Micro Waqf Bank: New Sharia Financial Instruments in Indonesia

DOI

10.2991/assehr.k.200225.001How to use a DOI?

Keywords

micro waqf bank, institution, Indonesia

Abstract

This research aims to study and improve the benefits of micro waqf banks as Islamic microfinance institutions that have only been pioneered since 2017 in Indonesia. The research method used was qualitative research using normative juridical through interview and literature study methods, and analyzed using descriptive analysis. The results of this study indicate that a micro waqf bank stands as a sharia cooperative, but from its naming aspect that uses the term ‘waqf’ does not make it a waqf institution. Micro waqf banks are institutions that represent financial institutions, the Indonesian government and Islamic boarding schools as the basis of Indonesian Muslims. The purpose of this micro waqf bank is to be able to reduce poverty by providing financing to the poor through routine assistance programs, allegedly the target of this program is the poor who cannot access formal financial institutions to help the capital aspects of community small businesses.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Siska Lis Sulistiani
AU  - Muhammad Yunus
AU  - Eva Misfah Bayuni
PY  - 2020
DA  - 2020/03/03
TI  - Micro Waqf Bank: New Sharia Financial Instruments in Indonesia
BT  - Proceedings of the 2nd Social and Humaniora Research Symposium (SoRes 2019)
PB  - Atlantis Press
SP  - 1
EP  - 4
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200225.001
DO  - 10.2991/assehr.k.200225.001
ID  - Sulistiani2020
ER  -