Micro Waqf Bank: New Sharia Financial Instruments in Indonesia
- 10.2991/assehr.k.200225.001How to use a DOI?
- micro waqf bank, institution, Indonesia
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.
- © 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/).
Cite this article
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 -