Implementation of Musyarakah Financing in BMT Al-Munawarah

Abstract

This study aims to assess the application and conformity of the sharia musharakah contract with the DSN fatwa at Baitul Maal wa Tamwil (BMT) Al-Munawwarah using a qualitative case study approach. The primary and secondary data used in this study were gathered by conducting direct interviews with branch managers, tellers, and customers at BMT, as well as searching for data sources in journals, books, and literature. The findings of this study indicate that BMT offers several savings and financing products to meet customer needs. To obtain Musyarakah financing, customers are required to fill out a form and complete the requirements set by BMT. In practice, BMT Al-Munawwarah has implemented musharakah financing following the DSN-MUI Fatwa with the principle of profit sharing. The profit sharing ratios used by BMT are typically 50%:50%, 60%:40%, and 70%:30%. BMT markets its financing products through print media, such as brochures and banners.