Optimization Of Ummah Economic Empowerment Through Institutional Strengthening of Waqf Micro Banks


The objective of this article is to provide an overview of the performance of Waqf Micro Banks in terms of economic empowerment for the people. The research method employed is descriptive quantitative, utilizing the literature survey approach. The analysis of data published by the OJK (Financial Services Authority) on the distribution of financing by Waqf Micro Banks reveals significant development. In 2009, the recorded compulsory data on Waqf Micro Banks financing in Indonesia amounted to 37,326.8 billion Rupiah. By 2022, this figure increased to 82,491.8 billion Rupiah, marking a substantial growth of 120.9% over a span of four years. Considering the number of customers served by Waqf Micro Banks across 18 provinces in Indonesia, there were 21,469 individuals in 2019. However, in 2022, this number rose to 36,639 individuals, indicating a 70.66% increase within the same period. These findings demonstrate the effectiveness of empowering productive waqf through non-bank financial institutions via the provision of financing for microentrepreneurs in various regions.

Keywords: productive Waqf, boarding, empowerment, Waqf micro banks

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