Open AccessPRIORITIZING THE ROLE OF BAITUL MAAL WAT TAMWIL IN EMPOWERING THE COMMUNITY'S ECONOMY
Author(s) -
Daru Asih,
Wiwik Utami,
Erna Sofriana Imaningsih,
Tine Yuliantini,
Mochamad Soelton,
Aji Erlangga Martawireja,
Arief Bowo Prayoga Kasmo
Publication year - 2021
Publication title -
international conference on community development
Language(s) - English
Resource type - Journals
ISSN - 2622-5611
DOI - 10.33068/iccd.vol3.iss1.301
Subject(s) - competitor analysis , competition (biology) , order (exchange) , face (sociological concept) , quality (philosophy) , business , investment (military) , marketing , face to face , public relations , accounting , political science , sociology , finance , law , social science , ecology , philosophy , epistemology , politics , biology
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.
Keywords: BMT, Sharia Financial Institutions, Micro Finance Institutions, Social Impact