Does the Role of Micro Waqf Bank Affect the Economy of Young Mothers in the Village?

Abstract

This study is aimed to analyze the role and the effectiveness of micro waqf bank in encouraging the economy of young mothers in the village in Madura. This study applied a survey approach by spreading questionnaires to 136 respondents of two Micro Waqf Bank in Sumenep, they are (1) Micro Waqf Banks Kariman Birajuda Al Karimiyyah that is located at Jalan Raya Gapura, Braji Village, Sub-District Gapura, District Semenep; and (2) Micro Waqf Bank Alpen Barokah Mandiri that is located at Jalan Raya Sumenep-Pamekasan, Pragaan Laok Village, Sub-District Pragaan, District Sumenep. Data that have been collected were analyzed by applying ANP Model. The result shows that Micro Waqf Bank in Madura has a role in supporting the economy of young mothers in the village. The role that can be supported and need to be prioritized by Micro Waqf Bank in encouraging the business in Madura are supporting financial aspects, marketing/business aspects, and human resources aspects. The results of the research are expected to be used as a reference and input for policymakers and related parties involved in the management of the economy of villagers so that they can provide positive input for the improvement, progress and development of villagers.