Unleashing the potential of Islamic microfinance institutions in Indonesia
by admin
Indonesia’s Islamic Microfinance Instutitions (MFIs) can be broken down into 3 broad categories: BMTs (Baitul Mal Wat Tamwil), BPRS (Bank Perkreditan Rakyat Shaira), and microtakaful (Islamic microinsurance). BMTs are largely unregulated Islamic co-operatives, which are mainly affiliated with Indonesia’s Islamic mass organisations (such as Muhamadiyah and Nadhatul Ulama). There are about 2,900 of these entities with a total […]