Baitul Maal wa Tamwil

1
Baitul Maal wa Tamwil
2
Definition

• Stands for
• Baitul maal ? non profit motive
• Baitul tamwil ? profit motive
• Islamic financial institution which is formed to
  play Islamic social roles as well as to seek
  profit in a way that is inline with the Islamic
  laws (Soemitro, 2009).
• Also known as Islamic micro financing practice in
  Indonesia.

3
An Alternative Financial Intermediary

• Has been becoming an alternative financial
  services provider since
• BMT is more reachable financial provider
  especially for the SMEs .
• It was evidenced that the existence of BMT in
  some regions in Indonesia such as Java Island has
  eradicated the practice of usurer/rentenir.
• BMT could survive when the global financial
  crisis hit the Indonesian economic stability in
  2008.

4
The Importance

• Macro Condition
• Poverty
• Majority of entrepreneurs are micro
  entrepreneurs.
• Government policy to SMEs is low
• SMEs is weak in the market competition
• Micro Condition
• Less skill and management on SMEs
• Less funding for SMEs
• Unorganized funding in rural

5
Principles of Operatio

• Taawun Aqad (Social)
• Al Qard
• Al Qardhul Hasan
• Muawwadhah Aqad (profit oriented)
• profit sharing
• sale and purchase
• Leasing
• services

6
Legality

• Supervised by Centre for Small Business
  Incubation (PINBUK).
• Regulated by the Minister of Cooperative, Small
  and Medium Enterprises.
• Legally recognized as Islamic Cooperative.

7
Activities

• Similar to Islamic bank
• Funding
• Financing
• Fee based service

8
Funding

• First Parties Fund
• Second Parties Fund
• Third Parties Fund

9
First Parties Fund

• SimPokSus
• Simpanan Pokok
• Simpanan Wajib
• Paid in capital (penyertaan modal)
• Donation
• Retained Earning

10
Second Parties Fund

• Lending fromBank, BUMN, PNM
• Dana Bergulir
• Other lendings

11
Third Parties Fund

• Wadiah saving account
• Mudharabah saving account
• Other saving accounts

12
Organisation
Annual Member Meeting (RAT)
Committee
Supervisory
Director
Teller
Accountant
Marketer
Members
13
Committee and Supervisor

• Committee
• Chief
• Secretary
• Treasurer
• Supervisor
• Management
• Shariah (SSB)

14
Problems

• Human Resources
• Less skill
• No development program
• Commitment to shariah sometimes is questionable
• Legal
• SSB less implemented

15
Kendala dan Hambatan

• Marketing
• Less Performance
• Less focus
• Unstandardized
• Capital
• CAR is low
• Low Fundraising skill
• Bad debt
• Less stable profitability

16
Bagan Alir Pendirian BMT
Training/magang
Initiation
Team
Fundraising
Pendampingan
Urus BH
Pengurus
Sarana Prasarana
Siap Operasi