BMT Nu Sidey's Strategy in Realized UMKM Financing with Sharia Economic Principles
DOI:
https://doi.org/10.62872/z71dsh20Keywords:
Islamic Economics, MSMEs, BMT NU Sidayu, Economic EmpowermentAbstract
The development of Micro, Small and Medium Enterprises (MSMEs) has a strategic role in the growth of the community's economy. One of the financial institutions based on sharia concepts that plays a role in empowering and prospering MSMEs is Baitul Maal wat Tamwil (BMT). The aim of this research is to determine the application of the sharia economic principles in building and developing MSMEs in the BMT NU Sidayu area. The research method used is a qualitative approach with data collection techniques through observation, interviews and documentation. The research results show that the application of sharia economic principles at BMT NU Sidayu is able to increase access to capital, business assistance, and the welfare of MSME players. A fair, transparent and partnership-based financing system is the main factor in encouraging the development of MSMEs in the region.
Downloads
References
Abbas Arfan, 99 Mu'amalah Kulliyah Fiqh Rules Typology and Its Application in
Antonio, M. Syafi'i(2001). Islamic banking: From theory to practice. Jakarta: Gema Insani Press.
Antonio, MS (2001). Islamic banking: From theory to practice. Jakarta: Gema Insani.
Ascarya. (2011). Sharia Bank Agreements and Products. Rajawali Press.
Ascarya. (2015). Islamic banking contracts and products. Jakarta: PT RajaGrafindo Persada.
Bagus Isroji. (2025, December 25). Strategy interview and explanation of the contract. Afthon, Interviewer)
Beck, T., & Demirgüç-Kunt, A. (2006). Small and medium-size enterprises: Access to finance as a growth constraint. Journal of Banking & Finance, 30(11), 2931–2943.
Beekun, RI(2004). Islamic Business Ethics. Student Library.
Chapra, MU (2000). Islam and the Economic Challenge (translated from Islam and the Economic Challenge). Jakarta: Gema Insani.
David, F.R. (2011). Strategic Management: Concepts and Cases (13th ed.). Prentice Hall.
Deliberation. (2025, December 25). Strategy interview and explanation of the contract. Afthon, Interviewer)
Dewanti, & Nisa, FL(2023). Analysis of the Implementation of Sharia Principles and the Impact on the Financial Performance of MSMEs]. Scientific Journal of Islamic Economics (JIEI), 11(1), p. 200.
Hariyanto, H., & Nafi'ah, B. (2022). The Influence of Islamic Financial Institution Activities on the Growth of MSME Financing.Scientific Journal of Islamic Economics, 8(1), 945–954.
Hierdawati, T. (2022). Analysis of MSME labor absorption in Jambi Province. Journal of Economics Research, 1(2), 14–28.
Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2011). Strategic Management: Competitiveness and Globalization (11th ed.). Cengage Learning.
Islamic Economics and Sharia Banking, Malang, UIN MALIKI Press, 2013, p. 12
Karim, A. (2010). Islamic Banking: Fiqh and Financial Analysis. Jakarta: PT RajaGrafindo Persada.
Ledgerwood, J., Earne, J., & Nelson, C. (Eds.). (2013). The new microfinance handbook: A financial market system perspective. Washington, DC: World Bank.
Moleong, LJ (2019). Qualitative research methodology. Bandung: PT Remaja Rosdakarya.
Muslich, AW, & Muamalat, F. (2010). 1st edition. Jakarta: Amzah.
Muttaqin, HM, Kosim, AM, Devi, A., Ibn, U., & Bogor, K. (2020). The role of Islamic banking in encouraging micro, small, and medium enterprises during the COVID-19 pandemic: A research study at Bank Syariah Indonesia (BSI) Ahmad Yani Branch, Bogor City. Journal of Business Economics, Management, and Accounting (JEBMAK), 3(1), 171–182.
Olaleye & Garwe, 2013; Alqassabi, in Factors Affecting Success and Survival of Small and Medium Enterprises in the Middle East
Pearce, J. A., & Robinson, R. B. (2013). Strategic Management: Formulation, Implementation, and Control (13th ed.). McGraw Hill/Irwin.
Putnam, R.D., Leonardi, R., & Nanetti, R.Y. (1993). *Making democracy work: Civic traditions in modern Italy*. Princeton University Press.
Rivai, V., Basri, AFM, Sudarto, S., & Veithzal, AP (2013). Commercial Bank Management: Banking Management from Theory to Practice. Rajawali Pers.
Sari, Aisyah Sekar, Aprisilia, N., & Fitriani, Y. (2025). Data Collection Techniques in Qualitative Research: Observation, Interview, and Triangulation. Indonesian Research Journal on Education, 5(2025), 539–545.
Shihab, MQ (2002). *Tafsir Al-Mishbah: Message, Impression and Harmony of the Qur'an-Qur'an*. Jakarta: Lentera Hati.
Siti. (2025, December 25). Strategy Interview and explanation of the contract. Afthon, Interviewer)
Sugiyono. (2013). Educational research methods: Quantitative, qualitative, and R&D approaches. Bandung: Alfabeta.
Suryana, A.(2019). Entrepreneurship Development for Empowering Regional MSMEs. Indonesian Obor Library Foundation.
Syaiful Anam. (2025, December 25). Strategy interview and explanation of the contract. Afthon, Interviewer)
Wheelen, T. L., & Hunger, J. D. (2012). Strategic Management and Business Policy: Toward Global Sustainability (13th ed.). Pearson Prentice Hall.
Wiroso. (2011). Fundraising and distribution of Islamic banking business results. Jakarta: Grasindo.
Zubaidah. (2025, December 25). Interview Strategy and explanation of the contract. Afthon, Interviewer)
Downloads
Published
Issue
Section
License
Copyright (c) 2026 M. Afthon al ishaqi, Muhlis Muhlis (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
