BANK WAKAF MIKRO: NEW SHARIA FINANCIAL INSTRUMENTS IN INDONESIA
Siska Lis Sulistiani, Muhammad Yunus, Eva Misfah B
Shari-a faculty
Universitas Islam Bandung
Abstract
This study aims to find out and explore the benefits of micro waqf banks as sharia microfinance institutions that have been initiated since 2017 in Indonesia. This institution is founded on a business entity as a sharia cooperative, but from its naming aspect that uses the term waqf does not make it an institution of waqf. Micro waqf bank is an institution that is established in collaboration with financial services authorities, the Indonesian government and the pesantren as the basis of Indonesian Muslims. The purpose of this micro waqf bank is to be able to alleviate poverty by providing financing to productive poor communities through routine assistance programs, because the target of this program is the poor who cannot access formal financial institutions to help with the capital aspects of community small businesses. This research is a qualitative research with a normative juridical approach through interviews and literature studies, and analyzed by descriptive analysis.
Keywords: micro waqf bank, institution, Indonesia.
Topic: Family Law of Islam