The Accountability of Islamic Microfinance Institution: Evidence from Indonesia

Wahyuni, Ersa Tri

doi:10.21512/tw.v9i1.728

Cited by 4 publications

(1 citation statement)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…He concluded that their performances are less than satisfactory as most of the financial assistance is used for consumption purposes. Another interesting study done by Wahyuni (2007) concluded that charity-based organizations in Indonesia do not fall under any regulatory mechanism, lacking any incentives for the managers to have their financial statements audited. Zarka (2007) suggested a monetary waqf (benevolent fund) to overcome the problem of poverty as he divided the poor into two groups-economically active and economically inactive.…”

Section: Islamic Mfismentioning

confidence: 99%

The Quran and Poverty Alleviation

Sudiro

Ahmed²

2009

Nonprofit and Voluntary Sector Quarterly

View full text Add to dashboard Cite

The Quran prohibits interest and encourages trade and charity as alternates. This article seeks guidance from the verses of the Quran and develops a theoretical model of charity-based Islamic microfinance institutions (MFIs), which can be used as an alternative approach to reduce poverty. The article argues that charity-based Islamic MFIs will be financially and socially sustainable as these are to be based on the concepts of brotherhood, local philanthropy, and volunteer services. Charity-based Islamic MFIs will provide money for consumption as well as production purposes and, thus, can broadly target the economic and social needs of the poorest of the poor. They can help minimize indebtedness and reduce unequal distribution of wealth in society.

show abstract

Section: Islamic Mfismentioning

confidence: 99%

The Quran and Poverty Alleviation

Sudiro

Ahmed²

2009

Nonprofit and Voluntary Sector Quarterly

View full text Add to dashboard Cite

show abstract

Financial Inclusion Disclosure in Islamic Microfinance: The Case of Baitul Mal Wa Tamwil

Rahmawati

Rashid

Annuar

et al. 2020

Palgrave Studies in Islamic Banking, Finance, and Economics

View full text Add to dashboard Cite

ISLAMIC MICROFINANCE INITIATIVES TO ENHANCE SMALL AND MEDIUM ENTERPRISES IN INDONESIA: From Historical Overview to Contemporary Situation

Antonio

2011

JIIS

View full text Add to dashboard Cite

This paper highlights the policies and institutional setting of Small and Medium Enterprises (SME) development in Indonesia, followed by a discussion on the players in Islamic microfinance. Emphasis has been given to the potential role of Baitul Mal wa Tamwil (BMT, Islamic cooperative) as a strategic community-based micro lending initiative. The importance of Islamic microfinance initiatives as part of national program for the development of SMEs in Indonesia is also discussed. This paper argues that Islamic microfinance initiatives in Indonesia could represent an alternative source of finance for SMEs. The role of SMEs, especially after the Asian monetary crisis, was considered a safety valve for the national economic recovery both in enhancing economic growth as well as in reducing the unemployment rate. Credit distributed to SMEs has minimum risk and has sounder and better performance compared to larger enterprises. However, although having a significant role, SMEs actually have serious problems particularly as related to their capability in accessing formal financial institutions. This paper concludes by identifying the potential linkages between players in Islamic microfinance and highlights some critical points in their activities.

show abstract

The Accountability of Islamic Microfinance Institution: Evidence from Indonesia

Abstract: The article aims to provide current condition's information on the accountability of Baitul Maal wat Tamwil (BMT)

Cited by 4 publications

References 3 publications

The Quran and Poverty Alleviation

The Quran and Poverty Alleviation

Financial Inclusion Disclosure in Islamic Microfinance: The Case of Baitul Mal Wa Tamwil

ISLAMIC MICROFINANCE INITIATIVES TO ENHANCE SMALL AND MEDIUM ENTERPRISES IN INDONESIA: From Historical Overview to Contemporary Situation

Contact Info

Product

Resources

About