THE ROLE OF BAITUL MAL WA TAMWIL (BMT) IN ECONOMIC EMPOWERMENT OF THE PEOPLE
Keywords:
BMT, Syariah micro Emterprises, Islamic Financial InstitutionAbstract
The people of Indonesia and Malaysia do not wish to be perceived as the world's biggest debtor nation or as a consumerist society. The development of hope for the optimization of BMT in the area of empowering the poor in building the people's economy is what the people of Indonesia desperately need now. The purpose of this study is to ascertain how BMT, an Islamic financial institution, has contributed to the growth of the contemporary economic community. The findings demonstrated that the Baitul Mal wa Tamwil (BMT) functioned as a microfinance organization that shared profits and created a sharia microbusiness with the goal of enhancing the status and dignity of underprivileged and impoverished individuals. As a sharia bank engaged in the profitable development of the people, BMT must continue to estimate each exertion to ameliorate the products offered. BMT must now try to optimize development with a precise strategy so that people can continue to believe in BMT rather than conventional financial institutions.
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