Implementation of Sharia Economics in the Development of MSMEs in East Lombok Through BMT

Nurmitasari Nurmitasari, Zaenafi Ariani, Ahmad Hulaimi, Nur Fitri Hidayanti, Ahadiah Agustina, Novi Yanti Sandra Dewi

Abstract


Abstract: MSMEs play an important role in regional economic development, including in East Lombok. However, challenges in capital and access to formal financial institutions are often the main obstacles to the development of MSMEs. The implementation of sharia economics through microfinance institutions such as Baitul Maal wat Tamwil (BMT) is an alternative solution based on the values of justice and partnership. This study aims to examine the implementation of sharia economic principles in the development of MSMEs through BMT financing services in East Lombok. The method used is qualitative descriptive with a field study approach. Data were obtained through interviews, observations, and documentation of MSME actors and BMT managers. The results of the study indicate that the implementation of mudharabah, murabahah, and musyarakah contracts in the financing scheme has a positive impact on business growth, increased income, and independence of MSME actors. In addition, the role of BMT in providing training and mentoring also strengthens business competitiveness. The implementation of sharia economics in this context is not only limited to financial transactions, but also touches on the social and spiritual aspects of business actors. This study suggests increasing the institutional capacity of BMT and collaboration with the government in expanding access to sharia financing for MSMEs.

Keywords


Sharia Economy, MSMEs, BMT, Financing, East Lombok.

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References


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