Reconstruction of Profit Sharing Scheme and Cooperation Model Between Sharia Rural Bank and Zakat Management Organization for Micro Enterprises Financing in Indonesia

Abstract

This study aims to analyze the problem of profit sharing system implemented by Sharia Rural Bank(SRB) to finance small and medium scale businesses and the solution as well as the reconstruction of profit sharing financing models and cooperation models between SRB and zakat management organizations. Zakat Management Organizations (ZMO) can provide assistance in the form of ZIS distribution and provision of revolving financing to Micro, Small and Medium Enterprises (MSME). ZMO can also provide financial guarantee assistance or provide assistance with debt financing settlement that cannot be paid by MSME. Then, SRB can distribute their profits to ZMO and even MSME who obtain profits can pay zakat on business profits to ZMO. Then this collaboration model will create mutualist symbiosis.