Micro Endowments Bank Has Own Client Segment
By : Herry Barus And Aldo Bella Putra | Friday, April 06 2018 - 23:59 IWST
![Presiden Jokowi Berharap Bank Wakaf Mikro Ada di Seluruh Pesantren (Foto Dok Industry.co.id)](https://eagle.industry.co.id/uploads/berita/detail/3195.jpg)
Presiden Jokowi Berharap Bank Wakaf Mikro Ada di Seluruh Pesantren (Foto Dok Industry.co.id)
INDUSTRY.co.id - Purwokerto - Financial Services Authority (OJK) ensures micro waqf banks do not compete with other established syariah financing institutions in regions such as BPR sharia and BMT syariah because they have their own segment of customers.
"Micro wakaf banks do not compete with them, because these customers are small, different classes with BPR or BMT sharia," said Head of Islamic Banking Department OJK Ahmad Soekro Tratmono to media crews in Purwokerto, Thursday (6/4/2018)
Ahmad said micro-waqf bank customers are small communities that do not yet have access to formal financial institutions, but have a desire to develop businesses to improve their welfare.
In addition, the funding scheme of micro-endowments is a non-collateral financing with a maximum value of Rp 3 million and a profit margin of 3 percent.
Micro-endowment banks also provide assistance to groups to help empower small communities in areas with ultra-micro enterprises.
Meanwhile, the financing offered by BPR sharia and BMT sharia is reaching the range of Rp10 million with the target customers are middle-class society that has been more established.
"Micro-endowment banks are only targeting the lower layers of society with the assistance of pesantren, and there is no collateral in micro-endowment banks," BPR and BMT said, adding that there is no companion in BPR and BMT, and there should be no collateral, "he said.
The establishment of micro-endowment banks in various regions is done by involving caregivers of pesantren and assisted by donors in the form of special funding through the National Institute for Amil Zakat (LAZNAS) Syariah Mandiri.
Donors from micro-endowments banks are all communities with excess funds, especially employers or large corporations that have a concern for poor community empowerment programs and alleviation of inequality in Indonesia.
OJK has granted business permits to 20 micro waqf banks in pesantren communities spread across West Java (Cirebon, Bandung, Ciamis), Banten (Serang and Lebak), Central Java (Purwokerto, Cilacap, Kudus, Klaten), Yogyakarta and East Java (Surabaya, Jombang, Kediri).
OJK ensures this number can increase to 50 micro waqf banks by the end of 2018 and not only grow around the boarding area.
Meanwhile, by the end of March 2018, the number of micro wakaf bank customers was recorded at 3,876 customers with financing disbursements reaching Rp3.63 billion.
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