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Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis

Baitul Maal wa Tamwil (BMT) as an official Islamic microfinance institution in Indonesia with a dual function, namely, a commercial function and a social function in empowering the poor, has several issues and challenges related to agency problems that occur in micro business financing. By using...

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Main Authors: Martiana, Andri, Kassim, Salina, Zakariyah, Habeebullah
Format: Book Chapter
Language:English
Published: Springer Nature 2024
Subjects:
HF Commerce
HG Finance
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/116879/1/2024%20IFNTLR%20Andri%20Risk%20Mitigation.pdf
http://irep.iium.edu.my/116879/
https://link.springer.com/chapter/10.1007/978-3-031-48770-5_49
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spelling my.iium.irep.1168792024-12-23T08:23:02Z http://irep.iium.edu.my/116879/ Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis Martiana, Andri Kassim, Salina Zakariyah, Habeebullah HF Commerce HG Finance HG3368 Islamic Banking and Finance Baitul Maal wa Tamwil (BMT) as an official Islamic microfinance institution in Indonesia with a dual function, namely, a commercial function and a social function in empowering the poor, has several issues and challenges related to agency problems that occur in micro business financing. By using SWOT analysis, this study aims to explore the strengths, weaknesses, opportunities, and challenges faced by BMTs in mitigating risks related to agency problems in micro business financing to further develop mitigation strategies for these risks. In-depth interviews with five experts from academics and practitioners in the field of Islamic microfinance were used to obtain the data. All interviews were recorded for verbatim transcription to be coded in several stages and then analyzed. This study finds that the agency problem risk mitigation strategy in micro business financing in BMT can be seen through five lenses, namely, contract implementation, guarantee systems, selection procedures, supervision and monitoring systems, and human resource capacity building programs. Future research can focus on the effectiveness of BMT strategy implementation to be able to provide strategic policy direction in mitigating the risk of agency problems in micro business financing in BMT. Springer Nature 2024 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/116879/1/2024%20IFNTLR%20Andri%20Risk%20Mitigation.pdf Martiana, Andri and Kassim, Salina and Zakariyah, Habeebullah (2024) Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis. In: Islamic Finance, Contributions to Management Science. Springer Nature, Switzerland AG 2024, pp. 615-626. https://link.springer.com/chapter/10.1007/978-3-031-48770-5_49 DOI: 10.1007/978-3-031-48770-5_49
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HF Commerce
HG Finance
HG3368 Islamic Banking and Finance
spellingShingle HF Commerce
HG Finance
HG3368 Islamic Banking and Finance
Martiana, Andri
Kassim, Salina
Zakariyah, Habeebullah
Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis
description Baitul Maal wa Tamwil (BMT) as an official Islamic microfinance institution in Indonesia with a dual function, namely, a commercial function and a social function in empowering the poor, has several issues and challenges related to agency problems that occur in micro business financing. By using SWOT analysis, this study aims to explore the strengths, weaknesses, opportunities, and challenges faced by BMTs in mitigating risks related to agency problems in micro business financing to further develop mitigation strategies for these risks. In-depth interviews with five experts from academics and practitioners in the field of Islamic microfinance were used to obtain the data. All interviews were recorded for verbatim transcription to be coded in several stages and then analyzed. This study finds that the agency problem risk mitigation strategy in micro business financing in BMT can be seen through five lenses, namely, contract implementation, guarantee systems, selection procedures, supervision and monitoring systems, and human resource capacity building programs. Future research can focus on the effectiveness of BMT strategy implementation to be able to provide strategic policy direction in mitigating the risk of agency problems in micro business financing in BMT.
format Book Chapter
author Martiana, Andri
Kassim, Salina
Zakariyah, Habeebullah
author_facet Martiana, Andri
Kassim, Salina
Zakariyah, Habeebullah
author_sort Martiana, Andri
title Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis
title_short Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis
title_full Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis
title_fullStr Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis
title_full_unstemmed Risk mitigation strategy for agency problems in micro business financing of Baitul Maal wa Tamwil: a qualitative SWOT analysis
title_sort risk mitigation strategy for agency problems in micro business financing of baitul maal wa tamwil: a qualitative swot analysis
publisher Springer Nature
publishDate 2024
url http://irep.iium.edu.my/116879/1/2024%20IFNTLR%20Andri%20Risk%20Mitigation.pdf
http://irep.iium.edu.my/116879/
https://link.springer.com/chapter/10.1007/978-3-031-48770-5_49
_version_ 1819909405880090624
score 13.223943

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