Exploration of risk mitigation practices for problematic financing in Bank Wakaf mikro’s

Jaya, Tiara Juliana ORCID: https://orcid.org/0000-0002-7598-7263, Meylianingrum, Kurniawati ORCID: https://orcid.org/0000-0002-0814-7512 and Kholilah, Kholilah ORCID: https://orcid.org/0000-0003-1828-9642 (2022) Exploration of risk mitigation practices for problematic financing in Bank Wakaf mikro’s. Al-Mashrafiyah : Jurnal Ekonomi, Keuangan, dan Perbankan Syariah, 6 (2). pp. 1-11. ISSN 2620-5661

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Abstract

Bank Wakaf Mikro has considerable MSME development potential by providing access
to capital for MSMEs that cannot be financed by banks. However, this potential is not
accompanied by high public literacy about BWM. The purpose of this study is to conduct
empirical testing on the exploration of micro wakf bank strategies to mitigate financing
risks. The common understanding of the community causes this institution only to be able
to reach certain circles close to Islamic boarding schools. This study uses ethnomethodology
to explore the practice of mitigating the risk of problematic financing in BWM Denanyar
and Lirboyo as two of the first ten BWMs in Indonesia. The results of this study show
that although managers do not use the term financing risk mitigation, risk mitigation
practices have already begun with joint liability obligations on halmi. In BWM
Denanyar, the strategy used is 2-2-1 in disbursement, intensive monitoring, and the
Sistem Informasi Penerimaan OJK (SIPO). Meanwhile, BWM Lirboyo implements
restrictions on the amount of financing, regular recitations, and continuous updating of
member data. The impact of this strategy is NPF 0 in two BWMs. This research
contributes to the potential addition of BWM waqf funds through direct fund
management from Waqif so that the positive impact of BWM can be felt by many
MSMEs.

Item Type:	Journal Article
Keywords:	Bank Wakaf Mikro,Risk Mitigation,Financing
Divisions:	Faculty of Economics > Department of Islamic Banking
Depositing User:	Tiara Juliana Jaya
Date Deposited:	28 Mar 2023 12:19

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