This research critically analyzes the phenomenon of de-ideologization in Baitul Maal wat-Tamwil (BMT) in Indonesia. Starting from the ideal of Baitul Maal Rasulullah SAW as a socio-religious financial institution based on the destruction of riba and the proliferation of sadaqa (QS. Al-Baqarah [2]: 276), BMT now tends to transform into a microfinance business entity. The shift in BMT's orientati…