Economic Empowerment Model through Sharia’ Financing: A Case Study on the Beneficiary of ‘Mesra Soft Loan’ in Bandung City

Muhammad Iqbal, Hendrati Dwi Mulyaningsih

2019

Abstract

The paper aims to elaborate on an Islamic finance instrument as an empowerment tool in empowering the micro-small economic sector. Particularly, this study seeks to analyze socio-economic empowerment effect on the beneficiaries through an Islamic finance instrument issued by the Bandung City Government, called ‘Mesra Soft Loan' or ‘Kredit Mesra'. This research was conducted in several places in Bandung City, West Java, Indonesia, which focused on PD. BPR Kota Bandung and Masjid Baitul Ma'mur, Bandung Kidul Districts. The community, through sharia’ cooperative group, was collected to be empowered in a mosque. The contract of qardhul hasan instruments was applied from funds budgeted by the Government of Bandung City that channeled through the partnership of PD. BPR Kota Bandung and sharia' cooperatives in community mosques. This qardhul hasan instruments, through Kredit Mesra program, had given exceptional impact in developing and empowering the micro-small economic sector in the city. This program had succeeded in impacting the social, economic, and spiritual aspects of society as an empowerment program.

Paper Citation

in Harvard Style

Iqbal M. and Mulyaningsih H. (2019). Economic Empowerment Model through Sharia’ Financing: A Case Study on the Beneficiary of ‘Mesra Soft Loan’ in Bandung City.In Proceedings of the 2nd International Conference on Inclusive Business in the Changing World - Volume 1: ICIB, ISBN 978-989-758-408-4, pages 348-357. DOI: 10.5220/0008431103480357

in Bibtex Style

@conference{icib19,
author={Muhammad Iqbal and Hendrati Dwi Mulyaningsih},
title={Economic Empowerment Model through Sharia’ Financing: A Case Study on the Beneficiary of ‘Mesra Soft Loan’ in Bandung City},
booktitle={Proceedings of the 2nd International Conference on Inclusive Business in the Changing World - Volume 1: ICIB,},
year={2019},
pages={348-357},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008431103480357},
isbn={978-989-758-408-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Inclusive Business in the Changing World - Volume 1: ICIB,
TI - Economic Empowerment Model through Sharia’ Financing: A Case Study on the Beneficiary of ‘Mesra Soft Loan’ in Bandung City
SN - 978-989-758-408-4
AU - Iqbal M.
AU - Mulyaningsih H.
PY - 2019
SP - 348
EP - 357
DO - 10.5220/0008431103480357