Al-Iktisab: Journal of Islamic Economic Law
Vol 5, No 2 (2021): Al-Iktisab: Journal of Islamic Economic Law

The Role of BMT NU Ngasem Jampet Branch in Increasing MSME Income in Jampet Market Through Rahn Financing

M. Eko Wahyudi (Al Hikmah Islamic Institute Tuban)
Joko Hadi Purnomo (Al Hikmah Islamic Institute Tuban)
Moch. Zaenal Azis Muctharom (Al Hikmah Islamic Institute Tuban)



Article Info

Publish Date
01 Nov 2021

Abstract

The purpose of this research was to describe the role of BMT NU Ngasem Jampet Branch in increasing the income of MSMEs in Jampet Market through Rahn Financing. The method used was qualitative. The results showed that the role of financing applied by BMT NU Ngasem Jampet Branch is in accordance with the objectives of Islamic financial institutions in general, namely improving the quality of the community’s economic business for the welfare of the community and its members. Especially in financing products, because the existence of this financing makes it a solution for MSMEs or market traders in the capital used to develop and improve their business than before. So that financing is one way for MSMEs or market traders to increase their business income. The success of BMT NU Ngasem Jampet Branch in carrying out work programs related to financing realized for MSMEs or market traders. This is evidenced by the implementation of financing carried out by BMT NU Ngasem Jampet Branch with several MSMEs or traders in Jampet Market who carry out financing totaling 22 members, but there are some members who have difficulty in terms of installments because their sales are still quiet unlike other traders. So that it makes the installments delay and makes the installment time longer. Meanwhile, members who experience business development and are smooth in financing installments and make the repayment time according to maturity. From the application of financing to 11 MSMEs in the Jampet Market, there was an increase in income for rahn financing with an average of 3.4% of income per month of May 2021.

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Journal Info

Abbrev

aliktisab

Publisher

Subject

Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

Description

Al-Iktisab: Journal of Islamic Economic law is a peer reviewed journal published by University of Darussalam (UNIDA) Gontor. The journal is semi-annual journal issued on May and November. The aims of the journal is to explore and develop economics related to Islamic laws that cover issues both from ...