64152

Islamic Microfinance Institutions

This group includes Islamic microfinance institutions that are entirely based on Sharia principles, engaging in business activities related to enterprise development and community empowerment. They provide Sharia-compliant micro-scale financing to members and the community, manage savings, and offer business development consultancy services, with the primary aim of not solely seeking profit. Islamic microfinance institutions within this group include Islamic Micro-Waqf Banks (Bank Wakaf Mikro or BWM), Islamic Savings and Loan Associations (Baitul Maal wa Tamwil or BMT), Muhammadiyah Savings and Loan Associations (Baitul Tamwil Muhammadiyah or BTM), and similar entities.

Belongs to:
6415

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