ABSTRACT
This chapter analyzes the Baitul Maal Wat Tamwil institution (BMTI) movement with Islamic social capital in the form of networking, spirituality, norms, and trust to solve the impact of the COVID-19 pandemic. Since the COVID-19 pandemic, BMTI have faced the threat of lack of liquidity due to the coronavirus outbreak and survival in the face of sudden shocks of economic downturn. The chapter investigates the ability of Islamic social capital to buffer against potential financial turmoil in BMTIs in Indonesia. Social capital is a sociological concept that is an indispensable resource facilitating social movement and mobilization. The chapter discusses the responses from senior managers of BMTIs. Based on the response received from the senior managers of BMTIs, it is essential to explore the views of the zakat institution on its relationship with BMTI. The senior manager of BMTI said that BMTI should realize the members’ needs are aligned with the Islamic and cooperative principles.
