BMT BIF

What BMT BIF does

BMT Bina Ihsanul Fikri (BMT BIF) is a Sharia-compliant microfinance institution organized as a Savings, Financing, and Sharia Cooperative (Koperasi Simpan Pinjam dan Pembiayaan Syariah, legal entity number 612/BH/KDK.24.9/2004), founded in 1996 and headquartered in Kotagede, Yogyakarta, Indonesia. The institution serves approximately 46,000 members as of 2020, primarily micro and small enterprise (UMKM) owners in the Daerah Istimewa Yogyakarta (DIY) province, through a network of 8 to 11 branch offices spanning Bantul, Gunung Kidul, Sleman, Kulon Progo, and Kota Yogyakarta, alongside a digital channel (E-BIF / BMT Mobile).

Its core product set comprises Sharia financing (pembiayaan) using murabahah, mudharabah, and qard contracts; Sharia savings products (simpanan); and social services under Baitul Mal, including collection and distribution of Zakat, Infaq, Sedekah, and Waqf (ZISWAF). The technology backbone is the E-BIF mobile/web platform enabling electronic transactions, supplemented by an online membership registration portal. The institution is officially designated as KL LazisMu (Amil Zakat) partnered with Lazismu, and as Nadzir Wakaf Uang registered with Badan Wakaf Indonesia (BWI).

Revenue derives primarily from margin-based returns on Sharia financing activities, supplemented by managed-services revenue from ZISWAF fund administration. Distribution is overwhelmingly direct-to-consumer via branch walk-ins, with online registration serving as a top-of-funnel acquisition channel. The institution also operates social infrastructure (Panti Asuhan Al Amin orphanage, Pondok Pesantren Al Amin Islamic boarding school, free ambulance service, bore well projects) under its dakwah and community mission.

Name

BMT BIF

Legal name

BMT Bina Ihsanul Fikri

Website

https://bmt-bif.co.id

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

BMT BIF is a Sharia-compliant microfinance cooperative founded in 1996, serving approximately 46,000 micro and small enterprise members across the Yogyakarta (DIY) region of Indonesia via 8-11 branches and the E-BIF digital platform, offering Sharia financing, savings, and ZISWAF fund management.

Ownership category

akta.pro rank

Product category

Sharia Microfinance

NAICS

Depository Credit Intermediation (5221)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Sharia microfinance
• Islamic cooperative banking
• Sharia-compliant financing
• Musharakah savings products
• Zakat fund management

Headquarters

HQ city

Kotagede, Yogyakarta

HQ country

Indonesia

HQ region

Asia

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Sharia Financing (Pembiayaan Syariah): BMT BIF extends financing to micro and small enterprises using Sharia-compliant contracts (akad), such as murabahah, mudharabah, and qard. This constitutes the primary revenue-generating activity of the institution, with financing approved based on Islamic law principles.
2. Savings Deposits (Simpanan): BMT BIF mobilizes savings from members under Sharia principles. Members deposit funds which are then used to support the institution's lending activities. Returns to depositors are governed by Sharia principles rather than interest.
3. Social Fund Management (Baitul Mal) — Zakat, Infaq, Sedekah, Wakaf: As an Amil Zakat institution partnered with Lazismu and a Nadzir Wakaf Uang registered with Badan Wakaf Indonesia, BMT BIF collects and distributes ZISWAF funds. While the primary purpose is social, it supports member engagement and institutional reputation.
4. Productive Financing with Al-Qard Akad: BMT BIF provides productive business financing using al-qard contract (benevolent loan), primarily for social welfare and empowerment purposes as part of its Baitul Mal activities.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

BMT BIF (Baitul Maal wat-Tamwil Bina Ihsanul Fikri) is a Sharia cooperative financial institution (Koperasi Simpan Pinjam dan Pembiayaan Syariah) that mobilizes member savings and extends Sharia-compliant financing to micro and small enterprises in the Yogyakarta region. Beyond core financial services, it serves as an Amil Zakat institution partnered with Lazismu and as a Nadzir Wakaf Uang registered with Badan Wakaf Indonesia, managing and distributing Islamic social funds (zakat, infaq, sedekah, waqf).

Product overview

BMT BIF (Baitul Maal wat-Tamwil Bina Ihsanul Fikri) is a Sharia financial institution (KSPPS) offering three integrated products: Sharia Financing (pembiayaan) for micro and small business empowerment, Savings (simpanan) with electronic transaction facilities, and Social Services (Layanan Sosial Baitul Mal Indonesia) for collecting and distributing zakat, infak, sedekah, and managing waqaf. The institution provides digital access through E-BIF/BMT Mobile. Founded in 1996, it serves 46,000 members across 8-11 branches in the Yogyakarta region.

Differentiator

Problem solved

Functional benefit

Products and services

• Pembiayaan Syariah (Sharia Financing) Sharia-compliant financing products for micro and small business empowerment, extended under Islamic contracts (murabahah, mudharabah, qard) to UMKM owners seeking riba-free credit access.
• Simpanan (Sharia Savings) Sharia-based savings products where members deposit funds that are channeled to support the institution's lending activities, with returns governed by Sharia principles rather than interest and accessible via E-BIF electronic transactions.
• Layanan Sosial Baitul Mal Indonesia Baitul Mal social services including collection and distribution of zakat, infak, sedekah, and monetary waqaf (ZISWAF); management of Panti Asuhan Al Amin orphanage and Pondok Pesantren Al Amin; free ambulance, bore wells, and basic necessities assistance; and productive financing with al-qard contract.
• E-BIF (BMT Mobile) Digital and mobile banking platform allowing BMT BIF members to perform financial transactions electronically, including financing applications, savings management, and account operations, accessible as a web/mobile self-service channel.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• LazismucoreStrategic or Co-development PartnerBMT BIF partners with Lazismu as an Amil Zakat institution (KL LazisMu), authorized to collect and distribute Zakat, Infaq, Sedekah (ZIS) funds on behalf of the Muslim community. This partnership enables BMT BIF to fulfill its social/dakwah mission as a Baitul Maal wat-Tamwil.
• Badan Wakaf Indonesia (BWI)coreStrategic or Co-development PartnerBMT BIF serves as Nadzir Wakaf Uang (Islamic endowment fund manager for monetary waqf), registered with and officially sanctioned by the Badan Wakaf Indonesia (BWI). This enables BMT BIF to receive, manage, and distribute waqf funds to eligible recipients.
• Yayasan Edukasi Wakaf IndonesiaflagshipStrategic or Co-development PartnerBMT BIF signed a wakaf fundraising (waqfraising) cooperation agreement with the Yayasan Edukasi Wakaf Indonesia. The partnership was formalized with a signing ceremony between Yusri Akhyar, S.Sos (Chairman of the foundation) and Dr. H. Riduwan, S.E., M.AG (Chairman of BMT BIF). The agreement is evidenced by a formal cooperation certificate.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• BTN Syariah: BTN Syariah is the Sharia unit of Bank Tabungan Negara focused on Sharia-compliant housing and consumer financing. While its core is mortgage/consumer financing, it competes for Sharia-conscious retail and UMKM customers that BMT BIF also targets in the DIY region.
• Bank Syariah Indonesia (BSI): BSI is Indonesia's largest Sharia bank, formed from the merger of BRI Syariah, BNI Syariah, and Mandiri Syariah. While it serves a much broader national footprint and customer base than BMT BIF, it competes for the same Sharia-conscious UMKM and retail customers in Indonesia, including Yogyakarta.
• Bank Muamalat Indonesia: Bank Muamalat is one of Indonesia's pioneering Sharia commercial banks, offering Sharia-compliant financing, savings, and investment products. It overlaps with BMT BIF's Sharia financing and savings offerings, although it operates at materially larger scale and national scope.
• Pegadaian Syariah: Pegadaian Syariah operates Sharia-compliant pawn-based financing for micro and small customers across Indonesia. It competes directly for the same underserved micro/SME customer segment that BMT BIF serves, although through a different Sharia contract (rahn) rather than murabahah/mudharabah.

Direct peers

• Dompet Dhuafa: Dompet Dhuafa is a national Amil Zakat institution managing ZISWAF collection and social programs including microfinance empowerment. It overlaps with BMT BIF's Baitul Maal / ZISWAF activities and the wider Islamic social-finance ecosystem in which BMT BIF operates.
• KSPPS BMT At-Taqwa: KSPPS BMT At-Taqwa is one of Indonesia's larger nationwide BMT cooperatives, offering Sharia-compliant savings and financing to UMKM members. It is a direct comparable in terms of legal form (KSPPS), product mix (pembiayaan + simpanan), and target customer (micro/SME Muslim community).
• KSPPS BMT UGT Sidogiri: KSPPS BMT UGT Sidogiri is a large Indonesian BMT cooperative originating from the Sidogiri pesantren network, offering Sharia savings and financing to members nationwide. It shares the same cooperative Sharia microfinance model as BMT BIF and a similar mosque/pesantren-rooted community base.
• Lazismu: Lazismu is the Muhammadiyah-affiliated national Amil Zakat institution and an existing strategic partner of BMT BIF. It collects and distributes ZISWAF funds across Indonesia, directly overlapping with the Baitul Maal social-finance activities BMT BIF performs under the KL LazisMu designation.
• Baitul Maal Muamalat (BMM): BMM is the social/dakwah arm of Bank Muamalat, running a nationwide network of BMT-like institutions focused on ZISWAF collection and community empowerment. It is structurally and mission-wise highly comparable to BMT BIF's Baitul Maal functions, including ZISWAF management and Amil Zakat activity.

Others

• Badan Wakaf Indonesia (BWI): BWI is Indonesia's official Waqf Authority that regulates and supervises nazhir (waqf managers) including BMT BIF. While not a competitor, it is the regulator that grants BMT BIF its Nadzir Wakaf Uang status and shapes the institutional framework in which BMT BIF's social-finance activities operate.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bmt-bif

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BMT BIF