobile Banking

2019 ◽  
Vol 10 (5) ◽  
pp. 181
Author(s):  
Afifa Malina Amran ◽  
Intan Salwani Mohamed ◽  
Sharifah Norzehan Syed Yusuf ◽  
Nabilah Rozzani
Keyword(s):  
Social Performance ◽  
Accounting Information ◽  
Standard Of Living ◽  
Mobile Banking ◽  
Microfinance Institutions ◽  
Accounting Information System ◽  
Qualitative Approaches ◽  
Islamic Financial Institutions ◽  
Microfinance Institution ◽  
Islamic Microfinance

In Malaysia, Islamic microfinance institutions (IMFIs) are part of Islamic financial institutions and have been established to provide Islamic microfinance products (interest free loans). Their aim is to promote trade activities among Islamic microfinance recipients in improving their standard of living. Information and data gathered can be used as evidence to prove that Islamic microfinance has traits that provide a support system for the poorest of the poor. This study hence intends to investigate the application of technology by Islamic microfinance institutions within a context of its accounting information system through the usage of mobile banking. This study is conducted using qualitative approaches via interviews to obtain in depth understanding of mobile banking usage at an Islamic microfinance institution. Financial data, as well as data on the total number of loan recipients (sahabats) is referred by the study in investigating another aspect of social performance in terms of vicegerency and accountability of the IMFI. Extensive application of vicegerency concept in explaining the findings is parallel to Shari'ah Foundation for Accountants in outlining characteristics of Muslim accountants in preventing them from doing prohibited actions.

scholarly journals Consumer Knowledge and Decisions Becoming Customer Islamic Microfinance Institutions

2020 ◽  
Vol 4 (1) ◽  
pp. 70-92
Author(s):  
Intan Qurratulaini
Keyword(s):  
Financial Institutions ◽  
Research Method ◽  
Profit Sharing ◽  
Islamic Banking ◽  
Consumer Knowledge ◽  
Microfinance Institutions ◽  
Calculation Results ◽  
Microfinance Institution ◽  
Islamic Microfinance ◽  
The Many

This study aims to determine the effect of consumer knowledge about Islamic banking on the decision to become a customer at a Sharia Microfinance Institution (LKMS). A research method is a quantitative approach, where data is obtained through questionnaires (questionnaires), interviews, and documentation. After the data was obtained, the researcher analyzed it using regression analysis. Partial calculation results show that consumer knowledge about Islamic banking influences the decision to become a customer. One of the toughest challenges that many LKMS are now facing is the many accusations that LKMS is just conventional financial institutions with a sharia label added. LKMS consumers, becoming customers only want to secure their money or because of the profit-sharing offered by LKMS so that they can facilitate their economic path, besides that, they are also interested in the Islamic label or sharia system developed by the LKMS but in detail, they do not understand the process of implementing the sharia, but whether One's knowledge of sharia in the LKMS is a factor in the decision to become an interesting customer for further investigation.

scholarly journals AN EMPIRICAL STUDY OF ISLAMIC MICROFINANCE PERFORMANCE FOR POOR FAMILY: MAQASHID AL-SHARIA PERSPECTIVE

2020 ◽  
Vol 3 (01) ◽  
pp. 46
Author(s):  
Aas Nurasyiah
Keyword(s):  
Performance Measurement ◽  
Quantitative Research ◽  
Research Result ◽  
Microfinance Institutions ◽  
Family Economy ◽  
The Family ◽  
Microfinance Institution ◽  
Sample Technique ◽  
Islamic Microfinance ◽  
Technical Effort

<p><em>This research motivated by Islamic Microfinance performance measurement which still adopting on the performance measurement of microfinance in general that limited to the measurement of material. Therefore, efforts urgently needed to introduce more holistic measurement in assessing the performance of Islamic Microfinance based on tawheed principle. Thus, this study aims to measure the performance of Islamic Microfinance institutions based on Maqashid Al-Sharia. This research method uses quantitative approach with descriptive quantitative research design, which measures variables based on certain indicators. The location of the research is KOPMU-DT as one of the Islamic Microfinance institutions located in Bandung. The population of the study was the members KOPMU-DT wide-spread, among thousand people, but the withdrawal sample technique uses non-probability sampling with a sample of 100 members, based on the criteria that have been determined. Based on the research result, generally the members of KOPMU-DT increased living standards of the family economy and the performance of running micro-businesses. In Maqashid Al-Sharia perspective, the members experience a change in the principles of Ad-Din Al-Aql, A-nafs, An-Nasl and Al-Maal. However, among five principles, Al-Aql increases lower than other principles. In the future, to improve the performance of Islamic Microfinance, especially in KOPMU-DT, needs technical effort / business of accompaniment improvement to develop entrepreneurship from members. In addition, needs to give appreciation to the consistent members and disciplined in order to refund to add its financing to stimulate the operating business, without losing spiritual accompaniment to strengthen the achievement of Maqashid Al-Sharia of the empowerment members of Islamic Microfinance institution.</em></p><strong><em>Keywords: </em></strong><em>Islamic Microfinance, Maqashid Al-Sharia, Performance</em>

scholarly journals PEMODELAN KAWASAN PASAR SOUVENIR DI DESA TOMOK (Objek Kasus : Desa Wisata Tomok, Kabupaten Samosir, Sumatera Utara)

2019 ◽  
Vol 2 (1) ◽  
pp. 21-30
Author(s):  
Ida Nova Sitohang ◽  
Raimundus Pakpahan ◽  
Shanty Silitonga
Keyword(s):  
Market Area ◽  
Economic Activities ◽  
Traditional Markets ◽  
Physical Time ◽  
Traditional Market ◽  
Modelling Methodology ◽  
The Right ◽  
Market Criteria

The tourist market or souvenir shop is a place of sale and purchase transactions in the tourist area that sells merchandise. The tourism market can be classified into traditional markets according to the physical, time, area of activities and goods traded. The tourism market can also be classified as a traditional market according to its function as culture, a market that has multi roles, not only acts as a meeting place between sellers and buyers but the market also has a function as a meeting place for each of those who use the market. Trading is one of the economic activities of the Tomok tourism village. The souvenir shop shows a lot of variants in terms of size / area, shape and ownership of the shop. It is importance to provide the right model in the souvenir market area in Tomok village. The research is using Modelling methodology. The benefit of this study is to find a model of the souvenir market area in Tomok tourism village that meets the souvenir market criteria.

scholarly journals Business Model of Islamic Microfinance Institution: Indonesia Case

2017 ◽  
Vol 2 (1) ◽  
pp. 22-30
Author(s):  
Imron Mawardi ◽  
Tika Widiastuti ◽  
Ari Prasetyo
Keyword(s):  
Business Model ◽  
Business Models ◽  
Jel Classification ◽  
Microfinance Institutions ◽  
Social Functions ◽  
Social Entity ◽  
Organizational Orientation ◽  
Microfinance Institution ◽  
Islamic Microfinance

Objective - Islamic Microfinance Institutions (IMFIs) grown very rapidly in the last 10 years in Indonesia. On 2015, the number of IMFIs' reached more than 5,000. As a business and social entity, IMFIs has various business models, the way in providing services and manages the business to achieve its goals. This study aims to determine the business models of IMFIs. Methodology/Technique - This study uses qualitative approach by case study technique of Robert K. Yin. Subjects of this study are IMFIs in Indonesia that selected purposively with managers as a key informant. Findings - The result is the business model of IMFI is determined by eight elements, namely: organizational orientation, business and social functions, the source of capital and allocation, investors and customers, financing usage, types of contract, allocation technique, and membership. Novelty - The elements that determine IMFI, will form a business model of IMFI which determine how IMFI runs its business activities to achieve organization objective. Type of Paper Review Keywords: Islamic Microfinance Institution; Business Model; Social Function. JEL Classification: G21, L22.

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