On Thursday, October 7, 2021, BAZNAS visited LPDB to discuss about revolving fund conducted by the sharia division of LPDB. Participants from BAZNAS were represented by Priyesta Rizkiningsih AS Economic Manager of BAZNAS, Noor Aziz as Head of BMFI, Aisha Putrina Sari as Senior Researcher of Puskas, Irsan as staff of Monitoring and Evaluation, and Dwiki as staff of Planning and Development.

The discussion on the revolving fund began by explaining the business processes of the BMFI program. BAZNAS, as the main choice for the welfare of the ummah, provides business assistance to mustahiq by providing loans of a maximum of Rp. 3,000,000 each mustahiq. This loan can be used by mustahiq to develop his business so that it can grow well. There is also assistance provided by BMFi to mustahiq which aims to monitor and improve mustahiq’s ability to develop their business.

Meanwhile, the LPDB also explained how they carried out theirs sharia revolving fund. While BMFi has a focus on retail, the LPDB provides loans to Islamic cooperatives in Indonesia. Even though they have different financing objects, both BAZNAS and LPDP are trying to escalate the MSME businesses in Indonesia.

 

Rep: Puskas BAZNAS