Application of The Concept of Philanthropy With Productive Waqf Practices For MSMES In Indonesia
Abstract
The Covid 19 era has passed, but poverty and adversity are still evident in various countries, especially Indonesia, which is a country with a very large number of MSMEs spread throughout the country. During the Covid-19 pandemic, we experienced extraordinary shocks so that many MSMEs closed and did not return to their activities. Many factors influence it, namely; limited capital, low level of education, lack of business knowledge, increasingly tight business competition, limited supporting technology owned by MSME actors in Indonesia. Strengthening MSMEs based on productive waqf is one possible solution to help MSMEs recover and grow again. The aim of this research is to analyze the potential of productive waqf to revive MSMEs in Indonesia. Empirical research-based research presented descriptively supported by valid data and information obtained from interviews and field observations. Data collection techniques are from data sources from the BAZNAS institution, Lazis, journals and articles resulting from competent research, which have been reviewed and analyzed as a basis for the theories used. The results of this research show that MSMEs really need a productive waqf-based fund supply to revive MSME businesses as well as guidance and assistance in financial management, marketing, and production quality of MSMEs so that they become more advanced and developed.
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Copyright (c) 2023 Siti Murtiyani; Hanifah Zahra, Nur Hidayah, Hery Sasono
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