Agus Mushodiq
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AN ANALYSIS OF THE EFFECTIVENESS OF AL-QARDH FINANCING ON MICRO BUSINESS DEVELOPMENT Diana Nur Sena Wati; Finny Ligery; Agus Mushodiq
Jurnal Dinamika Ekonomi Syariah Vol. 13 No. 1 (2026): Jurnal Dinamika Ekonomi Syariah
Publisher : Program Studi Ekonomi Syariah, Universitas Pangeran Diponegoro Nganjuk

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53429/jdes.v13i1.2099

Abstract

This study aims to analyze the effectiveness of Al-Qardh financing in supporting the development of micro-businesses. Al-Qardh is a non-interest benevolent loan intended to provide financial assistance for productive needs without commercial motives. Limited capital and insufficient financial knowledge often hinder small communities from expanding their businesses, making Al-Qardh a potential solution for empowering micro-enterprises. This research employs a qualitative field approach with data obtained through observation, interviews, and documentation. The informants include management, employees, and financing members of BMT Assyafi’iyah. The collected data were analyzed using an inductive thinking pattern to derive conclusions based on empirical findings. The results indicate that the implementation of Al-Qardh financing is generally effective in facilitating business growth. The financing procedure, eligibility assessment, disbursement mechanism, installment payment system, and monitoring process align with the concept of qardhul hasan as a loan provided without compensation, requiring borrowers to return the principal amount within the agreed period. Furthermore, Al-Qardh financing contributes to increasing business capital and encourages business continuity among members
EFFECTIVENESS AND SUSTAINABILITY OF THE NU COIN MOVEMENT PROGRAM IN ENHANCING COMMUNITY WELFARE Kiki Yulinda Ningsih; Didik Kusno Aji; Agus Mushodiq
Jurnal Dinamika Ekonomi Syariah Vol. 13 No. 1 (2026): Jurnal Dinamika Ekonomi Syariah
Publisher : Program Studi Ekonomi Syariah, Universitas Pangeran Diponegoro Nganjuk

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53429/jdes.v13i1.2125

Abstract

This study examines the persistent issue of poverty within Muslim communities in Indonesia, particularly in Raman Utara District, despite Islamic teachings that emphasize zakat, infaq, and almsgiving as instruments for social welfare. Specifically, the research analyzes the effectiveness of the NU Coin Movement Program in improving community welfare, highlighting the fact that although the program was initially implemented in ten villages, eight of them have stagnated or ceased operations over the past two years. This condition indicates a lack of consistency and sustainability in program implementation. The study employs a qualitative descriptive field research approach. Data were collected through direct observation and semi-structured interviews with beneficiaries, NU Care-LAZISNU administrators, and community leaders in Raman Utara, supported by secondary data from the Central Bureau of Statistics, institutional reports, and academic journals. Data analysis followed the Miles and Huberman model, consisting of data reduction, data display, and conclusion drawing and verification, with data validity ensured through source and method triangulation. The findings reveal that the NU Coin Program has achieved only partial effectiveness, as only two out of ten villages have consistently implemented the program and fulfilled key indicators, including planning, organizing, implementation, and supervision. Transparency in fund management is closely associated with public trust and community participation. Although the program has not yet demonstrated a broad and measurable improvement in overall community welfare, tangible benefits are still perceived by economically disadvantaged groups. Supporting factors include strong leadership, transparent fund management, effective and continuous socialization, and visible social impact, while inhibiting factors involve weak managerial commitment, lack of transparency, ineffective initial socialization, and inconsistent monitoring