The The Effectiveness of Sharia Financing in BMD Syariah on the Development of MSMEs
Keywords:
Sharia Financing, Sharia BMD, MSMEs, Effectiveness, MicrofinanceAbstract
This study aims to analyze the effectiveness of sharia financing implemented by BMD Syariah in supporting the development of Micro, Small, and Medium Enterprises (MSMEs). The background of this research is based on the community's need for access to financing that is fair, usury-free, and in accordance with sharia principles, especially for lower economic groups that have not been reached by formal financial institutions. The research method used is qualitative descriptive with a field study approach through observation, interviews, and documentation. The results of the study show that sharia financing in BMD Syariah, through the Murabahah, Mudharabah, Ar-Rahn, and Al-Ijarah contracts, has proven to be effective in increasing business capacity, income, and welfare of MSME actors. However, there are still challenges in the form of low Islamic financial literacy and the risk of problematic financing. This study concludes that BMD Syariah has a strategic role in encouraging financial inclusion and community economic empowerment based on sharia values.
References
Ahsani, K. (2025). Interview BMD Syariah Dolopo Madiun [Personal Communication].
Alamsyah, N. (2022). Analisis Service Excellence Terhadap Kualitas Pelayanan Transaksi Berbasis Fintech Pada BMD Syariah Dolopo [Phd Thesis, IAIN Ponorogo]. Https://Etheses.Iainponorogo.Ac.Id/31134/
Elitear, F. M.-J., & Koto, A. T.-E. (2016). Penelitian Lapangan (Field Research). Nd. Https://Www.Academia.Edu/Download/44643309/Field_Research_Paper.Pdf
Faisal, F. (2020). Sharia Banking Rights And Obligations In Implementing Musyarakah Agreements Based On Indonesian Law. International Journal Reglement & Society (Ijrs), 1(1), 7–12.
Gunarto. (2025). Interview Pimpinan BMD Syariah Dolopo Madiun [Personal Communication].
Ibrahim, A., & Salam, A. J. (2021). A Comparative Analysis Of DSN-MUI Fatwas Regarding Murabahah Contract And The Real Context Application (A Study At Islamic Banking In Aceh). Samarah: Jurnal Hukum Keluarga Dan Hukum Islam, 5. Https://Www.Academia.Edu/Download/79391553/5652.Pdf
Ikaputri, K. (2023). Tinjauan Hukum Ekonomi Syariah Terhadap Sanksi Pembiayaan Murabahah Bagi Nasabah Yang Bermasalah Di BMD Syariah Dagangan [Phd Thesis, IAIN Ponorogo]. Https://Etheses.Iainponorogo.Ac.Id/25990/1/102190017_Kamelia%20ikaputri_Hes.Pdf
Indriana, A., & Wahyudi, Y. (2022). Implementasi Prinsip Bagi Hasil Funding Di Bmd Syariah Cabang Dolopo. Opinia De Journal, 2(2), 92–103.
Manajemen—BMD Syariah. (2022, July 20). Https://Bmdsyariah.Com/Manajemen/
Ramaditya, M., Lusiana, D., Syah, D. O., Muditomo, A., Herlambang, D., & Parastry, A. (2025). Digitalization Of Microfinance Institutions As A Solution For Community Economic Empowerment: Case Study Of BMD Syariah. Jurnal Reviu Akuntansi Dan Keuangan, 15(1). Https://Ejournal.Umm.Ac.Id/Index.Php/Jrak/Article/Download/36988/16263
Rojikin, I. (2022). Musyarakah Mutanaqishah Contract Concept: Review Of Product Refinancing And Take Over (Konsep Kontrak Musyarakah Mutanaqishah: Review Refinancing Produk Dan Take Over). Jurnal Mediasas: Media Ilmu Syari’ah Dan Ahwal Al-Syakhsiyyah, 5, 188–200.
Saputri, Y. E., Al Madani, S., Saputra, D. A., Ahmad, I. M., & Rois, A. K. (2025). The Application Of Financial Technology In Increasing Sharia Financial Inclusion: A Review Through Mudharabah Products At BMD Syariah Sumoroto Ponorogo. Proceeding Of Annual International Conference On Islamic Economics (AICIE), 4(1), 247–256. Https://Prosiding.Iainponorogo.Ac.Id/Index.Php/Aicie/Article/View/1535
Setiawan, W. (2022). Pengaruh Kepuasan Kerja, Stres Kerja Dan Komitmen Organisasi Terhadap Turnover Intention Karyawan (Studi Kasus Pada Karyawan Bmd Syariah Dolopo) [Phd Thesis, Universitas Muhammadiyah Ponorogo]. Http://Eprints.Umpo.Ac.Id/9771/
Supriatna, S., Helmi, I., & Nurrohman, N. (2020). Mudharabah Scheme Within The Islamic Banking: Profit Sharing And Associated Problems In IT. Kodifikasia, 14(2), 235–262.
Tersiana, A. (2018). Metode Penelitian. Anak Hebat Indonesia. Https://Books.Google.Com/Books?Hl=Id&Lr=&Id=Rml2dwaaqbaj&Oi=Fnd&Pg=PA42&Dq=Metode+Penelitian&Ots=Fvkxcnkgjo&Sig=_N0u-Wxwryb7gflfpwaduxwsges
Usman, A. (2021). Peran Marketing Syariah Terhadap Loyalitas Mitra Di Kspps Bmd Syariah Ponorogo [Phd Thesis, Universitas Muhammadiyah Ponorogo]. Http://Eprints.Umpo.Ac.Id/7619/
Yulia, K. (2018). Pengaruh Pelatihan, Motivasi Dan Disiplin Kerja Terhadap Kinerja Karyawan Di Kantor BMD Syariah Wilayah Madiun [Phd Thesis, Universitas Muhammadiyah Ponorogo]. Https://Eprints.Umpo.Ac.Id/4157/
Yuliani, W. (2018). Metode Penelitian Deskriptif Kualitatif Dalam Perspektif Bimbingan Dan Konseling. QUANTA: Jurnal Kajian Bimbingan Dan Konseling Dalam Pendidikan, 2(2), 83–91.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Adela Ulifatul Ulfa, Anisa Hilmi Fuadah, Friska Dwi Yulina
This work is licensed under a Creative Commons Attribution 4.0 International License.
