Implementation of Mudharabah Contract to Enhance Sharia Capital Access for MSMEs through BUMDesa Berkah Sejahtera Tambakrejo, Jombang

Abstract

This study aims to analyze the implementation of the mudharabah contract in enhancing access to sharia- based capital for Micro, Small, and Medium Enterprises (MSMEs) in BUMDesa Berkah Sejahtera Tambakrejo, Jombang Regency. The background of this research is based on the limited access to sharia- compliant financing at the village level and the need to optimize the role of BUMDesa as a sharia financial intermediation institution that upholds justice and social equity. This study employs a qualitative approach with a descriptive case study type. Data were collected through in-depth interviews, participatory observation, and documentation involving BUMDesa managers, MSME actors, and village officials. Data analysis used the Miles and Huberman model, including data reduction, presentation, and verification, supported by an evaluation of organizational and operational factors affecting the implementation of the mudharabah contract. The results show that BUMDesa acts as the shahibul maal providing capital to MSME actors as mudharib through a profit-sharing system with a ratio of 60:40. This scheme successfully increases capital access and strengthens public trust in the sharia financial system. However, challenges remain in financial literacy and the managerial capacity of business actors, which require continuous development and supervision to achieve sustainable empowerment.