Intellectual Capital, Islamic Work Ethics, and Organizational Performance of Baitul Maal Wat-Tamwil in Indonesia

The purpose of this study is to analyze the influence of intellectual sub-componenet and Islamic Work Ethics on the organizational performance of BMT (Baitul Maal Wat Tamwil) in Indonesia. Furthermor design of methodology for the research from Data was collected through a structured questionnaire distributed to a research population consisting of directors and staff employees representing Baitul Maal Wat-Tamwil institutions across Indonesia, with a sample size of 200 respondent. The sampling technique employed was purposive sampling, with specific criteria. The Baitul Maal Wat-Tamwil must have official legal status, possess a financial statement, and have been established for at least two years. The questionaires were distributed both directly to the Baitul Maal Wat Tamwil offices and via Google Forms to gather data for analysis. Partial Least Squares Structural Equation Modeling (PLS-SEM) software to evaluate hypotheses analyzed using. The Findings section result of this study indicates that Relational Capital, Structural Capital and Islamic Work Ethics have a significant positive impact on organizational performance, while Human Capital (HC), Social Capital (SC), and Spiritual Capital (SPC) do not have to affect the organizational performance of BMT in Indonesia. The last practical implications of the findings and results of this study hold significant relevance and importance for BMT in Indonesia because it provides comprehensive directions related to supporting factors of organizational performance through the lens of the concept of intellectual capital component theory and Islamic Work Ethics. This finding helps the BMT institution and the regulations that oversee it, namely the Ministry of Cooperatives and Small and Medium Enterprises and the Financial Services Authority as a direction for effective solutions to find out the challenges and weaknesses that hinder its performance, with the hope of taking a large role in serving the needs of small and medium communities, especially in Indonesia, so that consumers can also feel the contribution from the results of this finding.