The Role of Al Muayyad Micro Waqf Bank in Helping MSMES After the Pandemic

Abstract

The Covid-19 pandemi, which poses a danger to the local economy, especially for micro, small, and medium enterprises or MSME, and is a background factor in this research. These fundamental problems, along with hampered business development, financing problems, poor infrastructure, and lack of market access, are obstacles for MSME. The community urgently needs the assistance of the government and Islamic financial institutions in the growth of micro-enterprises, one of which is the function of the Micro Waqf Bank in empowering MSME as a means of increasing income. The purpose of this study is to ensure the role of Al Muayyad Micro Waqf Bank in helping MSME customers who have been officially registered in an effort to help those whose businesses are still affected by the pandemi despite the fact that it has been post-Covid-19 pandemi. Based on the findings of field research, Al Muayyad Micro Waqf Bank policy is very beneficial for customers, especially regarding the time relief offered when making installment payments. This certainly greatly eases the burden and makes it easier for customers as MSME actors regarding the waivers provided.