The Application of Financial Technology in Increasing Sharia Financial Inclusion: A Review Through Mudharabah Products at BMD Syariah Sumoroto Ponorogo

Abstract

The purpose of this study is to determine the application of financial technology (fintech) in increasing Islamic financial inclusion through a review of mudharabah products at BMD Syariah Sumoroto Ponorogo. This research method uses descriptive qualitative research with a case study research type. Data collection techniques use primary data from observations and interviews conducted with leaders and employees at BMD Syariah Sumoroto and secondary data from library research and other academic sources that are appropriate to the context of the research problem. The results of the study of fintech application at BMD Syariah Sumoroto with a review through mudharabah products begin with the creation of a server controlled by the IT division, this supports business growth and efficiency. Then the process of managing mudharabah products with fundraising or fundraising carried out by the BMD Institution as shahibul maal (funder) can channel its capital through the fintech platform while for the distribution of funds where customers who need capital submit funding requests through the same platform. Types of application (fintech) at BMD Syariah Sumoroto on ATM and M-Banking mudharabah products. Through this platform, customers and BMD Syariah use fintech in their transactions.