BMT Islamic Microfinance
a social enterprise which establishes other social enterprises
Islamic Microfinance
• Not only for Muslims
• Islamic way
No interest
Halal and legal businesses only
Established independently by the people
The big ones are in the villages and small towns
…because of the people there…
Serving the people of Indonesia together
• No such thing as one medicine for all kinds of sickness
modified financial products through many BMTs.
• Local wisdom to optimize local strengths.
• Not being the largest, but being the most impactful.
The BMT Model
BMT
B
aitul(House)
T
amwil(Business)
M
aal(Social)
Baitul Maal wat Tamwil
The House of Social and Business
DONORS
Zakat Infaq
Shadaqah Wakaf
Qardh-al-hasan Donation
CSR
MEMBERS
INVESTORS
Commercial Financing for MSME
Social Activities, incl. Non-Commercial Financing
The BMT model
BANKS
BMT Microfinance Model
Poorest of the Poor Grant
Micro enterprise
Commercial Loan – Microfinance
Poor
Non-commercial
•Grant
•Saving education
•Technical guidance
Poorest of the Poor
•Non-commercial loan
•Saving education
•Technical guidance
Poor •Financial service
•Capacity Building
Micro-enterprise
Helping the poor through various ways
1. Give them capital
2. Give them business
3. Give them jobs
- help them to find jobs - create jobs
Helping the poor through various ways
1. Give them capital
2. Give them business
3. Give them jobs
- help them to find jobs - create jobs
need support from social enterprises
Professional cleaning service
Garbage collection & environment improvements
Garbage collection & environment improvements
Helping disabled people to have good business and/or jobs
Impact measurement : Local Minimum Wage
Locomotive of development
• Serving the area / territory, not only the registered customers.
• Does not have to own it.
Social Enterprise
2A social enterprise which also establishes or has established other social enterprise(s) to increase its social impact.
Why is it important to introduce the concept of
Social-enterprise2 to microfinance institutions ?
• To bring in more sustainable solutions to the community.
• To optimally utilize local resources to solve social problems.
United we stand, together we grow
326 BMT institutions
• 930 offices
• 9,000+ employees
• 3,700,000+ customers
• +/- USD 1 billion of assets
as of 13 Sep 2017
Focus on people, not on money
Focus on impact, not on profit
The best BMT / microfinance
institution is the one established and
owned by the people themselves.
We are not just helping the poor to survive but we are trying to help them to stop being poor
Jamil Abbas
jamil.abbas@permodalanbmt.com
