BMT MASLAHAH

What BMT MASLAHAH does

BMT MASLAHAH is a Shariah-compliant member-owned cooperative (Koperasi Baitul Maal wat Tamwil) headquartered in Sidogiri, Pasuruan, East Java, Indonesia, legally established on 4 September 1997 under Indonesian Ministry of Cooperatives decree No. 608/BH/KWK.13/IX/1997. It serves individual Muslim members and small merchants in East Java with a dual-core product portfolio: six Sharia-compliant savings instruments (general Syariah savings, education, term deposit, pilgrimage/travel, Hajj, and Qurban/Aqiqah) and three Islamic financing products (Talangan Haji pilgrimage advance, Mudharabah/Qirodh profit-sharing, and Murabahah cost-plus), supplemented by a credit simulation tool and an auction service for defaulted collateral.

The underlying technology stack is conventional and outsourced: PT. Marstech Global provides the Maslahah Mobile banking application (com.marstech.mbanking), EDC point-of-sale terminals, PPOB online payment point infrastructure, and the ETS electronic transfer system. The cooperative supplements these digital channels with a physical branch footprint across East Java Province and a 'jemput bola' door-to-door field service, supported by a Sharia Supervisory Board (Dewan Pengawas Syariah) that certifies religious compliance.

The business model generates revenue through four streams: deposit float from pooled Sharia savings, profit-sharing margins and Murabahah markups on financing, transaction fees from PPOB bill payments and money transfers, and commissions on collateral auctions. As a member-owned cooperative rather than an investor-backed firm, the institution distributes any surplus back to members via cooperative dividends and operates under OJK-adjacent Ministry of Cooperatives oversight.

Name

BMT MASLAHAH

Legal name

Koperasi Baitul Maal wat Tamwil (BMT) MASLAHAH

Website

https://bmtmaslahah.co.id

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

BMT MASLAHAH is a member-owned Sharia cooperative in Pasuruan, East Java, Indonesia, serving individual Muslim members and small merchants with six Sharia savings products, three Islamic financing products, mobile banking, and payment services across East Java Province.

Ownership category

akta.pro rank

Product category

Sharia Microfinance (Islamic Cooperative Banking)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Trust, Fiduciary, and Custody Activities (523991)

SIC

Short-Term Business Credit Institutions (6153), Finance Services (6199)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic SME & Commercial Banking (FSABAGAB)

Keywords

• Sharia microfinance
• Islamic savings products
• Cooperative financing
• Murabahah financing
• Mudharabah profit sharing

Headquarters

HQ city

Pasuruan

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Savings/Deposits (Simpanan): Accepts various Islamic savings deposits including general savings (Syariah), education savings, time deposits (Berjangka Syari'ah), pilgrimage savings (Syari'ah Haji), and qurban/aqiqah savings. Revenue generated from deposit float and investment of pooled funds.
2. Financing/Loans (Pembiayaan): Provides Islamic financing products including Mudharabah/Qirodh (profit-sharing), Murabahah (cost-plus financing), and Talangan Haji (pilgrimage advance financing). Revenue generated through profit-sharing arrangements and murabahah markup.
3. Transaction Services: Fees from utility bill payments, airtime recharge, ticket sales, and money transfers through mobile app and branch network.
4. Auction Services (Lelang): Facilitates property auctions for defaulted collateral, earning commission on successful transactions.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

BMT Maslahah is a Sharia-compliant cooperative financial institution (Koperasi Baitul Maal wat Tamwil) that accepts member savings (general, education, term, pilgrimage, and qurban/aqiqah savings) and provides Islamic financing (Murabahah cost-plus, Mudharabah/Qirodh profit-sharing, and Hajj advance financing). It supplements these with digital channels including a mobile banking app (Maslahah Mobile), PPOB payment point services, EDC terminals, and an electronic transfer system (ETS).

Product overview

BMT MASLAHAH is a Shariah-compliant cooperative financial institution (Koperasi Baitul Maal wat Tamwil) offering a dual-core product portfolio. The first pillar comprises six Shariah-compliant savings products (Tabungan Syariah, Tabungan Pendidikan, Tabungan Berjangka Syari'ah, Tabungan Ziarah/Wisata, Tabungan Syari'ah Haji, and Tabungan Qurban/Aqiqah) designed for various religious and personal financial goals. The second pillar includes three financing products (Talangan Haji, Mudharabah/Qirodh, and Murabahah) structured according to Islamic principles. The institution supplements these core offerings with digital services including BMT Maslahah Mobile (mobile banking app), EDC terminals, PPOB payment points, and ETS electronic transfer system, alongside ancillary services such as credit simulation tools and property auctions.

Differentiator

Problem solved

Functional benefit

Products and services

• Tabungan Syariah (Syariah Savings) A general Shariah-compliant savings account with easy requirements and fast processing, designed for Muslim members seeking halal interest-free deposit products.
• Tabungan Pendidikan (Education Savings) A savings program that helps members systematically save for their children's educational expenses in a Sharia-compliant manner.
• Tabungan Berjangka Syari'ah (Shariah Term Savings) A time-based Shariah savings account with predetermined maturity periods following Islamic principles, providing members a planned savings horizon.
• Tabungan Ziarah/Wisata (Pilgrimage/Travel Savings) A Shariah savings product earmarked for pilgrimage and religious travel expenses.
• Tabungan Syari'ah Haji (Hajj Savings) A specialized Shariah savings account that helps members systematically prepare financially for the Hajj pilgrimage.
• Tabungan Qurban/Aqiqah A Shariah savings product earmarked for Qurban (sacrifice) and Aqiqah (celebratory sacrifice) religious obligations.
• Talangan Haji (Hajj Financing) Islamic financing solution that helps members cover Hajj pilgrimage costs when their savings fall short.
• Mudharabah/Qirodh (Profit-Sharing Financing)

Quantifiable outcome

• 302,756 savings members and 48,625 borrowing members served
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Ponpes Sidogiri (Pondok Pesantren Sidogiri)coreStrategic or Co-development PartnerStrong institutional relationship with Sidogiri Islamic boarding school, one of Indonesia's largest pesantrens. BMT Maslahah appears to be connected to the Sidogiri cooperative network, with shared community ties and member base.
• PT. Marstech GlobalcoreTechnology or IntegrationTechnology partner providing digital banking platform and mobile application development services. Website credits PT. Marstech Global for platform maintenance.
• IASS (Ikatan Ahli Sharia Indonesia)minorOthersProfessional association membership providing access to Islamic finance expertise and industry standards.
• Kopontren SidogiricoreStrategic or Co-development PartnerCooperative network affiliated with Sidogiri Islamic boarding school system, providing shared infrastructure and member referral network.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Amartha: An Indonesian P2P lending fintech (now Amartha Financial) with growing sharia-compliant financing products serving micro and small enterprises in rural areas; competes for the same East Java SME and unbanked Muslim borrower segment via a digital model.

Direct peers

• KSPPS Tamzis: A large Indonesian sharia savings-and-loan cooperative (Koperasi Simpan Pinjam dan Pembiayaan Syariah) operating a BMT-style model with sharia deposits and murabahah/mudharabah financing to community and SME members nationwide.
• BMT UGT Sidogiri: A fellow Baitul Maal wat Tamwil cooperative affiliated with the same Ponpes Sidogiri network in East Java, offering essentially the same Shariah savings, mudharabah/murabahah financing, and member-led community model in overlapping territory.
• KSPPS BMT Bina Umat Sejahtera: An Indonesian BMT (Baitul Maal wat Tamwil) cooperative offering sharia savings, murabahah, and mudharabah financing to small merchants and Muslim communities; highly comparable in product mix, customer segment, and cooperative governance.

Broad incumbents

• Pegadaian Syariah: State-owned Indonesian pawnbroker with a dedicated sharia unit (gadai berbasis syariah / rahn) offering murabahah-style financing to underserved Muslim customers; competes in the small-ticket, collateral-based sharia credit space.
• Bank Muamalat Indonesia: A pioneering full-service Indonesian sharia commercial bank offering deposit products, murabahah, mudharabah, and ijarah financing to retail and SME customers across the country; competes with BMT Maslahah for the same Sharia-conscious Muslim demographic.
• Bank Syariah Indonesia (BSI): The largest sharia commercial bank in Indonesia formed from the merger of BRIs, BNI, and Mandiri sharia units; competes in the same sharia deposit and murabahah/mudharabah financing space but at national scale and with full banking licenses.
• Bank Mega Syariah: A licensed Indonesian sharia commercial bank offering sharia savings, murabahah, and mudharabah financing to retail and SME customers, providing national-scale competition for community-rooted BMTs.

Regional players

• KSPPS BMT Surya Dana: An East Java-based Islamic cooperative (Koperasi Simpan Pinjam dan Pembiayaan Syariah) operating a comparable sharia savings and murabahah/mudharabah financing model targeting small businesses and individuals in overlapping Pasuruan/Surabaya corridors.

Others

• Dompet Dhuafa: An Indonesian Islamic philanthropic and community finance institution operating zakat, wakaf, and community empowerment programs; adjacent to BMT Maslahah's Sharia community-finance positioning and the same Muslim community base in East Java.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bmt-maslahah

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 MASLAHAH