The Role of Micro Waqf Bank in Supporting MSMEs through Productive Waqf

Abstract

Micro Waqf Bank (Bank Wakaf Mikro–BWM) is an Islamic Microfinance Institution registered and supervised by the Financial Services Authority (OJK), which aims to provide access to capital for small communities who do not yet have access to formal financial institutions. This study aimed to identify the roles of micro waqf banks in supporting MSMEs through productive waqf. It utilized a case study research design focusing on Micro Waqf Bank BWM Usaha Mandiri Sakinah (UNISA). Primary data were collected through interviews with the marketing manager, marketing staff, and BWM Usaha Mandiri Sakinah customers. The results of the qualitative data analysis show that BWM Usaha Mandiri Sakinah, as one of the micro waqf banks, has played an essential role in increasing MSMEs' income in Sleman Yogyakarta.

Keywords

• micro waqf bank
• productive waqf
• msmes