A Supervision Pattern of Baitul Maal Wattamwil Perspective Of Law No.1 Of 2013

( POLA PENGAWASAN BMT (BAITUL MAAL WATTAMWIL) PERSPEKTIF UNDANG-UNDANG NO.1 TAHUN 2013 )

Abstract

BMT, which is abbreviated as Baitul Maal Wat Tamwil, began to be known in Indonesia, namely in early 1992 on the initiative of the Bina Insan Kamil self-help organization which founded the BMT institution 1994 in Jakarta. The development of BMT in Indonesia has experienced very rapid  development and has a very important role in economic growth in Indonesia. However, what must be  considered regarding the development of BMT in Indonesia, namely that which was the main problem before the enactment of law number 1 of 2013 concerning microfinance institutions, was that BMT operations were not in accordance with the legal system of financial institutions in Indonesia. This study uses library research or what is called library research, the research approach used a statutory approach (statue approach) and a conceptual approach (conceptual approach). the result of the research is that supervision before the birth of law number 1 of 2013 was carried out by Bank Indonesia and the cooperatives departement, while after the birth of law number 1 of 2013 specifically the supervision was carried out by the financial services authority (OJK).