Murabahah Financing Strategy by BMT in Increasing Access to Sharia Finance

Abstract

This study discusses the role of Baitul Maal wa Tamwil (BMT) in increasing access to Islamic finance in Indonesia through murabahah financing strategies. With the largest Muslim population in the world, Indonesia has great potential in developing Islamic financial institutions, and BMT is present as an alternative for people who do not have access to conventional banks. Murabahah financing implemented by BMT can provide working capital to small business actors with simpler and more transparent procedures. This study uses a qualitative method with a literature study approach to examine concepts related to the role of BMT in developing the community's economy through murabahah financing. The results of the study indicate that BMT needs to implement an appropriate financing structure, including determining the purchase price, profit margin, and monitoring the performance of the financed project to reduce risk. This approach also considers customer characteristics to ensure the success of financing and BMT's contribution to poverty alleviation and improving community welfare.