The Model of Spiritual Capital Implementation in Islamic Microfinance Institutions (Case Study at BMT Sunan Drajat)

ABSTRACT: BMT Sunan Drajat is a sharia microfinance institution in the Sunan Drajat Islamic BoardingSchool. Its existence is still new, but its development is very good. Spiritual capital is generally applied inIslamic financial institutions, but many of its applications are not yet optimal. The purpose of this research is tofind out how the spiritual capital is applied in BMT Sunan Drajat and what are the differences with other Islamicfinancial institutions. The research method used is qualitative research with a phenomenological approach. Theresults show that the spiritual capital applied by BMT Sunan Drajat is operational-based spiritual capital,because these values are directly applied in five forms such as Spiritual Recruitment & Training, SpiritualMetting, Spiritual Service, Spiritual Products and Spiritual Compliance where all of these forms are aimed atreach Mqashid As-Sharia.

KEYWORDS: Spiritual Capital, Microfinance Institutions, BMT Sunan Drajat