Course unit titles

Management of Islamic Microfinance 

Course unit code

MNK629

Type of course unit (compulsory, optional)

Optional

Level of course units (according to

EQF: first cycle Bachelor, second cycle Master)

Master Program of Islamic Economics

Year of study when the course unit is delivered

(if applicable)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

  1. Dr. Siti Zulaikha, SE, M.Si- PJMK
  2. Dr. Muhammad Nafik HR, SE, M. Si (MNH)
  3. Dr. Imron Mawardi, SP, M.Si (IM)
  4. Bayu Arifianto, SE, MA, Ph.D (BA)

Learning outcomes of the course unit

Students are able to have the competence and ability to understand how Islamic microfinance institutions operate and be able to formulate appropriate policies to improve Islamic microeconomics performance for internal and external interests broadly based on the most appropriate techniques and theories.

Mode of delivery (face-to-face, distance learning)

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

---

Course content

The course provides knowledge on how to manage Islamic microfinance institutions (LKMS) which have an important role in improving the economy. Microfinance Institutions (MFIs) have reached almost 51.2 million units and 99.9% of business actors in the Bahasa economy are dominated by micro and small business units. MFIs can be regarded as one of the important pillars in the financial intermediation process needed by small and medium-sized communities for consumption and production as well as storing their business results. This course discusses how to identify, evaluate, measure and manage LKMS, as well as how to improve LKMS performance. Analysis of international journals will also be carried out in the form of paper presentations that have been determined.

Recommended or required

reading and other learning resources/tools

References:

1.  Ahmad Subagyo, Manajemen Operasi LKMS, Mitra Wacana Media, 2015 (AS)

2.  Euis Amalia, Keuangan Mikro Syariah, Gramata, 2016  (EA)

3.  Darsono, Ali Sakti, Eni Tin Suryanti, Siti Astiyah, Androecia Darwis,Editor : Dr. Muhammad Syafii Antonio, Memberdayakan Keuangan Mikro Syariah Indonesia, Peluang dan tantangan ke depan". Bank Indonesia.(Darsono DKK)

4.  Lincolin Arsyad, Lembaga keuangan Mikro, Institusi, Kinerja dan Sustainabilitas, Penerbit Andi, 2008 (LA)

Journals:

  1. Risk management process: Profiling of islamic Microfinance providers, Research in International Business and Finance, Volume 41, October 2017, Pages 20-27. Nabilah Rozzani, Intan Salwani Mohamed, Sharifah Norzehan Syed Yusuf
  2. ·Empowerment Through Microfinance: The Relation Between Loan Cycle and Level of Empowerment, World Development, Volume 62, October 2014, Pages 75-87, Olaf Weber, Adnan Ahmad.
  3. Factors Affecting Repayment Performance in Microfinance Programs in Malaysia, Procedia - Social and Behavioral Sciences, Volume 62, 24 October 2012, Pages 806-811, Norhaziah Nawai, Mohd Noor Mohd Shariff.
  4. Equity Financing and debt-based financing: Evidence from Islamic Microfinance Institutions in Indonesia, Pacific-Basin Finance Journal, Volume 52, December 2018, Pages 163-172. Bayu Arie Fianto, Christopher Gan, Baiding Hu, Jamal Roudaki
  5. Risk Management of Islamic Microfinance (IMF) Product by Financial Institutions in Malaysia, Procedia Economics and Finance, Volume 31, 2015, Pages 83-90, Siti Khadijah Ab Manan, Muhammad Hakimi Bin Mohd Shafiai
  6. Islamic Microfinance Institution: The Capital Structure, Growth, Performance and Value of Firm in Indonesia,Procedia - Social and Behavioral Sciences, Volume 211, 25 November 2015,  1073-1080, Hariandy Hasbi
  7. Development of Islamic Microfinance: a sustainable poverty reduction approach, Journal of Economic and Administrative Sciences, Begum, Halima, Alam, A.S.A. Ferdous, Mia, Md Aslam, Bhuiyan, Faruk, Ghani, Ahmad Bashawir Abdul
  8. Mawardi, Imron, Ririn Tri Ratnasari, dan M. Nafik Hadi Ryandono. The effect of sharing financing and non-sharing financing on the risk and profitability of Islamic Microfinance, the 2012 International Conference on Business and Management, Phuket-Thailand, September 2012.
  9. Mitigasi risiko Pembiayaan di LKM Islam, TESIS Program Studi Sains Ekonomi Islam on Sekolah Pascasarjana Universitas Airlangga, ZIDNI ARDHIANA FIRDAUS dan Muhammad Nafik Hadi Ryandono, 2014

Planned learning activities and teaching methods

Presentation and Discussion

Language of instructions

Bahasa, English

Assessment methods and criteria

  • Implementation of presentations and discussions 
  • Making papers and resumes according to the topic of the meeting