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All Journal El-Barka: Journal of Islamic Economics and Business Niqosiya: Journal of Economics and Business Research
Raisha Salisa Ahmad
Pamukkale University
Economics, Econometrics & Finance Social Sciences

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Learning from the Bangladeshi Islamic Microfinance Model for Sharia Microfinance Development in Indonesia Adinda Rizqi Nur Azizah; Amin Wahyudi; Raisha Salisa Ahmad
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.12329

Abstract

The extreme institutional fragmentation of Indonesia's 4,500+ BMT units has led to an inability to achieve economies of scale despite serving 3.7 million customers with assets of Rp 16 trillion, while the Bangladesh centric bank model (RDS-IBBL) serves 520,000 members with high efficiency but at the expense of social closeness, creating a trade-off of efficiency versus embeddedness that requires systematic investigation. The research uses a comparative qualitative method by analyzing academic literature 2008-2025, institutional reports (UNDP, Bangladesh Bank, OJK, LAZ), and regulatory documents through comparative descriptive analysis of six dimensions with multi-source triangulation validity. Empirical findings show that the Bangladesh bank-centric model achieved a recovery rate of >95% and increased the income of 72% of participants, while the Indonesian community-based model had a recovery rate of 85-90% but was resilient during the 1997-1998 crisis, with a dominance of 70-80% in both countries, explained five factors: transaction cost economics, extreme information asymmetry, institutional path dependency, regulatory constraints, and customer preference for certainty. The theoretical contribution validates the path dependency theory that institutional design shaped by historical trajectories is different (the legacy of the Grameen Bank versus the tradition of mutual cooperation) and rejects the assumption of convergence by proving persistent diversity that is context-dependent. The policy implications include five recommendations: a national apex body BMT for shared services while preserving local autonomy; Sharia Microfinance Academy with a target of 5,000 certified professionals in 5 years; harmonization of OJK regulations, Ministry of Cooperatives, Ministry of Religion; dual-track financing strategy to increase PLS proportion from <20% to 40% in 5 years; and the Structured Waqf Zakat Microfinance Integration Model Graduated Approach (70-80% Mustahiq to become muzakki in 2-3 years), requires a national coordination framework to transform the MFI ecosystem from atomistic fragmented to networked professionals to contribute optimally to the SDGs.
Effectiveness of Training Program Implementation at the Neutral Ponorogo Course and Training Institute: An Islamic Economic Perspective Fauzah Agustina; Khoirun Nisak; Raisha Salisa Ahmad
Niqosiya: Journal of Economics and Business Research Vol. 5 No. 1 (2025): January-June 2025
Publisher : Universitas Islam Negeri Kiai Ageng Muhammad Besari Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/niqosiya.v5i1.4460

Abstract

Introduction: The Course and Training Institution (LKP) plays a strategic role in improving the quality of human resources. LKP Neutral Ponorogo is one of the institutions that offers a batik training program to enhance the skills of participants. However, as the program progresses, it is important to assess whether it is truly effective in providing an impact, particularly in improving the quality of human resources for students. This study aims to analyze the effectiveness and impact of the training program implemented by LKP Neutral Ponorogo. Research Methods: This study uses a qualitative method. Data were collected through interviews, observations, and documentation, then analyzed through reduction, presentation, and drawing conclusions. The validity of the data was tested using triangulation techniques, and research informants included leaders, staff, and training participants at LKP Neutral. Results: The research findings indicate that the training program at LKP Neutral Ponorogo has been quite effective in improving human resource quality, while also contributing to economic empowerment and enhancing participants' work ethics from an Islamic economic perspective. Despite facing several challenges, the program has had a positive impact, as reflected in the participants' improved knowledge, skills, and abilities. Conclusion: The batik training program conducted by LKP Neutral Ponorogo demonstrates the potential of vocational education in shaping a skilled, ethical, and economically empowered society. With continuous improvement and support, such initiatives can serve as a model for enhancing human resource development by Islamic economic values.
Co-Authors Adinda Rizqi Nur Azizah Amin Wahyudi Fauzah Agustina Khoirun Nisak