CONCEPT AND IMPLEMENTATION OF SHARIA MICRO-FINANCE INSTITUTIONS (ANALYSIS OF ADINUGRAHA THINKING CONTRIBUTIONS)

Hendri Hermawan Adinugraha is a Lecturer at IAIN Pekalongan, he is also active in writing books, scientific journals with the theme of Islamic studies. This article intends to study and describe specifically about Adinugraha's thoughts on the concept and implementation of Islamic microfinance institutions. The approach used is a literature review whose primary source comes from his very interesting works on Islamic studies. The concept and implementation of Islamic financial institutions according to Adinugraha, Islamic microfinance institutions (LKMS) are the same form as MFIs in general, the difference is the Islamic principles applied to products, contracts and operations. LKMS serves financing needs and facilitates a financing system for all micro-sectors. In the practice of Islamic economics, both banks and LKMS must avoid Magrib, an acronym for masyir, gharar and usury. In its implementation, LKMs are more accessible to the public, both savings and loans because they are in accordance with the agreement of related parties without being burdened with using sharia principles.