Optimization of Social Funds toward Covid 19 Pandemic Vania Nur Rizqi, Fera Yunita, Fitriiana Prabandari
Universitas Halim Sanusi
Abstract
The Covid 19 virus that has occurred throughout the world including Indonesia since 2020 has had a negative impact on economic conditions in Indonesia. The policy issued by the government in suppressing the spread of the Covid-19 virus has an impact on economic sustainability, especially for MSMEs. As many as 87.5 percent of MSMEs were affected by the COVID-19 pandemc and 93.2 percent of them were affected in terms of sales. 40 percent of MSMEs experienced a sales decline of between 25 and 50 percent, 28 percent of MSMEs experienced a sales decline of 51-75 percent, and there were 15.6 percent of MSMEs that experienced a sales decline of more than 75 percent (BPS, 2021). MSMEs as the main support of the Indonesian economy absorb 119.56 million workers and 91.87% of workers work in the micro sector (BPS, 2021).
It is undeniable that the need for capital to be able to survive and continue the business in the pandemic and post-pandemic period will be needed by MSME actors. Especially for the largest micro and small enterprises, it is difficult to access formal financial institutions. Social funds such as zakat, infaq, and sodaqoh as well as waqf which are Islamic financial instruments can be one way out for MSME capital problems to be able to survive and rise in the post-pandemic era. In accordance with the fatwa of the Indonesian Ulema Council Number 23 of 2022 concerning the Utilization of Zakat, Infaq, and Sodaqoh Assets for the Prevention of the Covid 19 Outbreak and Landscapes. Of course, with the roll-out of these social funds in the productive sector, it will increase its usefulness which in turn can improve the economy of the people and the state.
Therefore, this research aims to analyze the optimization of the use of social funds in encouraging the emergence of MSMEs in the post-Covid 19 period. In addition, this research aims to overcome the problems faced in the use of social funds in order to encourage resilience and MSMEs in the city of Bandung and develop
Keywords: Covid 19, Social funds, SMSE, resilience
