Management and Sustainability
Vol. 1 No. 1 (2022): Management & Sustainability

The Role of BMT in Improving Household Financial Management

Irfan Nurfalah (SMART Indonesia)
Muhammad Taufiq (Islamic University of Medina)



Article Info

Publish Date
08 Nov 2023

Abstract

Lack of capital is a major obstacle in doing business, especially when the business is classified as a micro small business. The capital factor is an obstacle to the development of a business. So if this micro small business owner wants to expand, he must borrow or credit to credit institutions such as : BPR, BPRS, Banks and other financial institutions. However, a new problem arises from BPR, namely that the minimum credit for businesses is Rp. 5 million plus interest. In response to this, Islamic economic experts created a concept of financing and savings up to a nominal value below Rp. 1 million even Rp. 100 thousand is still served. The financial institution is Baitul Maal wat Tamwiil (BMT). BMT is a solution for individuals who have home-based businesses to expand. This study will look at the role played by BMT and how maqasid sharia reviews this role.

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Journal Info

Abbrev

MS

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Management and Sustainability (MS) is a scientific publication published by SMART Insight which is under the research institute SMART Indonesia. Sharia Economic Applied Research and Training (SMART) is a research institution in Indonesia that focuses on research on management, and Islamic ...