METAFORA RISK AND RETURN SEBAGAI DASAR PENGEMBANGAN BAITUL MAAL WA TAMWIL (BMT) YANG MANDIRI

Tyas D. Hascaryani (Fakultas Ekonomi & Bisnis, Universitas Brawijaya)
Asfi Manzilati (Fakultas Ekonomi & Bisnis, Universitas Brawijaya)
Nurman S. Fadjar (Fakultas Ekonomi & Bisnis, Universitas Brawijaya)

Journal of Indonesian Applied Economics
Vol. 5 No. 1 (2011)

The purpose of this study is to find out how Baitul Maal Wa Tamwil (BMT) candevelop their independence as microfinance institutions, based on the expansion ofthe nature and development (metaphor) risk & return. With post positivism rational-istic approach, the results of this study are: (1) the risk faced by BMT in addition tofinancial risk (conventional), as well as more broadly in the form of guaran-tees(goodwill) and guarantee facilities of customer funds. 2) On the return, in addi-tion to financial return (conventional) the meaning has expanded on customer loyalty,market expansion and social functioning of the BMT.Keywords: metaphor, risk, return, independency