Empowered Farmers: Hifdz al-Maal based financial management in the farmer community of Cibodas Village, Bandung Regency. Iwan Permana, Arif Rijal Anshory, Zia Firdaus Nuzula, Rabi Dzaky Ryzkullah
Bandung Islamic University
Abstract
The source of income for farmers comes from plantation harvests with a time span of 3 (three) to 6 (six) months, which causes farmers to often take out loans during the waiting period for the harvest without paying attention to good financial management aspects. Often, the harvest results cannot cover the existing debts because they do not conduct accurate financial calculations, leading to detrimental impacts on the farmers^ families. One example of this is the farmer community in Cibodas Village, Bandung Regency, which will also be a partner in this research.
The problems faced by partners are (1) Farmers do not have good financial insights according to Sharia, specifically regarding hifdz al-maal, (2) There is no ta^awun system among the farming community in case of bankruptcy, (3) The farmings does not have a financial management system based on hifdz al-maal.
The solutions to address the issues above are (1) Providing training related to financial management based on hifdz al-maal, (2) Providing partners with skills in preparing financial cash flows, (3) Providing training related to the ta^awun system for farming communities in the event of bankruptcy according to the concept of hifdz al-maal.
The output targets to be achieved include: publication in accredited national journals, dissemination at the Bandung Annual International Conference (BAIC), Intellectual Property (IP), publications in printed/electronic media, links to activity videos uploaded on YouTube. In general, the activities to be carried out are to improve community welfare through financial management for farmers in Cibodas Village, Pasirjambu, Bandung Regency.
Keywords: Farmers, Empowered, Financial Management, Preservation of Wealth
Topic: Economic Welfare in Terms of Islamic Perspective
